Global Cellular-based M2M VAS Market 2015-2019
About Cellular-based M2M VAS
M2M communication is used for data transmission between electronic devices. In cellular-based M2M connections, CDMA, 2G, 3G, and 4G/LTE networks are used to establish connections between electronic devices. Cellular-based M2M VAS includes managed and professional services, which are offered by MNOs and service providers. Industries such as automotive, healthcare, retail, transport and logistics, energy and utilities, and consumer electronics are some of the major end-users of cellular-based M2M VAS. Some of the major applications of cellular-based M2M VAS are video surveillance, remote diagnostics of vehicles, fleet management, asset tracking, theft recovery, and POS.
Technavio's analysts forecast the global cellular-based M2M VAS market to grow at a CAGR of 33.14% over the period 2015-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global cellular-based M2M VAS market for the period 2015-2019. Based on verticals, the market can be segmented into six: consumer electronics, automotive, transport and logistics, healthcare, energy and utilities, retail, and others.
Technavio's report, Global Cellular-based M2M VAS Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Cellular-based M2M VAS Market 2015-2019
Technavio recognizes the following companies as the key players in the global cellular-based M2M VAS market: AT&T, KT, Sprint, Verizon Communications and Vodafone Group
Other Prominent Vendors in the market are: Aeris Communications, Amdocs, China Mobile, China Telecom, Digi International, EE, Gemalto, Jasper Wireless, KDDI, Kore Wireless, KPN, Novatel Wireless, Numerex, Orange Business Services, Rogers Communications, SeeControl, Sierra Wireless, TechMahindra, Telecom Italia, Telefonica, Telenor, Telit Communications, Thingsquare, T-Mobile US and Wyless
Commenting on the report, an analyst from Technavio’s team said: “M2M cloud-based platforms have helped MNOs reduce CAPEX and time-to-market for their products and service launches. It helps MNOs manage, develop, and assemble their service packages. In addition, cloud-based platforms help telecommunication operators in marketing, selling, integrating, developing, and supporting M2M connectivity and cloud-services across different business sectors such as retail and automotive. For instance, Axeda (acquired by PTC in 2014) and Jasper Wireless forged partnerships to adopt M2M cloud-based strategies and help MNOs to manage services offered to customers.”
According to the report, the rising number of cellular-based M2M connections and declining prices of M2M modules are driving the market. A large number of consumers and enterprises are adopting cellular-based M2M connections. Further, most retailers and banks worldwide use cellular-M2M connection to execute secure payments and transactions in real-time.
Further, the report states that integration among M2M products is a major challenge for this market.
AT&T, KT, Sprint, Verizon Communications, Vodafone Group, Aeris Communications, Amdocs, China Mobile, China Telecom, Digi International, EE, Gemalto, Jasper Wireless, KDDI, Kore Wireless, KPN, Novatel Wireless, Numerex, Orange Business Services, Rogers Communications, SeeControl, Sierra Wireless, TechMahindra, Telecom Italia, Telefonica, Telenor, Telit Communications, Thingsquare, T-Mobile US, Wyless