Global Cellular M2M Connections and Services Market to Register 29.98% CAGR 2016-2020 due to Growing Use of POS Terminals


Published Date : Aug 01, 2016

ALBANY, NY, Aug 01, 2016: A new market research report, titled “Global Cellular M2M Connections and Services Market 2016-2020,” has been added by MarketResearchReports.biz to its vast database of research studies. The 67-page research study provides a comprehensive reports of the market, providing insights into the product segmentation, key geographical segments, drivers, barriers, opportunities, and the market’s competitive landscape. As per the research study, the global market for cellular M2M connections and services is estimated to exhibit a remarkable 29.98% CAGR between 2016 and 2020.

The growing use of POS terminals is one of the prominent factors projected to fuel the growth of the global cellular M2M connections and services market in the next few years. Moreover, the consolidation of M2M platforms is estimated to create potential opportunities for the key players operating in the market. However, the network and security integration issues in connected vehicles are some of the key challenges that are estimated to curb the growth of the market in the near future.

The global market for cellular M2M connections and services has been divided on the basis of end use into healthcare, consumer electronics, energy and utilities, manufacturing, transport and logistics, and automotive. According to the research study, the energy and utilities segment is anticipated to grow at a fast pace and lead the overall market in the next few years. The adoption of M2M technology in utilities is anticipated to enhance the efficiency of the system and save energy by averting losses. Moreover, the deployment of smart meters and intelligent grid management is projected to bolster the growth of this segment through the forecast period.

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The cellular M2M connections and services market has been classified on the basis of geography into the Americas, EMEA, and APAC. Among these, the Americas are projected to grow at a fast pace, registering an impressive 35% CAGR between 2016 and 2020. The rapid growth of this region can be attributed to the large-scale deployment of the LTE network infrastructure in the last few years. In addition, the implementation of fleet management and remote monitoring solutions is projected to contribute extensively towards the growth of the cellular M2M connections and services market worldwide.

Furthermore, the research report analyzes the key players operating in the global market for cellular M2M connections and services and throws light on the market’s competitive scenario. The leading players in the global market include Sprint, EE, AT&T, China Telecom, and Verizon Communications. The company profiles, inception details, business strategies, product segmentation, financial status, SWOT reports, and recent developments are presented in the research study. Some of the other prominent players included in the research study are Novatel Wireless, Amdocs, Huawei, u-blox, Digi international, Kore Wireless Group, Rogers Communications, Gemalto, and Ericsson.

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