Markets and Markets : M2M Satellite Communication Market worth $4,763.4 Million by 2019
(M2 PressWIRE Via Acquire Media NewsEdge) MarketsandMarkets recently conducted a study on the "M2M Satellite Communication Market [VSAT, AIS, Satellite Telemetry, Satellite Modems, Gateways,
Managed Services, Business Services, and Broadband Services] - Worldwide Market Forecast and Analysis (2014 - 2019)", which analyzed and studied the major
market drivers, restraints, and opportunities in North America (NA), Europe (EU), Middle East and Africa (MEA), Asia Pacific (including Japan; APAC), and
Latin America (LA).
Browse more than 84 market data tables with 28 figures spread through 193 pages and in-depth TOC on "M2M Satellite Communication Market [VSAT, AIS, Satellite
Telemetry, Satellite Modems, Gateways, Managed Services, Business Services, and Broadband Services] - Worldwide Market Forecast and Analysis (2014 - 2019)"
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The study reports that the global M2M satellite communication market is expected to grow from $2,983.4 million in 2014 to $4,763.4 million by 2019, at an
estimated compound annual growth rate (CAGR) of 9.8% from 2014 to 2019.
Increasing data communication need, rising M2M applications, and fast return on investments is leading to the creation of more and more avenues for M2M
satellite market. With the advent of cloud applications in almost every other vertical, M2M satellite communications can offer enormous oppurtunities for the
development of such solutions and services. Indeed, the application of M2M satellite communication across different verticals has created lots of
opportunities for cloud-based solution providers. This report highlights the various services, such as managed services, broadband services, and business
It has its presence across verticals such as automobiles and telecommunication, transportation and logistics, oil and gas, energy and utilities, mining,
maritime, agriculture, public affairs, and healthcare. Transportation and Logistics has the major market share in the vertical and is expected to grow in the
forecast period. Out of all the regions, NA is the largest revenue generator for services in the M2M satellite communication market. APAC is expected to show
a significant rise in the revenues because of the budding inter- and intra-Asian trade that exists between different countries of Asia.
The report also draws the competitive landscape of the M2M satellite communication market, providing an in-depth comparative analysis of the technological
and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in
the global M2M satellite communication market are reduction in subscriber costs, reduction in network latency, and introduction of new features. Some of the
major players in this market are ORBCOMM, Iridium, Inmarsat, Oracle, Orange, and KORE Telematics.
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