Published on : Jun 01, 2017
Albany, New York, June 01, 2017: The research report, titled “Global Cellular M2M Value-Added Services (VAS) Market 2017-2021,” throws light on the major aspects that are predicted to influence the growth of the overall market throughout the forecast period. In addition to this, the report offers a thorough analysis of the competitive landscape of the global market. As per the research study, the global cellular M2M value-added services market is expected to exhibit an impressive 41.0% CAGR between 2017 and 2021.
The development of the automotive sector by leveraging 5G technology and the digital signage in the M2M retail sector are the key factors that are anticipated to encourage the growth of the global market in the next few years. In addition, the use of 3D printing in the wireless M2M technology and the consolidation of M2M platform are estimated to accelerate the market’s growth in the forecast period. Furthermore, the rising use of M2M technology for surveillance and security is likely to offer promising growth opportunities for the key players in the global market.
On the basis of application, the global market for cellular M2M value-added services has been classified into healthcare, energy and utilities, transportation and logistics, automotive, consumer electronics, and retail. In 2016, the consumer electronics segment led the global market and is likely to remain in the topmost position in the next few years. The increasing adoption in the cellular broadband networks in the household sector and the rising trend to make use of smart connected devices are anticipated to supplement the growth of this segment in the coming years.
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Among the key regional segments, the Americas is estimated to lead holding a major share of the global cellular M2M value-added services market throughout the forecast period. As per the study, this segment is predicted to exhibit a strong growth rate in the near future. On the other hand, with the mass deployment of advanced LTE networks, the EMEA segment is projected to grow substantially in the near future. Moreover, the rising number of strategic alliances among M2M solution providers is estimated to accelerate the growth of the EMEA market in the coming years.
The global market for cellular M2M value-added services is characterized by a high level of competition, owing to the presence of several application providers, hardware providers, telecommunication operators, and system integrators. The leading players in the market are focusing on the expansion of the product portfolio and the rising number of strategic alliances. Some of the key players mentioned in the research report are Numerex, Tech Mahindra, AT&T, Orange Business Services, China Mobile, Verizon, Telefónica, T-MOBILE USA, Sprint, China Telecom, Rogers Communications, Gemalto, Telit, KDDI, Amdocs, Vodafone, Telenor, Sierra Wireless, and Digi International.
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