Cellular M2M Market estimated to grow $11.50 Billion by 2020

(IT-NEWSWIRE.COM, July 17, 2019 ) According to the research report "Cellular M2M Market by Application (Video Surveillance, Fleet Management, Asset Tracking, Theft Recovery and POS), by Service, by User Type, by Vertical & by Region - Global Forecast to 2020", The cellular M2M Value Added Services market size is estimated to grow from USD 3.22 Billion in 2015 to USD 11.50 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 29.0%.

Browse and in-depth TOC on "Cellular M2M Market"
71 - Tables
47- Figures
134 - Pages

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=228633446

Decreasing cost of connectivity applications will drive the adoption of cellular based M2M VAS market.

With the advancement in embedded telematics segment, the wireless connectivity cost has decreased, which has benefitted the fleet owners, heavy equipment manufacturers, and cellular based M2M VAS applications providers. The decreasing connectivity cost has also enabled the emerging vendors to leverage the benefits of wireless M2M solutions and build embedded connectivity modules. With the decreasing connectivity cost, the adoption of cellular M2M Value Added Services applications is increasing across a wide spectrum of commercial industries especially in insurance and automotive sector; even small fleet owners are adopting new cellular M2M Value Added Services applications to ensure safety and security of vehicles and drivers.

Fleet Management market to play key role in the cellular M2M Value Added Services market

Fleet management cellular M2M helps in round the clock monitoring with details about the location, driver, material, and other important information about the vehicles. Fleet management solutions with the help of in-vehicle monitoring systems, provides identification of driving trends, driver behavior, thus reducing the risk of accidents. It uses Global Positioning System (GPS) and Geographic Information System (GIS) for tracking the vehicle and for remotely protecting and receiving real-time information. The GPS and GIS systems also help in tracking and communicating with the cargo ships in real-time, thus enabling secured transportation of freight and cargo. Also, employing a definitive geographical positioning system in the modes of transport to identify geographical locations of the carrier and identifying bottlenecks in real-time minimizes costs and damages.

Asia-Pacific (APAC) is expected to witness the largest traction in the cellular M2M market.

North America is expected to have the largest market share in 2015; however, APAC will grow with the highest CAGR from 2015 to 2020. North America is foremost in deploying cellular M2M Value Added Services mobile apps, which are efficient in securing the digital documents transfer and collaboration among geographically diverse employees or locations. This market is in the growth stage in APAC, Middle East and Africa (MEA), and Latin America, as the communication technologies in these regions have immense scope for enhancement. Moreover, there is a huge return on investment (ROI) in the cellular M2M Value Added Services market, as opportunities for augmented performance are always increasing; hence, communication specialists and leaders continue to visualize more effectively about the need for cellular M2M Value Added Services solutions and services across all the regions.

Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=228633446

The major vendors in the cellular M2M Value Added Services market include AT&T Inc., Verizon Communication, China Mobile Ltd, Vodafone Group PLC, Amdocs, Aeris Communications, Deutsche Telekom AG, Sprint Corporation, Sierra Wireless, Telefonica, and others. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and recent developments associated with the cellular M2M Value Added Services market.

The report segments the cellular M2M market into various sub segments with in-depth analysis and forecasting of revenues. MarketsandMarkets has segmented the global cellular M2M market by application type, user type, service, and region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MnM Blog : https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/cellular-based-m2m-vas.asp

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Cellular M2M Market estimated to grow $11.50 Billion by 2020