DUBLIN, June 23, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4qwzdz/machine_to) has announced the addition of the "Machine to Machine (M2M) Market in China 2015-2019" report to their offering.
The M2M market in China to grow at a CAGR of 26.2% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the M2M market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from the M2M managed software licenses, applications, services, support, and maintenance.
The increased demand for the IoT in China is one of the key trends being witnessed in the market. In the past few years, many large- and medium-sized organizations have adopted the IoT and invested in wireless technology, fixed networks, sensors, computer systems, and applications. This technology creates new ways for companies to enrich their services, gain customer insights, increase efficiency, and differentiate themselves.
According to the report, an increase in the number of connected devices is a major factor driving market growth. These devices are mostly sensors, remote monitoring devices, and aggregation devices used in M2M. This includes tablets, e-readers, and mobile broadband devices. With advances in technology and increased connectivity, the number of devices that can be connected is increasing rapidly.
Further, the report states that the lack of enforced standardization by the government around offering or customizing M2M applications curtails market growth. Currently, the government is trying to establish regulations to control the development and application of M2M, which is imperative for market growth.
The report also includes the connections in use. It also includes the revenue generated from:
- Satellite M2M applications
- Cellular M2M applications
- China Mobile
- China Telecom
- Deutsche Telekom
Other prominent vendors
- Bosch Software Innovations
- China Unicom
- Cisco Systems
- JDS Uniphase
- Sierra Wireless
- Telenor Objects
For more information visit http://www.researchandmarkets.com/research/4qwzdz/machine_to
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets