London, 18 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global cellular-based M2M VAS market 2015-2019, which is forecast to grow significantly posting a high CAGR of 33.14% during 2015-2019.
The growing number of connected mobile devices, high speed 4G LTE networks, and emergence of internet-of-things have opened numerous opportunities for cellular-based M2M to provide VAS across major sectors like healthcare, retail, automotive, energy and utilities, consumer electronics and home appliances, agriculture and manufacturing.
“Government organizations worldwide have started investing heavily in IoT projects. M2M technology is a part of IoT and increased investment in IoT will fuel demand for M2M VAS,” says Faisal Ghaus, Vice President of Technavio.
“Investments by government organizations worldwide in IoT have also bolstered the market for M2M services, and have prompted various industries such as automotive, healthcare, and logistics to adopt these services.”
Key Market Drivers
- Increased Number of Cellular-based M2M Connections
- Availability of 4G LTE Wireless Broadband
- High Adoption of Cellular-based M2M among Individual Consumers and Enterprises
- Improvement in Business Model
Key Market Trends
- Adoption of M2M Cloud-based Platform
- Government Investment in IoT
- Increased Use of Cellular-based M2M for Safety and Security
- Favorable Government Regulations
Key Market Vendors
- AT&T Inc.
- 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%…
