There has been a widespread progression in terrestrial, wireless, and satellite networks across the globe in the past two decades, developing the platform for Machine-to-Machine (M2M) equipment and applications for benefitting from these prevalent networks. M2M satellite communication solutions are being expansively used for telemetry, remote monitoring, logistical tracking, safety, and scientific monitoring, across diverse verticals such as maritime, aviation, and agriculture among others. Moreover, the emergence of M2M satellite communication has helped organizations track their remote assets and workforce without human intervention, utilizing the satellite networks and exhibits large potential.
Currently, the satellite systems are not suitable enough to cater to the enormous user base comprising low-cost devices, with low-bandwidth needs and large cost and energy constrictions. However, these satellite systems offer exclusive benefits in terms of cross-border coverage, accessibility, and safeguarding of the ongoing communication.
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 interoperable 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.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.
The report will help the market leaders/new entrants in this market in the following ways:
- This report segments the M2M satellite communication market into technology, communication and network devices and services covering this market comprehensively.
- This report will help the organizations to better understand the competitors and gain more insights to better position one’s business. There is a separate section on competitive landscape, including end user analysis, mergers and acquisitions, and venture capital funding.
- The report helps the organizations to understand the pulse of the market. It provides information on key market drivers, restraints, and opportunities.