Published on : Mar 02, 2017
ALBANY, NY, March 02, 2017: The research report is a professional study of the developments of the global M2M services market for the 2017-2021 period. Displaying a remarkable 29.37% CAGR between 2017 and 2021, the market is expected to reach new heights, says the report. Included in the report is market size estimates that are presented based on revenue generated from M2M services for satellite networks and cellular networks.
Technology, vertical, and geography are the criteria based on which the M2M services market is studied in this report. The technology segments of the market include: Satellite and cellular. On the basis of vertical, the market is divided into: Consumer electronics, healthcare, transportation and logistics, manufacturing, automotive, energy and utilities, and others. Geography-wise, the M2M market is analyzed across the Americas, EMEA, and APAC regions in this report.
Machine to machine (M2M) is an umbrella term that refers to any technology that allows connected devices to exchange information and act without manual assistance of humans. Although not restricted, M2M communication is an important feature of remote control, warehouse management, logistics services, traffic control, fleet management, telemedicine, and supply chain management.
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The report points out several factors that are driving the M2M services market. First and foremost, the increasing demand for improved M2M data communication is the major factor driving this market’s growth. The increasing adoption of M2M communication in supply chain management, increased use of point-of-sale (POS) terminals, and demand for dynamic real-time advertising are some other prominent factors favoring the growth of this market.
However, the market faces certain growth impediments as well. M2M communication networks lack standardization leading to policy-related issues. Lack of compatibility due to the presence of hybrid networks, lack of in-house expertise, and security issues pertaining to the integration of connected vehicles are restraining the market’s growth.
Nevertheless, the growth of the market is expected to be benefitted due to some key trends that are coming to the fore. The increasing consolidation of the M2M platform, increasing use of embedded telematics solutions, and increasing use of analytics in M2M satellite communication are expected to present newer growth avenues to this market. Last but not the least, increasing partnerships and strategic alliances in the M2M market will add new dimensions to the growth of this market.
Some of the key companies operating in the global M2M services market include AT&T, Sprint, EE, and Verizon. Some other prominent vendors in this market are Aeris Communications, Applied Satellite Technology, Digi International, Huawei, Jasper Technologies, Novatel Wireless, Oracle, PTC, Rogers Communications, Tech Mahindra, Teliasonera, u-blox, Amdocs, China Mobile, Comarch, Ericsson, Gemalto, Hughes Network System, KORE Wireless Group, Nupoint Systems, Orange Business Services, Quake Global, Sierra Wireless, Telefonica, Telit, and Wipro.
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