Research Insights on Global M2M Wireless Network Services Market

Rapid Growth of Cloud Computing is Anticipated to Drive M2M Wireless Network Services Market Demand

22 October 2018, The Global M2M Wireless Network Services Market is expected to witness significant CAGR over the forecast period. These services provide uninterrupted communication among two or more machines. Upward trends such as Bring Your Own Device (BYOD) and Internet of Things (IoT) are anticipated to boost demand for these networks in near future.

Mobile network operators are looking for alternative means to earn more revenue. Global telecom industry is finding new revenue generation opportunities with the advent of digitization and a rising mobile subscription base. This is anticipated to positively influence adoption of these services in near future. New financial gain opportunities for mobile network operators are expected to fuel the global market in the forthcoming years.

A subscriber base of more than five billion makes telecom one of the largest industries. However, even the increasing client base has failed to increase revenue for telecom operators due to the presence of intense competition. Constant pressure of competitive price drops is expected to challenge growth of the global telecom industry over the forecast period. This factor is poised to play a crucial role in expansion of the market for machine to machine cellular networks.

Rapid growth of cloud computing is anticipated to drive demand over the forecast period. Also, increasing use of smartphones is expected to impel demand for cellular services. High penetration of smartphones across the world is anticipated to create growth opportunities for key market players during the forecast period. Availability of fast connection between end-to-end devices, coupled with higher broadband usage, is also expected to drive their adoption. Low cost of and power consumption by wireless services are anticipated to further fuel growth.

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Customers are gradually shifting from voice services to data services as a consequence of technological developments. Increasing M2M services have contributed to rise in data traffic. Both these factors are expected to boost market in near future. Presently, customers are ready to shell out higher prices to avail improved offerings suitable for their individual requirements. Existing telecom infrastructure and coverage are expected to drive adoption of value added data services over the next few years. Moreover, proliferation of government standards and regulations and increased number of value added services are expected to fuel industry demand over the forecast period.