Published Date : Feb 01, 2016
ALBANY, New York, Feb 01, 2016: The advent of machine-to-machine (M2M) communication has enabled data sharing between two machines possible in real time. A report, titled “Global M2M Network Security Market 2015-2019”, recently added to the repertoire of MarketResearchReports.biz provides a comprehensive overview of the global M2M network security market. It provides insights into the factors driving and restraining the global market for M2M communication network security.
Due to the inherent advantages it comes with, M2M technology is touted as the next big thing set to revolutionize how businesses and institutions communicate. Economic, technological, and political factors are coming together to make M2M network security more attractive. With these novel technologies holding the promise of making communication easier than ever before, businesses and institutions are looking to replace their old infrastructures with the latest technologies such as M2M network security. However, implementing M2M comes with its own share of challenges. Deploying this technology is often associated with security concerns threatening the safety of valuable data. The looming IoT and M2M security issues make M2M network security indispensable for organizations.
The sensors attached to the M2M machines capture messages and deliver them through wireless or wired secure network. The data is then received on the other end where the necessary actions are initiated. M2M devices have proven to work efficiently since they are interconnected between hardware devices, embedded software, IT services, and communication services, which ensures efficient management of interconnected devices and remote monitoring.
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The report projects that the global M2M network security market will exhibit an impressive CAGR of 24.5% between 2015 and 2019. M2M networks are not immune to threats affecting other telecommunication networks. Furthermore, cyber warfare tactics aiming to cause breakdown of critical infrastructure pose a real danger, which organizations cannot underestimate.
As machine-to-machine communication continues to play an increasingly important role critical to organizational infrastructure, network security will become indispensable for moving forward. Deploying M2M network security will, therefore, enable organizations to leverage benefits of M2M communication and eliminate the risk of data theft.
The report on the global M2M network security market aims to provide a holistic overview of the market’s prevailing dynamics. It comprises valuable information obtained from trusted industrial sources through in-depth primary and secondary research methods. Data thus sourced is compiled in a coherent chapter-wise format interspersed with relevant graphs, infographs, and statistics.
To study the market’s prevailing competitive landscape and the impact of the same on its growth trajectory, leading enterprises operating therein are profiled. Their financial reports are also referred to for the purpose of the study. Using SWOT reports, the strengths, weaknesses, threats, and opportunities of the companies are weighed out. The effect of Porter’s five forces on the market is also studied in detail.
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