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Global Machine-to-Machine (M2M) Connections Market to Reach $27.6 Billion by 2023: Analysis by Technology, Industry & Geography - Research and MarketsThe "Machine-to-Machine (M2M) Connections Market - Global Forecast to 2023" report has been added to Research and Markets' offering. According to the new market research report on machine-to-machine connections, this market is expected to be worth USD 27.62 billion by 2023, growing at a CAGR of 4.6% from 2017 to 2023. The growth of the M2M connections market can be attributed to the growing penetration of the Internet, favorable regulatory mandates, increasing M2M connections among various industry verticals, and growing adoption of 4G/LTE (News - Alert) cellular technologies. However, the lack of standardization in connectivity protocols is hindering the growth of the M2M connections market. The market for wireless technologies is expected to witness the highest CAGR from 2017 to 2023. This is mainly because wireless connectivity offers various advantages over wired connectivity such as increased mobility and collaboration, improved responsiveness, better access to information, easier network expansion, and enhanced guest access. The automotive and transportation sector held the largest share of the M2M connections market comared to other end-user industries in 2016. The increase in the demand for embedded telematics in cars and Wi-Fi-based GPS trackers for remote fleet monitoring, coupled with Bluetooth in-car connectivity for vehicle infotainment, is expected to drive the growth of the wireless M2M connections market for the automotive and transportation end-user industry. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 M2M Connections Market, By Technology 7 M2M Connections Market, By End-User Industry 8 Geographic Analysis 9 Competitive Landscape 10 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/6pct3g/machinetomachine View source version on businesswire.com: http://www.businesswire.com/news/home/20170719005794/en/ |
