MarketResearchReports.biz latest research, new study and forecast on "The M2M, IoT & Wearable Technology Ecosystem:2015 - 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts"
Albany, NY -- (SBWIRE) -- 08/16/2017 -- MarketResearchReports.biz has recently announced the addition of detailed market research report covering the global ecosystem of machine-to-machine (M2M), internet-of-things (IoT), and wearable technology. The report uncovers the growth opportunities, drivers, challenges, strategies adopted by leading vendors operating across these sectors, key business verticals, and forecasts regarding the overall developmental prospects of the M2M, IoT, and wearable technology market from 2015 to 2020. The report is titled "The M2M, IoT & Wearable Technology Ecosystem: 2015 - 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts."
The report states that M2M and wearable devices could help mobile carriers to tap revenues worth nearly US$116 bn through network connectivity requirements by the end of 2020, following an exponential CAGR of nearly 40% over the period between 2015 and 2020.
As revenues from consumer voice and data services lead towards a point of saturation, mobile network providers are increasingly looking into ways of capitalizing on other revenue generation options. Providing network connectivity to machine-to-machine devices such as connected cars, healthcare monitors, smart meters, and digital signage is one of such opportunities that the wireless networking industry is presently eyeing. The rising popularity of smart-devices and connected consumer equipment across the globe, rising investments from public and private bodies towards the development of smart city infrastructures, and rising consumer interest in connected technologies are making the M2M sector a highly promising one for wireless carriers.
The M2M technology offers low average revenue per user/unit to carriers. Despite this, the sector has helped wireless networking companies establish steady streams of revenue generation across a number of end-use areas such as utilities, healthcare, transportation, healthcare, public safety, logistics, automotive, consumer electronics, and retail.
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Monetization of the wearable technology is another key opportunity that wireless carriers are eyeing. Mobile device companies are aggressively investing in the field of wearable devices as a way of offsetting the constantly declining profit margins in their conventional tablets and smartphone markets. Owing to this, the global market has witnessed a flood of a number of smart watches, smart bands, and other varieties of wearable devices capable of sending, gathering, and processing data through mobile applications.
To tap the opportunities that the huge volume of data traffic that these wearable devices produce, wireless data providers are looking into ways of fitting wearable devices with their M2M solutions, targeting both industrial and consumer markets.
The report provides a thorough assessment of the M2M and wearable technologies, and presents insights into investment potential, opportunities in consumer and industrial sectors, use cases of key companies in the market, future growth prospects, and strategic recommendations for companies operating in the ecosystem. Forecasts are provided for shipments of wearable device, M2M modules, M2M connections, and associated submarkets over the period between 2015 and 2020.
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