Global M2M Network Security Market 2017-2021

Overview of the global M2M network security market

According to Technavio’s analyst, the global M2M network security market is anticipated to grow rapidly and post a CAGR of close to 27% during the forecast period. The increasing number of deployment of long-term evolution (LTE) wireless broadband will drive the growth prospects for the global M2M network security market until the end of 2021. With the growing need for applications such as automotive infotainment, video surveillance, and emergency services, the demand for higher bandwidth and speed also increases. As a result, the demand for 3G and 4G LTE service and the large-scale deployment of LTE networks increases, which, in turn, will fuel the growth of the M2M network security market. In addition, the market is witnessing a high requirement for low-cost LTE modules in developing countries due to the growing penetration of LTE and the increased demand for high-speed internet connection among consumers and enterprises. Consequently, the number of investments on M2M network security will also increase in the coming years.

The increasing demand for M2M in consumer electronics will drive the growth prospects for the global M2M network security market for the next four years. The increasing use of M2M in consumer electronics results in the growing demand for gadgets and devices, which enable access to the internet for easy data transmission. In addition, to ensure secure data transmission, the demand for M2M network security solutions will further increase.

Competitive landscape and key vendors