Global Cellular M2M Connections and Services Market 2016-2020

Overview of the global cellular M2M connections and services market

Technavio’s market research analysts predict the global cellular M2M connections market to grow at a high CAGR of around 30% by 2020. Also, they have predicted the global cellular M2M services market to grow at an impressive CAGR of more than 33% during the forecast period. M2M services play a critical role in the improvement of supply chain processes such as inventory level monitoring, fleet tracking, event-based monitoring, and inventory condition monitoring. M2M services allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles through real-time updates about cargo shipments. Growing adoption of M2M in tackling supply chain challenges will propel growth in this market during the forecast period.

One of the interesting trends gaining traction in this market is the M2M platform consolidation. M2M platform consolidation solutions offer a single and intuitive management platform for all M2M services and solutions. Moreover, the solutions help in the close monitoring of each service to improve the integration between solutions. As the M2M platform consolidation solutions accelerate the development of new M2M solutions, this will enhance the growth prospects of the market in the coming years.

Segmentation by industry and analysis of cellular M2M connections and services market

• Consumer electronics
• Automotive
• Transport & Logistics
• Healthcare
• Energy and Utilities
• Manufacturing