Albany, NY, March 30, 2016 (GLOBE NEWSWIRE) -- The report offers an in-depth assessment of the M2M and wearable technology market, its drivers, opportunities, challenges, investment potential, and strategic recommendations based on current trends. It also carries out a detailed analysis of over 450 leading companies in the M2M and wearable technology market. The report is thus helpful for interested individuals and enterprises wishing to invest in the market, by enabling them to make timely decisions.
The report answers some of the major questions and doubts regarding the market such as the estimated size of the market in 2020, the key applications of M2M and wearable technology, the value chain structure, and also the geographical regions and industrial verticals having the highest potential to grow in the forthcoming years. The report assesses the use cases for consumers, utilities, transportation, healthcare, retail, hospitality, military, public safety, and automotive verticals. The study also contains deployment case studies of the M2M and wearable technology. The report is thus valuable and provides a future roadmap and assessment of the M2M and wearable technology market.
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M2M devices are nothing but machine to machine devices such as digital signage, healthcare monitors, connected cars, and smart meters. Wireless carriers are used to connect these devices and have helped establish stable revenue across verticals including healthcare, automotive, logistics, public safety, and many more.
The market is flooded with a wide variety of wearable technology such as smart watches, smart bands, and various other such devices possessing an ability to collect, send, and process data. Thus, there have been many wireless carriers seeking opportunities to gain high volumes of traffic from these wearable devices and are now striving to fit wearable technology along with their M2M offerings. This combined offering ensures both the consumers and the vertical markets are targeted. According to the report, M2M and wearable devices can help carriers to account for US$116 bn in network connectivity revenue by the end of 2020, exhibiting a stupendous CAGR of over 40% between 2015 and 2020.
Mobile device OEMs are rapidly investing in wearable devices so as to recover their declining margins of traditional smartphone and tablet markets. Thus, there has been a growth in the M2M and wearable devices market.
Browse Report description and TOC:
Some of the key companies that are studied in the report are: Batelco, Bayan Telecommunications, ARM Holdings, Archos, Asiaspace, BMW, Bosch, Casio, VHA, CDG, Vodafone, Clearwire, Dell, Deloitte, Diesel, DKNY, eDevice, EuroTech, FitBark, H3G, Pebble, Halebop, HP, HSBC, Imagination Technologies, IEEE, Huawei, Mad Apparel, Marvell, Maxis, Wind, Vox, Sony, Wearable Intelligence, Neptune, Unitel, True Move, Nokia, NVIDIA, OMG Life, Pepsi, Philips, Reliance, Razer, T.Ware, Telenet, Three Italia, T-Mobile US, and Wipro.
The M2M & IoT Ecosystem: 2015 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts
Research estimates that global spending on M2M and IoT technologies will reach nearly $250 Billion by 2020, driven by a host of vertical market applications including but not limited to connected car services, remote asset tracking, healthcare monitoring, smart metering, digital signage, home automation and intelligent buildings. The installed base of M2M connections will grow at a CAGR of nearly 30% between 2015 and 2020, eventually accounting for over 10 Billion connections worldwide.
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