London, 29 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Cellular M2M Connections and Services Market 2015-2019, which is expected to grow significantly at a CAGR of 31.77% and 28.47%, respectively, during the period 2014-2019.
Most government organizations worldwide are taking initiatives to boost the market growth. They are implementing mandatory regulations in the automotive sector such as eCall. The increased adoption of M2M devices in connected health and connected automobile services and the increased deployment of high-speed LTE networks worldwide are likely to enhance the overall market revenue significantly in the next few years.
“Currently, most MNOs are adopting M2M cloud-based platforms that help them in reducing their CAPEX and the time-to market for their product and service launches,” says Faisal Ghaus, Vice President of Technavio.
“Cloud-based platforms helps telecommunication operators in marketing, selling, integrating, developing, and supporting M2M connectivity and cloud services across different business verticals such as retail and automotive.”
Key Market Drivers
- High Adoption of Cellular M2M among Individual Consumers and Enterprises
- Increased Use of M2M Services in Automotive Industry
- Increased Use of M2M Services for POS Payments
- Increased Demand for Cellular M2M Modules among Enterprises
- Increased Use of M2M Services in Big Data Analytics
Key Market Trends
- Adoption of M2M Cloud-based Platform
- Increased Use of M2M in Supply Chain Management
- Increased Use of M2M in Healthcare Industry
- Favorable Government Regulations
- Government Investment in IoT
- Increased Use of M2M in Insurance Telematics
Key Market Vendors
- AT&T Inc.
- China Telecom Corp.
- EE Ltd.
- KT Corp.
- Sprint Corp.
- Verizon Communications Inc.
- Vodafone Group plc
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
