|By Business Wire||
|May 28, 2014 02:12 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/r8dqkq/global_cellular) has announced the addition of the "Global Cellular M2M VAS Market 2014-2018" report to their offering.
The Global Cellular M2M VAS market will grow at a CAGR of 37.24% over the period 2013-2018.
One of the main drivers in this market is the increasing number of cellular M2M connections. In recent days, the adoption of cellular M2M devices and solutions by individual users has increased rapidly. 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 mobile M2M modules, smart sensors, and software, individual users are increasingly adopting cellular M2M VAS.
In addition, many communication service providers are adopting advanced wireless technologies such as 3G and LTE. These technologies help organizations quickly obtain real-time information, which is a key success factor in their business operations. In addition, the combination of cellular networks and M2M technology enables the Internet of Things to improve the efficiency of organizations by improving speed and accuracy of real-time information without the need for human intervention. Thus, the increased adoption of wireless devices and wireless technologies is driving the growth of the Global Cellular M2M VAS market.
Further, the report states that one of the major challenges in this market is the high cost, complex installation, and operation of M2M devices. Most of the M2M devices and applications are considered as costly, luxury items. They also require skilled people for their installation and maintenance. In addition, most of the M2M applications used for consumer electronics are perceived as difficult to use. Hence, most users who have installed cellular-based M2M devices are not able to use them to their full potential.
The Global Cellular M2M VAS market can be segmented into six major verticals: Automotive, Consumer Electronics, Energy and Utilities, Healthcare, Retail, and Transport and Logistics.
- AT&T Inc.
- China Mobile Ltd.
- Verizon Communications Inc.
- Vodafone Group plc
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst's time when you purchase this market report.
For more information visit http://www.researchandmarkets.com/research/r8dqkq/global_cellular
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