Published on : May 08, 2017
Albany, New York, May 08, 2017: The global machine-to-machine (M2M) network security market has been expected by research analysts to rise at a 26.27% CAGR during the course of the forecast period 2017–2021. In a report included by ResearchMoz.us, titled “Global M2M Network Security Market 2017–2021,” the world M2M network security market could gain strength from the rising count of connected devices.
Vendors operating in the M2M network security market could encounter the challenge of the expensive cost of M2M network security solutions and a few technical flaws. Nonetheless, industry trends such as the advent of M2M networks in smart cities and improved healthcare facilities on account of the implementation of M2M network security solutions have been anticipated to help the market rise above the odds. Besides these, other trends such as an augmenting want for M2M in consumer electronics and elevating count of cyberattacks on M2M networks could raise the hopes of industry players.
With a view to proliferate their share in the international M2M network security market, participants could adopt the strategy of acquiring weaker players, so as to also flesh out their product portfolio. Advanced technical and financial resources have been predicted to be welcomed by players in order to gain an upper hand in the international M2M network security market with web-based management portal, firewall-friendly agents, policy server, application hosting, data authentication and encryption, and more enhanced features.
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Owing to the significant presence of global as well as regional companies, the international M2M network security market has been foretold to demonstrate a highly diversified and competitive nature. PTC (Axeda), Numerex, Kore Wireless, Gemalto, and Cisco Systems could be among the top companies making a mark in the international M2M network security market.
Europe has been prophesied to be crowned as a dominant geographical segment in the worldwide M2M network security market due to the surging count of initiatives taken by regulatory and government bodies and fragilities in government infrastructures coupled with M2M network attacks. Howbeit, there could more reasons for the strong growth of the Europe M2M network security market, such as the magnifying acceptance of IoT and M2M applications. The dominance of this regional M2M network security market has been prognosticated to continue until the concluding forecast year.
The demand in the global M2M network security market could increase at a telling degree because of the distribution automation requirements of the utility industry. M2M security solutions could be essentially engaged by utility firms for guaranteeing maximal network security protocols and operational efficiency. This demand could aggravate even more as security concerns related to cyberattacks keep increasing. More opportunities could take birth in the global M2M network security market due to the advancing deployment of long-term evolution (LTE) wireless broadband in order to satisfy the higher speed and bandwidth requirement for running emergency services, video surveillance, automotive infotainment, and other applications.
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