Friday 15 May 2015, Amsterdam
The report recognizes the following companies as the key players in M2M Services Market in Retail Industry in the US 2015-2019: AT&T, Rogers Communications, Verizon Communications and Vodafone Group
Other Prominent Vendors in the market are: Apriva, Atos Worldline, Automated Merchandising Systems, Cantaloupe Systems, Coinco, Contour Networks, Crane, cStar Technologies, Cubic Transportation Systems, CyberNet, Diebold, Digi International, Duncan Solutions, Ingenico, INIT, IPS Group, Jofemar, MacKay Meters, Metric Group, Microtronic, Nayax, NCR, OptConnect, PAX Technology, Royal Vendors, Sandenvendo, Scheidt & Bachmann, Seaga, Siemens, Smarcom, Thales, USA Technologies, VendScreen, VeriFone, Vendon, Vianet, Vix, Wittern Group and Xerox Transportation Solution
Commenting on the report, an analyst from Technavio’s team said: “Retailers worldwide strive to provide an innovative experience to shoppers. They have started to use M2M-based digital signage to provide users with essential information about new product launches, latest additions in product lines, and discounts. M2M-based digital signage is used to increase customer engagement by sending targeted advertisements based on customer profile, that is, location, demography, gender, and age. It is also used to display video messages at the POS. M2M-based digital signage provides information on a real-time basis. It provides better features than traditional print-based displays. It helps retailers save time and money and enhances their customer outreach. Digital signage also enhances the brand image from a consumer's perspective.”
According to the report, wireless technologies have evolved significantly over the years. Advances in these technologies have led to a corresponding increase in the use of M2M services in POS terminals. Many retailers in the US use M2M technology to execute secure real-time payments and transactions. Consumers also use M2M technology while making online payments through POS terminals. In addition, banks are using this technology to keep track of the financial transactions of retail outlets and ATMs. In the logistics industry, this technology is used in vending machines to track and monitor purchases made and enhance the supply chain management.
Further, the report states that the lack of standardization among M2M devices is hampering the growth prospects of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.