Press release
Global Cellular M2M Value-Added Services (VAS) Market Expected to Grow at a CAGR of 40.64% during 2017-2021
Market Research HUB
Technavios analysts forecast the global cellular M2M value-added services market to grow at a CAGR of 40.64% during the period 2017-2021.
The growing demand for connectivity will be one of the primary drivers for the market’s growth in the coming years. The need for connectivity is rising rapidly and this is inducing M2M service operators to enable a capable cellular and satellite network infrastructure. The aviation sector is highly reliant on the SatCom connectivity for automated flight operations and on-board Wi-Fi or mobile usage to cater to the increasing customer demand. Additionally, there is also a rise in the installation and deployment of satellite terminals such as IP Voyager on any vehicle with its own tracking antenna to track satellite signals during movement. This increasing demand for connectivity will significantly fuel the growth of the cellular M2M VAS market.
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One of the latest trends that will gain traction in the cellular M2M VAS market is the adoption of digital signage in the M2M retail sector. M2M-based digital signage is used by retailers across the globe to offer users with vital information about their new product launches, the latest additions to product lines, and discounts. M2M-based digital signage is used to improve customer engagement by sending targeted advertisements based on customer information, including location, gender, and age. Additionally, the M2M-based digital signage also provides information on a real-time basis and offers better features than traditional print-based displays.
The report covers the present scenario and the growth prospects of the global cellular M2M value-added services (VAS) market for 2017-2021. To calculate the market size, the report considers the M2M VAS revenue has been considered from cellular networks only. Cellular networks include 2G, 3G, and 4G/LTE networks. It also includes the M2M VAS revenue from managed service providers and professional service providers. The M2M VAS revenue from consumer electronics, automotive, transportation and logistics, healthcare, energy and utilities, as well as retail is also included.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Cellular M2M Value-Added Services (VAS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
AT&T
Sprint
Verizon
Vodafone
Other prominent vendors
Amdocs
China Mobile
China Telecom
Digi International
Gemalto
KDDI
Numerex
Orange Business Services
Sierra Wireless
Rogers Communications
Tech Mahindra
Telefnica
Telenor
Telit
T-MOBILE USA
Market driver
Declining cost of connectivity applications
For a full, detailed list, view our report
Market challenge
Lack of in-house expertise
For a full, detailed list, view our report
Market trend
Growth of the automotive industry by leveraging 5G technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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