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Category: Business and Industry
Date Submitted: 03/07/2016 10:06 PM
The Wireless M2M Bible Market Size, Share, Global Trends, Company
Profiles, Demand, Insights, Analysis, Research, Report, Opportunities,
Segmentation and Forecast To 2018
M2M (Machine-to-Machine) technology facilitates communication of data between machines
without human intervention. Wireless M2M is fast gaining recognition owing to diverse
applications like location tracking, remote monitoring, process automation, etc. across various
industry verticals.
Many mobile operators are shifting focus from the saturated traditional markets of voice and data
towards the evolving wireless M2M bible market. M2M connections are also rising on account
of regulations in the automotive safety and energy efficiency space. The European Union (EU)
has introduced a new directive that mandates a smart meter penetration level of 80% towards the
end of 2020. Also, a new rule makes inclusion of automotive safety systems (e.g. eCall) in all
new vehicle models compulsory.
The global wireless M2M bible market is projected to grow at a CAGR of 24% from 2013 to
2018. It will generate revenues worth USD 137 billion by the end of 2018. Key market trends are
cloud based analytics, acquisitions, network security, and impact of LTE (Long-Term
Evolution). Network security services would reach a valuation of USD 1 billion in 2018. This
may be attributed to proliferation of wireless M2M solutions within the critical infrastructure
industry.
To Get More Details @ http://www.radiantinsights.com/research/the-wireless-m2m-bibleopportunities-challenges-strategies-industry-verticals-and-forecasts-2013-2018
M2M software platforms such as ADP (Application Development Platform), CDP (Connected
Device Platform) and AEP (Application Enablement Platform) should be worth USD 5.9 billion
by 2018. This will be driven by higher need for device management, cloud-based data analytics
and diagnostic tools.
Industry verticals are divided into the following categories – logistics; utilities & smart grid;
retail &...