TechNavio Announces the Publication of its Research Report – Global M2M Services Market 2014-2018
TechNavio recognizes the following companies as the key players in Global M2M Services Market: AT&T Inc., China Mobile Ltd., Verizon Communications Inc., and Vodafone Group plc.
Commenting on the report, an analyst from TechNavio’s team said: “Satellite M2M services are gaining momentum in emerging geographies such as the MEA region, Latin America, and Southeast Asia, mainly because the penetration of low-cost wireless networks is very low in these geographies. In addition, there has been a rapid increase in the demand for M2M services in remote areas across the globe. The use of M2M technology is extremely useful for applications, especially on ships. M2M can help in applications such as tracking fishing vessels and dangerous cargos and monitoring offshore wind farms. The Defense sector is also using satellite M2M services to track combat assets. Several terrestrial satellite providers such as Orbcomm Inc., Inmarsat plc, and Iridium Communication Inc. are developing innovative M2M terrestrial networks for offering services to communication providers. Hence, the increased usage of satellite M2M services is a new trend that is expected to boost the growth of the market over the next few years.”
According to the report, one of the main drivers in this market is the increased adoption of M2M services by individual users and enterprises. Nowadays, people across the globe are increasingly using mobile devices such as smartphones, tablets, and PDAs for personal and official purposes. Since these mobile devices are intelligently connected with advanced M2M modules, smart sensors, and software, individual users are increasingly adopting M2M services.
Further, the report states that one of the major challenges in this market is the lack of coordination among the members of the fragmented M2M value chain. The M2M value chain includes manufacturers, connectivity providers, application service providers, service providers, sellers, and re-sellers. Although this extensive value chain supports M2M for its economic growth, the coordination among the value chain members is complex. The interoperability at the level of the hardware, software, and user interface is a major challenge for the M2M market. This adverse effect of the lack of coordination in the value chain prevents operators from offering complete solutions to end-users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-m2m-services-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/telecom-and-networking
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TechNavio Announces the Publication of its Research Report – Global M2M Services Market 2014-2018
