- The key vendors in the global satellite M2M connections and services market 2015-2019 are Globalstar Inc., Iridium Communications Inc., Orange Business Services, ORBCOMM Inc. and Rogers Communications Inc.
London, 08 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global satellite M2M connections and services market 2015-2019. Increased use of satellite M2M for event-based SCADA applications is one of the major trends emerging in the market. With the growing popularity of satellite M2M devices for asset tracking, remote monitoring, and controlling, the demand for satellite M2M for event-based SCADA applications has increased significantly. The global satellite M2M connections and services market will likely grow at a CAGR of 7.43% from 2015-2019.
Increase in demand for real-time data communication, adoption of satellite communication for monitoring of oil and gas rigs, and the growing partnership between satellite and M2M providers are the key factors driving the market growth. North America and Western Europe are the main regions where demand for satellite M2M services is high, while this demand is also increasing in the emerging countries of APAC owing to increased need for low-cost data communications.
“Currently, most MNOs are adopting M2M cloud-based platforms that help reduce CAPEX and time-to-market for their product and service launches,” says Faisal Ghaus, Vice President of Technavio Research.
“Cloud-based platforms help telecommunication operators market, sell, integrate, develop, and support M2M connectivity and cloud services across business verticals such as retail and automotive.”
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.
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