M2M Satellite Communication Market : Global Analysis By Key Players – ORBCOMM, Kore Telematics, Inmarsat, Globalstar, Iridium, Rogers Communication, TeliaSonera, Hughes network systems, Orange, and ViaSat

Global M2M Satellite Communication Market Overview:

M2M Satellite Communication can be defined as a process where data is transmitted through satellite networks from remote locations and allows user to respond to the information received. M2M Communication based satellite correspondence has energized organizations to grow their market reach all around, without facing any communication delays and problems. The market providers have started deploying services in the cloud, which has increased the usage of M2M satellite communication globally. The Global M2M Satellite Communication Market was valued at USD 3.36 billion in 2015 and anticipated to grow at a CAGR of approximately 11.9%, to attain USD 5.91 billion by 2020.

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Drivers and Restraints:
M2M Satellite Communication technologies have been adopted extensively by enterprises across various industry verticals. This industry verticals such as oil and gas, and aviation, including many organizations that work at remote areas. Such remote locations lack of proper communication facilities, and employees working here also need high-speed communication networks for the swift transmission of important information. It has given increase to the need of M2M-based satellite communication among enterprises. The rise in the demand for solutions that can help in vehicle tracking, asset monitoring, and fleet management is also influencing organizations to implement M2M satellite technology within their businesses. The problem of poor network facilities in some parts of the world affects the working of an organization in that area as it becomes less acquainted with current market situations and also faces difficulties in communicating with clients. This rises the usage of M2M satellite communication services among organizations for the smooth business operations.

Beside the changing technological scenario, enterprises are demanding advanced communication solutions so that they can achieve market expansion along with increased profit margin. Furthermore, the development of expansive applications of M2M satellite communications by service providers, and the low cost involved in integration of satellite into an existing M2M system are driving the development of the M2M satellite communication market. Nevertheless, the lack of awareness among users and lack of infrastructure to support diverse devices are acting as restraints in the growth of this market.

Geographic Segmentation:
Geographically, it can be partitioned into regions like North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is the largest contributor to the Global M2M Satellite Communication Market, followed by Europe. Some of the key players in the market such as ORBCOMM, Kore Telematics, Inmarsat, Globalstar, Iridium, Rogers Communication, TeliaSonera, Hughes network systems, Orange, and ViaSat are offering advance technological solutions to various enterprises.

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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