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Gas Cutting Machine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

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Robert Roy
Gas Cutting Machine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

Machine-to-machine (M2M) technology refers to any technology that enables direct communication between network devices with the help of wired and wireless communication channel by exchanging information, interpreting data, and making decisions individually without human assistance.

Machine to machine connections are usually used in warehouse management, supply chain management, and remote monitoring.

Hence, it is very important for warehouse and retail sector.

Moreover, advancement in technologies and increasing adoption of 2G, 3G, and 4G Long-Term Evolution (LTE) cellular networks are favorable for global M2M market growth.

Mobile, other connected devices including wearables, and social media are key factors responsible for the evolution of machine to machine connections and have also accelerated overall growth of the market.

For instance, according to Coherent Market Insights’ analysis, in 2016, over 68% of global population was already using mobile phones and the count of M2M connections were around 192 million in 2014 as compared to over 70 million in 2010.

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Robert Roy
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