July 19, 2016 06:54 AM Eastern Daylight Time
DUBLIN–( BUSINESS WIRE)– Research and Markets has announced the addition of the “Global Cellular M2M Connections and Services Market 2016-2020” report to their offering.
The global cellular M2M connections and services market to grow at a CAGR of 29.98% during the period 2016-2020.
M2M technology enables the communication of data and information between electronic devices. In cellular M2M connections, code-division multiple access (CDMA), 2G, 3G, and 4G-LTE networks are used to establish connections between electronic devices.
Cellular M2M has a broad range of applications in industries such as automotive, healthcare, retail, transport and logistics, manufacturing, energy and utilities, and consumer electronics. Cellular M2M connections and services are used for video surveillance, remote diagnostics of vehicles, fleet management, asset tracking, theft recovery, and point-of-sale (POS) applications. These M2M offerings help industries worldwide enhance their operational efficiency and productivity by reducing the overall capital expenditure (CAPEX).
A trend which will boost market growth is the consolidation of M2M platforms. Powerful M2M platforms are available that fit onto small boards to provide many ports. These platforms are compatible with standardized operating systems such as Linux and Android. M2M platform consolidation solutions provide a single and intuitive management platform for all M2M services and solutions. In addition, the solutions help monitor each service closely and consistently to improve the integration between solutions.
According to the report, a key growth driver is the increased use of POS terminals. Retail is a highly competitive industry. Therefore, it is vital to provide the best customer experience in a cost effective manner. Wirelessly connected solutions such as POS, vending machines, RFID systems, and kiosks improve the shopping experience by reducing costs, automating manual processes, and expanding product portfolios into new markets.
Further, the report states that a challenge that could hamper market growth is security and network integration issues in connected vehicles.
To calculate the market size, the report considers the following:
– M2M services revenue from cellular technologies, including 2G, 3G, and 4G long-term evolution (LTE).
– Revenue from M2M value-added services (VAS) and platform services.
– M2M services income from verticals such as consumer electronics, automotive, transport and logistics, healthcare, energy and utilities, and manufacturing. Other verticals include financial services, retail, public services, consumer goods, and security.
For more information visit http://www.researchandmarkets.com/research/9mjxwl/global_cellular