M2M Software and Services Market in IIoT in SEA and ANZ, new analysis from Frost & Sullivan's Industrial Automation & Process Control Growth Partnership Service program, reveals that the automotive vertical contributes the highest to M2M software and services market revenues at 35 per cent, while another 10 per cent is from the foods/beverages and chemicals/petrochemicals segments. Distributors and value-added resellers will soon replace direct sales and dominate the value chain to ensure end-to-end service delivery, steering the market towards a compounded annual growth rate (CAGR) of 17.2 per cent during 2015-2020.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.
As factories see benefits in terms of savings, improved transparency and control over processes, and higher resource optimization, IIoT will gain traction and universal standards will be put in place. In the automotive industry, there is high demand for M2M technologies that will alert emergency services in the event of an accident. Such trends will garner interest from connectivity service providers, encouraging collaboration.
"Innovation and foresight will be vital while developing technologies as success requires that systems be easily deployable and yield a reasonable return on investment," noted Ramanathan. "Data analytics, which is integral to M2M, will be a game changer in the industry to generate high stakeholder value through improved inventory management and asset monitoring."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
M2M Software and Services Market in IIoT in SEA and ANZ
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/m2m-technologies-multiply-iiot-growth-opportunities-in-sea-australia-and-new-zealand-300391683.html
SOURCE Frost & Sullivan