Machine-to-Machine (M2M) Services Market to witness Robust Growth Impetus from Rising Adoption of Connected Vehicle Technologies

Published Date : Sep 03, 2018

ALBANY, New York, Sept 3, 2018 – has announced the addition of a new report titled “Global Machine-to-Machine (M2M) Services Market Professional Survey Report 2018”. The in-depth report on the global machine-to-machine (M2M) services market offers insights into key drivers and restraining factors, prominent opportunities, emerging adoption trends, recent technological landscape, and the prevailing competitive landscape in various regions. The study also looks at research and development activities in key regions that will change the course of the strategic dynamics.

A potential force that led to the rapid evolution of the M2M services market was rapid pace of automation in the manufacturing industry world over. This was squarely fueled by the constant advances in internet technologies. The rising industrial applications of M2M technologies is a notable factor bolstering the expansion of the market. Rapid improvements made in wireless standards in recent years imparted a shot in the arm for the adoption of M2M services, especially in several emerging and developed economies.

The rapid strides being witnessed in the area of internet of things (IoT) is opening new frontiers in M2M communications. The growth is supported by advances in networking and sensors. The market has also benefitted from the extensive application of M2M services in warehouse management and supply chain management. The substantial adoption of advanced cellular technologies in various end-use industries is a notable factor expected to catalyze the growth of the market.

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Over the past few years, the global M2M market has witnessed several exciting frontiers in the automotive and healthcare technologies. Rising research and developments activities on connected cars technologies, especially in developed regions, in recent years are expected to impart a large momentum to the market growth in the coming years. Furthermore, the rising demand for M2M technologies in patient monitoring systems is likely to fuel the demand for M2M services for the healthcare industry, especially in developing and developed economies.

The growing adoption of in-car infotainment technologies is expected to catalyze the demand for M2M services in various parts of the world. The rising initiatives by governments in several countries to support smart cities is a notable trend that might bolster the demand for M2M services.

The global M2M services market is also expected to benefit from the growing collaboration of device manufacturers with system integrators. The growing efforts by players to leverage the potential of M2M mobility will pave way to many an exciting applications in various end-use industries. The presence of advanced telecom infrastructure in developing and developed countries has provided a strong underpinning to the rapid expansion of the market. The presence of several globally prominent players in North America has reinforced the immense profitability of the regional market.

Some of the key players operating in the market are Vodafone, Verizon Wireless, Rogers Communications, Deutsche Telekom, and AT&T Inc.

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