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October 2018, The global M2M Wireless Network Services Market is
expected to witness significant CAGR over the forecast period. These services
provide uninterrupted communication among two or more machines. Upward trends
such as Bring Your Own Device (BYOD) and Internet of Things (IoT) are
anticipated to boost demand for these networks in near future.
Mobile
network operators are looking for alternative means to earn more revenue.
Global telecom industry is finding new revenue generation opportunities with
the advent of digitization and a rising mobile subscription base. This is
anticipated to positively influence adoption of these services in near future.
New financial gain opportunities for mobile network operators are expected to
fuel the global market in the forthcoming years.
A
subscriber base of more than five billion makes telecom one of the largest
industries. However, even the increasing client base has failed to increase
revenue for telecom operators due to the presence of intense competition.
Constant pressure of competitive price drops is expected to challenge growth of
the global telecom industry over the forecast period. This factor is poised to
play a crucial role in expansion of the market for machine to machine cellular
networks.
Rapid
growth of cloud computing is anticipated to drive demand over the forecast
period. Also, increasing use of smartphones is expected to impel demand for
cellular services. High penetration of smartphones across the world is
anticipated to create growth opportunities for key market players during the forecast
period. Availability of fast connection between end-to-end devices, coupled
with higher broadband usage, is also expected to drive their adoption. Low cost
of and power consumption by wireless services are anticipated to further fuel
growth.
Customers
are gradually shifting from voice services to data services as a consequence of
technological developments. Increasing M2M services have contributed to rise in
data traffic. Both these factors are expected to boost market in near future.
Presently, customers are ready to shell out higher prices to avail improved
offerings suitable for their individual requirements. Existing telecom
infrastructure and coverage are expected to drive adoption of value added data
services over the next few years. Moreover, proliferation of government
standards and regulations and increased number of value added services are
expected to fuel industry demand over the forecast period.
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Growth
in digital content and requirement for digital content management are anticipated
to boost revenue growth over the forecast period. Alliances across hardware and
software specialists, analytics software, communication hardware, and mobile
operators are expected to favor industry growth. Reducing cost of wireless
bandwidth and hardware will drive industry growth over the forecast period.
However, B2C and B2B applications are expected to drive cellular machine to
machine market in near future.
M2M
solutions require connectivity, maintenance, data hosting, software updates,
and additional services running simultaneously to deliver complete solutions to
end users. Therefore, maintaining coordination among all the members of M2M
value chain is one of the key challenges for market growth. Absence of
communication infrastructure may also hamper demand over the forecast period.
However, rising adoption of mobile technology is expected to drive growth.
Moreover, adoption of emerging next generation technologies is also expected to
boost demand for wireless network solutions.
North
America, Asia Pacific, Middle East and Africa, Europe, and Latin America are
major regions in global market. North America is anticipated to witness the
highest market growth in terms of revenue over the forecast period. It is also
expected to observe maximum growth followed by Asia Pacific and Europe. Stern
government regulations to protect environment are projected to drive regional
growth. Many companies are adopting green technologies to reduce power
consumption and wastage. Significant rise in adoption of M2M wireless networks
in countries Japan, U.K., and U.S. is anticipated to further fuel market
development over the forecast period.
Key
players operating in the M2M wireless network services market include Verizon,
China Mobile, Vodafone, and AT&T. Other prominent companies include
T-Mobile, Telenor, China Telecom, KPN, Orange, Sprint, Deutsche Telekom AG, and
Telefonica. The companies are making R&D investment to provide consistent
speed, capacity, and reliability across different regional markets. Adoption of
numerous innovative technologies such as antenna beam forming and carrier
aggregation are projected to provide fillip to adoption.
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