Global M2M Services market to grow at a CAGR of 24.27% over the period 2014-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global M2M Services market to grow at a CAGR of 24.27% over the period 2014-2019. M2M is a technology that enables communication through wired and wireless technology. The exchange of information takes place between machines and devices or sensors. It is used in various industries such as Healthcare, Automotive, Oil and Gas, Transportation, Public Safety, and Retail for improving operational functioning, enhancing productivity, and reducing costs. It is widely used in connected health, connected car, smart metering, fleet tracking, intelligent buildings, and POS terminals. It is used to monitor the condition of patients in real time, manage machines from a remote location, and can easily identify critical situations.
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The latest report draws attention towards increased use of M2M services in the automotive industry. Connected car M2M services are generally used for accessing emergency services, vehicle diagnostics and tracking a car's location in the event of vehicle theft, which has increased demand for these applications significantly over the past few years.
"Increased awareness among vehicle owners about safety is expected to fuel the growth of the Global M2M Services Market during the forecast period,".
"Additionally, M2M services are expected to help people save a considerable amount on fuel."
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Covered in this Report
The Global M2M Services market can be segmented on the basis of technology, verticals, and geography. On the basis of technology, the Global M2M Services market can be classified into three major segments based on technology: Cellular, Fixed, and Satellite. On the basis of verticals, the market is segmented into six major segments: Consumer Electronics, Automotive, Healthcare, Energy and Utilities, Transport and Logistics, Manufacturing, and Others. The Others segment includes verticals such as consumer goods, financial services, public services, security, and retail.
Global M2M Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the Global M2M Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The new report also emphasizes evolving M2M technology, which plays a pivotal role in the improvement of supply chain processes. M2M services allow companies to improve their existing supply chain processes by enabling the remote monitoring of vehicles.
"M2M services play an important role in tackling supply chain challenges and help in improving overall efficiency, which boosts profits,"