- The key vendors in the Global Machine-to-machine Services Market in the Retail Industry 2015-2019 are AT&T Inc., Rogers Communications Inc., Verizon Wireless (Verizon Communications Inc.) and Vodafone Group plc
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Machine-to-machine Services Market in the Retail Industry 2015-2019. The increased use of M2M in digital signage is one of the major trends upcoming in this market. Retailers are striving to provide an innovative experience to shoppers by using M2M-based digital signage to offer more information about new product launches, the latest additions in the product line, and discounts. M2M-based digital signage helps retailers scale up customer engagement through targeted advertisements based on the customer’s profile (location, demography, gender, and age). The Global M2M Services market in the Retail industry is expected to grow significantly at a high CAGR of 34.30 percent during the forecast period of 2014-2019.
Many retail giants and financial institutions have started to adopt M2M services and big data analytics to improve their overall business efficiency and gain better insights into consumer preferences. M2M connections are used in smart parking and public transport ticketing devices. Government and public transport organizations are using these devices to improve their services.
“Many small and medium-sized retailers, restaurant owners, and hotels are installing M2M retail security systems to track people and equipment inside their retail premises,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, the M2M retail security solution helps the store managers to open new arrival chambers from a remote location to receive new goods. Hence, the increased use of M2M for security and surveillance is an emerging trend that is expected to propel the market growth during the forecast period.
To define the market conditions 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%…
