Experts within the telecom sector believe that machine-to-machine (M2M) communication has the potential to reinvent businesses. With technological, political, and economic factors falling into place in several developed and emerging nations, M2M is now more attractive and lucrative than ever before. Governments and companies have been empowered with the ability to transform their businesses by replacing old infrastructure with a new technology strategy that promises high levels of efficiency, service, and economy.
The adoption of M2M communications can be attributed to two key factors: The ubiquitous presence of networks needed to gather and transfer data generated by countless mobile, connected devices, and the development of cheaper, smaller, and more power-efficient devices, sensors, and components that make M2M communications possible. Personal privacy and the security of business data and systems continue to pose a challenge for players within this marketplace. However, the endless possibilities presented by M2M communications are likely to drive its adoption.
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