M2M Connections and Services Market in China 2015-2019
About M2M Connections and Services
Machine to machine (M2M) technologies allow for communication of data between electronic devices. The transmission of data is done via cellular as well as satellite networks. Cellular M2M connections use CDMA, 2G, 3G, and 4G/LTE networks to establish connections between electronic devices, and provide applications across different verticals, such as automotive, healthcare, retail, transport and logistics, manufacturing, energy and utilities, and consumer electronics.
Satellite M2M technology enables communication of data and information among electronic devices with the help of satellite networks. This type of M2M is widely adopted in regions where the reach of cellular networks is limited. Oil and gas companies, private enterprises, and government organisations worldwide are adopting satellite M2M rapidly because of its wide reach and low cost.
Some major applications provided by M2M are video surveillance, remote vehicle diagnostics, fleet management, asset tracking, theft recovery, and POS. It helps industries worldwide to enhance their operational efficiency and productivity by reducing overall CAPEX.
Technavio analysts forecast the M2M connections and services market in China to grow at a CAGR of 39.68% during 2015-2019; while the M2M services market in the country ill grow at a CAGR of 23.76% during the forecast period.
Covered in this Report
The Technavio report, namely M2M Connections and Services Market in China 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It also covers the market landscape in China and its growth prospects in the coming years. The report includes the key vendors operating in the market.
Technavio Announces the Publication of its Research Report – M2M Connections and Services Market in China 2015-2019
Technavio recognizes the following companies as the key players in the M2M Connections and Services Market in China: China Mobile Ltd., China Unicom (Hong Kong) Ltd., China Telecom Corp. Ltd., Huawei Technology Co. Ltd., and ZTE Corp.
Other Prominent Vendors in the market are: Digi International, Gemalto, Infineon Technologies, Jasper Technologies, Novatel Wireless, Oracle, Qualcomm, Quectel Wireless Solutions, Red Bend, SAP, Sierra Wireless, Telit, TransWiseway, and U-blox.
Commenting on the report, an analyst from Technavio’s team said: “The adoption of M2M cloud-based platform is a major trend observed in this market. Currently, most MNOs are adopting a M2M cloud-based platform that helps them in reducing CAPEX and time-to-market for their product and service launches.”
According to the report, one driver that promotes growth in this market is the increase in development of smart cities. The development of a smart city includes identifying an urban area and facilitating economic growth and improved quality of life by the use of technologies such as M2M.
Further, the report states that privacy and security issues pose a significant challenge to the market. The chances of data leakage via mobile technologies are always high. For instance, in healthcare, data leakage can cause misuse of a patient's health-related information. In addition, the growing use of wearable devices increases the chance of data leakage.
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