|By Business Wire||
|April 28, 2014 01:37 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/cpmgdg/global_m2m) has announced the addition of the "Global M2M Services Market 2014-2018: AT&T Inc., China Mobile Ltd., Verizon Communications Inc & Vodafone Group Dominate the Market" report to their offering.
The Global M2M Services market to grow at a CAGR of 21% to 2018.
One of the main drivers in this market is the increased adoption of M2M services by individual users and enterprises. Nowadays, people across the globe are increasingly using mobile devices such as smartphones, tablets, and PDAs for personal and official purposes. Since these mobile devices are intelligently connected with advanced M2M modules, smart sensors, and software, individual users are increasingly adopting M2M services.
Satellite M2M services are gaining momentum in emerging geographies such as the MEA region, Latin America, and Southeast Asia, mainly because the penetration of low-cost wireless networks is very low in these geographies. In addition, there has been a rapid increase in the demand for M2M services in remote areas across the globe. The use of M2M technology is extremely useful for applications, especially on ships. M2M can help in applications such as tracking fishing vessels and dangerous cargos and monitoring offshore wind farms. The Defense sector is also using satellite M2M services to track combat assets. Several terrestrial satellite providers such as Orbcomm Inc., Inmarsat plc, and Iridium Communication Inc. are developing innovative M2M terrestrial networks for offering services to communication providers. Hence, the increased usage of satellite M2M services is a new trend that is expected to boost the growth of the market over the next few years.
Further, the report states that one of the major challenges in this market is the lack of coordination among the members of the fragmented M2M value chain. The M2M value chain includes manufacturers, connectivity providers, application service providers, service providers, sellers, and re-sellers. Although this extensive value chain supports M2M for its economic growth, the coordination among the value chain members is complex. The interoperability at the level of the hardware, software, and user interface is a major challenge for the M2M market. This adverse effect of the lack of coordination in the value chain prevents operators from offering complete solutions to end-users.
Key vendors dominating this space are:
- AT&T Inc.
- China Mobile Ltd.
- Verizon Communications Inc
- Vodafone Group plc.
Other prominent vendors mentioned in the report are:
- China Telecom Corp.
- Deutsche Telekom AG
- EE Ltd. (Formaly known as Everything Everywhere Ltd.)
- KDDI Corp.
- KT Corp.
- Orange Business Services
- Sprint Corp.
- Telecom Italia SPA
- Telefónica SA
- Telenor ASA
- TeliaSonera AB
- T-Mobile US Inc.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Technical Overview
- Market Landscape
- Market Segmentation by Technology
- Market Segmentation by Verticals
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/cpmgdg/global_m2m
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