Global Cellular M2M Connections and Services Market 2016-2020
About the Cellular M2M Connections and Services Market
M2M technology enables the communication of data and information between electronic devices. In cellular M2M connections, code-division multiple access (CDMA), 2G, 3G, and 4G-LTE networks are used to establish connections between electronic devices.
Cellular M2M has a broad range of applications in industries such as automotive, healthcare, retail, transport and logistics, manufacturing, energy and utilities, and consumer electronics. Cellular M2M connections and services are used for video surveillance, remote diagnostics of vehicles, fleet management, asset tracking, theft recovery, and point-of-sale (POS) applications. These M2M offerings help industries worldwide enhance their operational efficiency and productivity by reducing the overall capital expenditure (CAPEX).
Technavio’s analysts forecast the global cellular M2M connections and services market to grow at a CAGR of 29.98% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cellular M2M connections and services market for 2016-2020. To calculate the market size, the report considers the following:
Technavio Announces the Publication of its Research Report – Global Cellular M2M Connections and Services Market 2016-2020
Technavio recognizes the following companies as the key players in the global cellular M2M connections and services market: AT&T, China Telecom, EE, Sprint, and Verizon Communications.
Other Prominent Vendors in the market are: Aeris Communications, Amdocs, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Jasper Technologies, Kore Wireless Group, Novatel Wireless, Orange Business Services, PTC, Rogers Communications, Sierra Wireless, Tech Mahindra, Telefonica, Telit, u-blox, Wipro, and Wyless Group.
Commenting on the report, an analyst from Technavio’s team said: “A trend which will boost market growth is the consolidation of M2M platforms. Powerful M2M platforms are available that fit onto small boards to provide many ports. These platforms are compatible with standardized operating systems such as Linux and Android. M2M platform consolidation solutions provide a single and intuitive management platform for all M2M services and solutions. In addition, the solutions help monitor each service closely and consistently to improve the integration between solutions.”
According to the report, a key growth driver is the increased use of POS terminals. Retail is a highly competitive industry. Therefore, it is vital to provide the best customer experience in a cost effective manner. Wirelessly connected solutions such as POS, vending machines, RFID systems, and kiosks improve the shopping experience by reducing costs, automating manual processes, and expanding product portfolios into new markets.
Further, the report states that a challenge that could hamper market growth is security and network integration issues in connected vehicles.
AT&T, China Telecom, EE, Sprint, Verizon Communications, Aeris Communications, Amdocs, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Jasper Technologies, Kore Wireless Group, Novatel Wireless, Orange Business Services, PTC, Rogers Communications, Sierra Wireless, Tech Mahindra, Telefonica, Telit, u-blox, Wipro, Wyless Group.