M2M Satellite Communication Market (by VSAT, AIS, Satellite Telemetry, Satellite Modems, Gateways) Projected to $4,763.4 Million by 2019 - New Report by MarketsandMarkets
(PRWEB) October 21, 2014 -- The market research report “M2M Satellite Communication Market - Worldwide Market Forecast and Analysis (2014 - 2019)” which analyzed and studied the major market drivers, restraints, and opportunities in North America (NA), Europe (EU), Middle East and Africa (MEA), Asia Pacific (including Japan; APAC), and Latin America (LA).
Browse more than 84 market data tables with 28 figures spread through 193 pages and in-depth TOC on "M2M Satellite Communication Market - Worldwide Market Forecast and Analysis (2014 - 2019)"
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The study reports that the global M2M satellite communication market is expected to grow from $2,983.4 million in 2014 to $4,763.4 million by 2019, at an estimated compound annual growth rate (CAGR) of 9.8% from 2014 to 2019.
The automobile and telecommunication vertical is expected to account for the largest market share during the period 2014-2019, and business services have the largest market share in the overall machine-to-machine (M2M) satellite market categorized by services. Business services stretch from the implementation to training and consulting on all matters related to M2M communication services. Satellite modems are used to establish data transfer using a communication satellite as a relay.
M2M satellite communication market has contributed to the growth of automobile and telecommunication vertical to a greater extent. Some of its top services, communication network devices, and technologies are listed below:
• Business Services: It is the highest growing service market in the M2M satellite communication market and is marked with the presence of many tier-1 players of the industry. Orange is one of the top players providing business services to several clients in the M2M satellite communication market. The revenue generated by business services in transportation and logistics is the highest among all the other verticals.
• Satellite Modems: Its main function is to transform an input bit stream to a radio signal and vice versa. This satellite modem portfolio features a variety of specs appropriate for consumers, enterprise markets, service providers, governments, and large-scale operations over satellite requiring even higher speed returns. These modems can be built with different technologies embedded within for a particular application across the verticals.
• Very Small Aperture Terminal (VSAT): VSAT technologies have evolved to the point where VSATs are able to address very effectively most of the connectivity needs of information and communication technology (ICT) users, from the residential market to the corporate market. Any requirements for connectivity in remote areas or areas where other technologies cannot provide services are prime targets for VSAT technologies.
The automobile and telecommunication vertical is followed by transportation and logistics, which is followed by oil and gas, energy and utility, mining, agriculture, maritime, healthcare, and public affairs verticals. The European market has the largest market size for the transportation and logistics vertical.
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