India holds huge potential for machine-to-machine
(M2M) solutions and can grow massively in the next few years, according to US-headquartered
UST Global.
UST Global, which offers
machine-to-machine (M2M) solutions and application development services,
expects massive growth in M2M adoption in 2016-17 in India, driven by 3G and 4G
services.
Machine to Machine (M2M) refers to
technologies that allow both wireless and wired systems to communicate with
other devices of the same type.
The company offers application services
and works with third-party device vendors to develop innovation-centric
solutions for telecom service operators in the M2M segment.
UST Global feels that there is a lot of
scope of M2M services in India’s ambitious Rs 7,000-crore 'Smart City' program
and added that new applications will come out on M2M networks.
Services such as security and
surveillance, remote monitoring of ATM machines, home automation, traffic
management, retail, logistics and grid energy could eventually facilitate
optimization of resources.
M2M is in its infancy in India with the
government expected to come out with know-your-customers (KYC) norms soon. The
absence of a desired infrastructure and murky ecosystem is only adding to the
industry's woes.
The US firm feels that telecom service
operators have a key role to play since data-connected devices would be a
pre-requisite. It said that application service providers should come together
for innovation-led M2M solutions.
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