DUBLIN, August 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Mobile M2M Module Market 2016-2020" report to their offering.
The global mobile M2M module market to grow at a CAGR of 21.03% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global mobile M2M module market for 2016-2020. The report has taken into consideration the annual sales of mobile M2M modules. In addition, the report discusses the major drivers that influence the growth of the global mobile M2M module market. The report also includes a discussion of the key vendors operating in this market.
According to the report, favorable government regulations will be a key driver for market growth. Key initiatives taken by government organizations is driving the demand for cellular M2M modules used for M2M communications across numerous industries such as energy, oil and gas, automotive, and healthcare. The impact of government directives is maximum in the automotive sector.
In the EU, a mandate known as eCall was passed by the government in 2013, in which all upcoming car models are to be equipped with emergency call systems, which will send a notification immediately to emergency service providers in the event of an accident. In Brazil, the Contran 245 mandate was passed in 2013, in which stolen vehicles are tracked and recovered with the help of cellular technology. These government regulations have fuelled the demand for automotive M2M modules, which in turn has increased shipments in the automobile sector.
Further, the report states that cross-border security issues will be a challenge for the market. With the rise in threat of terrorism, the global communication network industry is becoming vulnerable to hacking threats, which include spyware or malware in the system. The increased number of cyber security attacks has triggered tension between countries due to accusations related to spying. This significantly dents the growth prospects of M2M modules worldwide. Growing concerns over the security of sensitive data have affected market growth. Nevertheless, the need for M2M module will increase, given their benefits.
- Gemalto NV
- Huawei Technologies Co. Ltd.
- Sierra Wireless Inc.
- Telit Communications SpA
Other prominent vendors
- Novatel Wireless
- Quectel Wireless Solutions
For more information about this report visit http://www.researchandmarkets.com/research/f5pgcs/global_mobile_m2m
Related Topics: Internet of Things and M2M
Laura Wood, Senior Manager
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SOURCE Research and Markets