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Technavio’s research analyst predicts the global M2M services market in the retail industry to grow steadily at a CAGR of almost 34% during the forecast period. The rise in the adoption of retail security systems is the primary growth driver for this market. M2M security systems in the retail segment play a crucial role by preventing unaccounted and accidental losses of inventory. These systems detect intrusion and shoplifting, deal with fires and explosions, and manage a wide variety of access authorizations.
Another trend that is driving the growth of the M2M services market in the retail industry is the rising adoption of M2M services in supply chain management. M2M services allow enterprises to improve their existing supply chain processes by facilitating the remote monitoring of vehicles. The adoption of these services in supply chain management is on the rise as it enables facilities such as inventory level monitoring, fleet tracking, event-based monitoring, and inventory condition monitoring.
The POS terminals segment led the M2M services market in the retail industry and accounted for almost 87% of the market share during 2015. Increasing adoption of these devices helps retailers in bridging the gap between the online and offline shopping experiences by delivering engaged in-store experiences for customers using app data.
The Americas occupied the largest share of the M2M services market in the retail industry and accounted for nearly 50% during 2015. The US generated the maximum revenue in this region. The increasing adoption of POS and M2M services among supermarket retailers, restaurants, and hotel owners, and small and medium-sized retailers are the major drivers for the growth of this region.
The global M2M services market in the retail industry is highly competitive as major players as well as new entrants are increasingly focusing towards providing M2M services in the retail sector. The reason for this shift is the high adoption of POS terminals, ATMs, vending machines, and smart meters among government agencies, retailers, financial institutions, and enterprises.
The leading vendors in the market are -
Other prominent vendors in the market include Cantaloupe Systems, Carriots, CCV, Coinco, cStar Technologies, CyberNet, e2Solutions, FARA, FAS International, Happiest Minds, Indra, INIT, Jofemar, JT Wholesale, M2M Connectivity, Margento, MEI, Metric Group, Microtronic, MobiquiThings, N&W Global Vending, Nayax, Orange Business Services, ParkMe, Podsystem, POM, POSUnlimited, Robustel, Royal Vendors, Siemens, Singtel, Smarcom, USA Technologies, VendScreen, Vianet, Vix, Wittern Group, and Zazoo.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by connections
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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