- The Global M2M Network Security market is expected to post a 22.9 percent CAGR during the forecast period of 2013-2018.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Machine to Machine Network Security Market 2014-2018. The Consumer Electronics and Automotive sectors have been witnessing a number of cyber-attacks over the years, which is likely to increase during the forecast period 2013-2018 leading to more end-users investing in M2M network security products during the forecast period. The market is anticipated to experience a healthy growth in the coming years die to various positive emerging trends.
M2M communications enable data sharing between machines in real-time. The sensor attached to the machine captures the event and relays it through a secure network (wireless or wired); it is then received on the other side where it initiates the necessary actions. M2M communications provide numerous advantages for organizations such as the reduction of human intervention and the enabling of task automation. This frees up a significant number of resources in an organization, which improves its business efficiency.
“The rise in end-to end communication from modules to management platforms will increase the probability of M2M networks getting hacked. This will increase the importance of network security products, with customers becoming more aware and conscious of potential cyber-attacks,” says Faisal Ghaus, Vice President of TechNavio Research.
“The adoption of M2M connections is set to grow rapidly in the coming years, with the market witnessing an increase in network security investments.”
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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