DUBLIN, Feb. 10, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cgb75q/cellular_m2m) has announced the addition of the "Cellular M2M Market by Application (Video Surveillance, Fleet Management, Asset Tracking, Theft Recovery and POS), by Service, by User Type, by Vertical & by Region - Global Forecast to 2020" report to their offering.
The cellular M2M market is estimated to grow from USD 3.22 Billion in 2015 to USD 11.50 Billion by 2020
This market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) of 29.0% because of growing consumer's enthusiasm in wireless connectivity and growing penetration of smartphones across different industry verticals. Also, other significant factors driving this market are decreasing cost of connectivity applications, increase in regulatory compliances, and increased traction for risk assessment and management.
Fleet management application market size is expected to have the largest market share and dominate the cellular M2M market from 2015 to 2020, as the need for integrated communication between sensors is fueling the market to grow. Managed services is expected to play a key role in changing the cellular M2M market landscape and will grow at the highest growth rate during the forecast period as there is an increased need among small and large enterprises to deploy tools to conduct vulnerability assessment and management and enable efficient M2M communication.
Managed services is the fastest-growing service type in the cellular M2M services market as it benefits organizations with a foolproof roadmap to conduct risk assessment of vital capital projects and deploy effective counter-measures in case of an emergency situation as well as provide business consulting. Managed M2M services consists of mobile device management, connectivity and subscription management, data stream mediation and management, portals, cloud storage and advanced analytics services. These services also provide end-to-end security services, such as managed threat monitoring and vulnerability assessment, managed network security services, and SCADA security.
The cellular based M2M VAS applications are being increasingly adopted in various verticals, such as Energy and Utilities, Automotive, and Retail, which have led to the growth of the market across the globe. The energy and utilities sector is expected to grow with the highest rate from 2015 to 2020.
North America is expected to have the largest market share and dominate the cellular M2M market from 2015 to 2020. The faster adoption rates will streamline business operations in North America. APAC offers potential growth opportunities, as there is rise in Bring Your Own Device (BYOD) adoption among SMBs and enterprises to enhance privacy risk management and improve business continuity management.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Cellular M2M Market Overview
6 Industry Trends
7 Cellular M2M Market Analysis, By Application
8 Cellular M2M Market Analysis, By Service
9 Cellular M2M Market Analysis, By User Type
10 Cellular M2M Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Aeris Communications - Amdocs Inc. - At&T Inc. - China Mobile Limited - Deutsche Telekom AG - Sierra Wireless - Sprint Corporation - Telefónica S.A. - Verizon Communication Inc. - Vodafone Group PLC.
For more information visit http://www.researchandmarkets.com/research/cgb75q/cellular_m2m
Media Contact:
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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