London, 12 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the M2M Market in China 2015-2019, which is expected to grow at a CAGR of 26.20% during the forecast period of 2014-2019.
The M2M penetration rate in China is 29%, which is the highest across the world, which can be attributed to the growing population and the initiatives undertaken by the government to support regional vendors, which in turn has led to an increase in innovation.
“Currently, mobile networks are expanding; 3G and 4G networks allow service providers to offer high bandwidth to their customers,” says Faisal Ghaus, Vice President of Technavio.
“This enhances the quality of IoT services and speeds up data transmission. With expansions in mobile networks, the number of M2M users will also increase.”
Key Market Drivers
- Increase in number of connected devices
- Development of smart cities
- Need to expand mobile network coverage
- Demand for expansion of service offerings
- System integration
Key Market Trends
- Increased demand for IoT in China
- Growth of mobile network infrastructure
- Emergence of M2M in telematics
- Need to develop M2M ecosystem
Key Market Vendors
- AT&T Inc.
- China Mobile Communications Corp.
- China Telecom Corp. Ltd.
- Deutsche TeleKom AG
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%…
