M2M Satellite Communication Market Offers Solutions in Diverse Verticals
In 1995, General Motors came out with OnStar, which is an in-car communications system. This was one of the major wireless machine-to-machine (M2M) technologies. In 2009, a major development in the field of M2M took place with the partnership between AT&T and Jasper Wireless to jointly develop M2M devices. The nationwide wireless network of AT&T combined with Jasper Wireless’ global service platform provided customers with a complete connectivity solution. A few technological partnerships also came about in 2010 which include the strategic association between Vodafone, Verizon Wireless, and nPhase to offer global M2M solutions. The following year brought about another alliance between Ford Motor Company and AT&T for connectivity for its upcoming electric car “Ford Focus Electric.” This technology would allow the car owners to send and receive data related to the car from anywhere in the world.
The M2M market is currently growing in various vertical markets. There is a huge potential in the growth of horizontals, networks, devices, architecture and processes, which is still not exploited completely. Also, there are a large number of potential connected devices. New technological advancements related to satellite will raise the number of applications across the verticals such as energy and utilities, oil and gas, automobile and telecommunication, transportation and logistics, mining, maritime, agriculture, public affairs, and healthcare.
The M2M satellite communication market is diverse and offers solutions in diverse verticals. Due to its rapid evolution, this industry is expected to experience chaos. Security is a major concern in the implementation and maintenance of M2M operations. Also, with the involvement of a lot of partners in the M2M ecosystem, security is vital.
In terms of regions, the North America market has the largest market size for overall M2M satellite communication market by types. Europe is the second largest contributor in the M2M satellite communication market, and out of the various regional markets, Asia Pacific is expected to exhibit the highest growth rate.
Related Reports:
M2M Satellite Communication Market [VSAT, AIS, Satellite Telemetry, Satellite Modems, Gateways, Managed Services, Business Services, and Broadband Services] - Worldwide Market Forecast and Analysis (2014 - 2019)
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