There are three types of M2M communications- Machine to Machine, Machine to Man and Machine to Mobility applications. The M2M came into existence since 19th century. Now, the question arises how these factors influence business communication. Which type of business or industry reaps benefits from this technology? What are its future trends?
There are endless possibilities when it comes to M2M communications. Therefore, there are no single answer to the questions above mentioned. According to the analysis following conclusions have been drawn:
- The logistics and transportation followed by automotive and utility segments will be seen to adopt M2M services.
- The success of M2M depends on margin, instead of machines
- The value is shifting from data delivery to data intelligence.
Current Scenario for Emerging Economies
The expert have predicted that there will be emergence of new trade corridors between and within Africa, Asia, South America to re chart global supply chains. There are some service like https://zenduit.com already in the market which are striving to get hold on this industry.
It is expected that trade volumes will shift towards emerging markets and least developed countries will take their first steps into the global marketplace. Increasing movement of goods will take place between the trade corridors connecting the emerging world with the developed western nations. And Logistics will play a central role in orchestrating this movement.