DUBLIN, Nov. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/l556th/m2m_satellite) has announced the addition of the "M2M Satellite Communication Market by Technology (Satellite Telemetry, VSAT, AIS), Communication Network Device (Satellite IP Terminals, Satellite Modems, Gateways), Service (Managed Service, Data), Vertical, Region - Global Forecast to 2020" report to their offering.
The M2M satellite communication market to grow from USD 3.36 Billion in 2015 to USD 5.91 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period.
In the years to come, M2M satellite communication solution providers are likely to focus on reducing the cost associated with bandwidth and network devices along with offering superior value added services to users. At present, M2M satellite communications solutions lack adaptability with existing infrastructure such as terminals which acts as a restraint for this market to grow. Thus solutions vendors intend to offer interoperable solutions that are compatible with diverse devices.
The major driving force for the M2M satellite communications market is the growing need for enriched data communication. Today, companies are focusing on the satellite networks for asset tracking and management in unmanned areas to increase their productivity. Over the years, the maritime and aviation industry verticals have been increasingly adopting the solution as it is imperative for these companies to monitor and manage their remote assets where cellular network outages are frequent. Considering this, the report further helps to identify the latest patterns and trends intensifying the growth of the M2M satellite communication market across all regions.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global M2M Satellite Communication Market Analysis, By Technology
8 Global M2M Satellite Communication Market Analysis, By Communication Network Device
9 Global M2M Satellite Communication Market Analysis, By Service
10 Global M2M Satellite Communication Market Analysis, By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Globalstar, Inc - Hughes Network System Llc - Inmarsat Communications, Inc - Iridium Communications, Inc - Kore Telematics - Orange S.A. - Orbcomm, Inc - Rogers Communications, Inc - Teliasonera AB - Viasat
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SOURCE Research and Markets