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Technavio Says Favourable Government Regulations Will Spur Growth in the Global M2M Platform Market by 2019Technavio has published a new report on the global M2M platform market, which is expected to grow at a CAGR of more than 21% from 2015-2019. About the Report According to the latest report by Technavio, government organizations worldwide are taking initiatives to drive the demand for cellular M2M modules that are used for M2M communications across the automotive, energy, and healthcare industries, which in turn positively affect the profitability of vendors. "Favorable government regulations have increased the shipment of M2M modules in the automotive sector, which in turn will fuel the growth of the M2M platform market," says Faisal Ghaus, Vice President of Technavio. The new Technavio report also emphasizes the increasing adoption of cloud based M2M platforms among mobile network operators (MNOs), as it helps reduce capital expenditure and time-to-market for their product and service launches. "Axeda and Jasper Wireless (News - Alert) joined forces and adopted M2M cloud-based strategies that help MNOs manage the services offered to customers and maximize their revenue," says Ghaus. Market Scope and Calculation of Market Size The new Technavio report covers the present scenario and te growth prospects of the global M2M platform market from 2015-2019. To calculate the market size, the report considers revenue generated from the following:
Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the M2M market:
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150630005089/en/ |
