London, 10 February 2015 – TechNavio, a tech-focused research firm, has published a new report on the Global M2M Services Market, which is expected to grow at a CAGR of 24.27 percent from 2014-2019.
The latest report by TechNavio draws attention towards increased use of M2M services in the automotive industry. Connected car M2M services are generally used for accessing emergency services, vehicle diagnostics and tracking a car’s location in the event of vehicle theft, which has increased demand for these applications significantly over the past few years.
“Increased awareness among vehicle owners about safety is expected to fuel the growth of the Global M2M Services Market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
“Additionally, M2M services are expected to help people save a considerable amount on fuel.”
The new TechNavio report also emphasizes evolving M2M technology, which plays a pivotal role in the improvement of supply chain processes. M2M services allow companies to improve their existing supply chain processes by enabling the remote monitoring of vehicles.
“M2M services play an important role in tackling supply chain challenges and help in improving overall efficiency, which boosts profits,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Connected Car M2M Connections and Services Market in Western Europe 2015-2019
- Global Connected Health M2M Market 2015-2019
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
