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DUBLIN, IRELAND --(Marketwired - February 24, 2016) - Research and Markets has announced the addition of the "M2M Satellite Communication Market -- Global Forecast to 2020" report to their offering.
The M2M satellite communication market is expected to grow from $3.36 Billion in 2015 to $5.91 Billion by 2020, at a CAGR of 11.9% during the forecast period.
In the years to come, M2M satellite communication solution providers are likely to focus on reducing the cost associated with bandwidth and network devices along with offering superior value added services to users. At present, M2M satellite communications solutions lack adaptability with existing infrastructure such as terminals which acts as a restraint for this market to grow. Thus solutions vendors intend to offer inter-operable solutions that are compatible with diverse devices.
The major driving force for the M2M satellite communications market is the growing need for enriched data communication. Today, companies are focusing on the satellite networks for asset tracking and management in unmanned areas to increase their productivity.
Over the years, the maritime and aviation industry verticals have been increasingly adopting the solution as it is imperative for these companies to monitor and manage their remote assets where cellular network outages are frequent. Considering this, the report further helps to identify the latest patterns and trends intensifying the growth of the M2M satellite communication market across all regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global M2M Satellite Communication Market Analysis, By Technology
8 Global M2M Satellite Communication Market Analysis, By Communication Network Device
9 Global M2M Satellite Communication Market Analysis, By Service
10 Global M2M Satellite Communication Market Analysis, By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/mh4pws/m2m_satellite.
Sector: Internet of Things
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