Global M2M Homeland Security market 2017-2021
About Machine to Machine (M2M) Homeland Security
An M2M platform is a programmed unit in which M2M applications and services are built on. The growing adoption of IoT and M2M services is resulting in an increased demand for innovative M2M platforms to offer new M2M services (such as connected cars and smart homes). Also, many small players are entering the global M2M platform market as the entry barriers are low.
The rising adoption of connected devices, tablets, wearable devices, and smartphones among consumers and enterprises will favor the growth of the market. This is because these connected devices require an M2M platform for transferring data and information in real time. The devices are connected to each other via M2M modules, smart sensors, and software. The number of M2M connections across various industry verticals, such as the automotive, healthcare, and retail, has increased, as the platform helps enterprises improve their operational efficiency and revenue generation.
Technavio’s analysts forecast the global machine to machine (M2M) homeland security market to grow at a CAGR of 54.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global machine to machine (M2M) homeland security market for 2017-2021. To calculate the market size, the report considers the revenue generated from M2M service providers, internet service providers, and analytical solution providers are also taken into consideration.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Machine To Machine (M2M) Homeland Security Market 2017-2021
Technavio recognizes the following companies as the key players in the report title minus years: ENSCO, KORE Wireless Group, Northrop Grumman, ORBCOMM, Seagull Maritime Security, Thales, and Westminster Aviation Security Services (WASS).
Other Prominent Vendors in the market are: AeroVironment, Elbit Systems, General Dynamics, Globotrack, Hughes, Leonardo, Safran, Teraquant and Zeal.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of satellite communication for disaster management. Satellites produce a large volume of data in pictorial format that cannot be analyzed easily. This has created a necessity for data analytics to deliver meaning and structure to large volumes of unstructured data. Companies have taken a note of the increasing need to analyze the data produced by satellites; they are making efforts to enter the analytics space.”
According to the report, one of the major drivers for this market is surveillance and security at borders. Higher level of security at the borders is demanded to reinforce the protection of the homeland security. Implementation of comprehensive surveillance and control systems helps prevent unlawful cross-border activities and fight against criminal organizations at land and maritime borders. Border control agencies can anticipate inspections to ensure compliance with entry and import permits using seamless information sharing for borders and coordinated communication with the broader law enforcement communities. Potential threats can be detected with cost-effective integrated and modular security systems that combine intelligence and automation.
Further, the report states that one of the major factors hindering the growth of this market is Cyber-attacks or hacking threats. With the IoT transforming the business operations globally, the risk for security threats and breaches is increaasing. As per a recent survey by Cisco, approximately 73% of the global business decision makers expect the IoT to cause security threats by 2019.
ENSCO, KORE Wireless Group, Northrop Grumman, ORBCOMM, Seagull Maritime Security, Thales, Westminster Aviation Security Services (WASS), AeroVironment, Elbit Systems, General Dynamics, Globotrack, Hughes, Leonardo, Safran, Teraquant, and Zeal
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