Published Date : Jun 19, 2018
Albany, New York, June 19, 2018: MarketResearchReports.biz recently added a new research report about the global M2M services to its online repository. The research report, titled “M2M Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”, provides an in-depth study of the various factors likely to determine the growth of the global market in the coming years. It also offers an explanation of restraints and opportunities present in global M2M services. It evaluates the technological advancements and the opportunities that emerging economies are likely to offer in the forthcoming years.
Research report states that the demand for M2M services is likely to soar in the coming years due to sprawling network of fiber optic cable networks that have drastically improved internet connections. Over the years, this has allowed service providers to offer integrated telecom solutions to several industrial sectors. The market has also benefited from drastic reduction in operational costs as the number of end users has been on a continuous rise.
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On the basis of the organization, the global M2M services market is segmented into large enterprises and SMEs. Out of these, the large enterprises are expected to be the key end users. Analysts predict that the SMEs will soon be critical to the global market as they are show interest in Internet of Things. On the basis of service, the global M2M services market is segmented into connected and data storage services, professional services, and managed services. Out of these, the connected and data storage services segment held a lion’s share in the overall market. The report states that the professional services segment is likely to show fast growth rate in the forthcoming years.
From a geographic point of view, the global M2M services market is segmented into Europe, North America, Asia Pacific, South America, and the Middle East and Africa. Out of these, North America leads the global M2M service market. Strong presence of large enterprises, adaptability to technology, and continuous upgrades to technology have kept the region in the forefront. The research report points out that the region will continue to retain its dominance throughout the forecast years.
The key players operating in the global M2M services market are AT&T, Deutsche Telekom AG, EE LIMITED, AERIS COMMUNICATIONS, INC., Sprint.com, Gemalto NV, PTC, Oracle, Verizon Wireless, and Ericsson AB. The research report provides a detailed reports of the competitive landscape present in the global market M2M services market. It also elucidates the business and marketing strategies being used by these players, their plans for mergers and acquisition, and their financial outlooks. With the help of Porter’s five forces reports the research report explains the threat to the existing players and the opportunities for the new entrants.
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