DUBLIN, March 31, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global M2M Services Market 2017-2021" report to their offering.

The analysts forecast the global M2M services market to grow at a CAGR of 29.37% during the period 2017-2021.

Global M2M Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the M2M services for cellular networks and satellite networks.

Owing to the growing adoption of the Internet of Things (IoT) and M2M services, the demand for innovative M2M platforms to enable new M2M services (such as connected cars and smart homes) is increasing. Also, many small players are entering the global M2M platform market as the entry barriers are low.

According to the report, one of the major drivers for this market is adoption of M2M in supply chain management. M2M technology plays a vital role in the improvement of supply chain processes. M2M services allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles. These services also enable the provision of real-time updates about cargo shipments, reduce the cost to the company, and enhance data security.

The latest trend gaining momentum in the market is M2M platform consolidation. Powerful M2M platforms that fit onto small boards to provide many ports are available. These platforms are compatible with standardized operating systems such as Linux and Android. M2M platform consolidation solutions provide a single and intuitive management platform for all M2M services and solutions. In addition, the solutions help monitor each service closely and consistently to improve the integration between solutions.

Market Dynamics

Market drivers

• Rising demand for improved M2M data communication
• Growing demand for connectivity
• Adoption of M2M in supply chain management
• M2M services for dynamic real-time advertising
• Increased use of POS terminals

Market challenges

• Standardization and policy-related issues
• Presence of hybrid networks
• Issues of integration in security and network in connected vehicles
• Lack of in-house expertise

Market trends

• M2M platform consolidation
• Rise in embedded telematics solutions
• Digital signage in M2M retail industry
• Increased use of analytics in M2M satellite business
• Growing strategic alliances in M2M market

Key vendors

• AT&T
• EE
• Sprint
• Verizon

Other prominent vendors

• Aeris Communications
• Amdocs
• Applied Satellite Technology
• China Mobile
• Comarch
• Digi International
• Ericsson
• Gemalto
• Huawei
• Hughes Network System (EchoStar)
• Jasper Technologies
• KORE Wireless Group
• Novatel Wireless
• Nupoint Systems
• Oracle
• Orange Business Services
• PTC
• Quake Global
• Rogers Communications
• Sierra Wireless
• Tech Mahindra
• Telefonica
• Teliasonera
• Telit
• u-blox
• Wipro

For more information about this report visit http://www.researchandmarkets.com/research/n82hrm/global_m2m

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SOURCE Research and Markets