Global Satellite Machine-to-Machine (M2M) Service Revenues to Reach $1.7 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Satellite Machine-to-Machine (M2M) Services markets. Driven by the growing need of global businesses and governments to track, monitor and exercise control over geographically dispersed fixed as well as mobile assets, the global market for satellite machine-to-machine (M2M) services is projected to reach $1.7 billion by the year 2017.

Satellite Machine-to-Machine (M2M) Services: A Global Strategic Business Report

The machine-to-machine (M2M) communications technology is poised to change the way businesses operate. The increasing proliferation of intelligent devices, incorporating sensors, microprocessors and other similar devices, is enhancing the need for two-way communication between owners or operators and the devices. Globally, wireline, wireless and satellite networks have set the foundation for M2M equipment and applications to use the networks. Satellite M2M communications, a relatively small market compared to terrestrial wireless networks, is expanding led by the growing need to track and monitor difficult-to-reach valuable assets such as desert salt mines, offshore oil reserves, diamond mines, mobile assets. Satellite M2M networking is gaining popularity in a wide range of government and commercial markets owing to the considerable benefits offered by the technology. For certain industries such as oil and gas, utilities, and transportation and distribution, wherein large number of assets are deployed in remote locations with inadequate cellular coverage, M2M becomes an expensive proposition unless satellite networks are deployed. Satellite M2M is preferred for high-end applications requiring wide coverage, particularly in oceans, deserted, or rural areas, and for performing mission-critical monitoring.

North America and Europe account for a predominant share of the global satellite M2M service revenues, as stated by the new market research report on Satellite Machine-to-Machine (M2M) Services. The US is the world leader in the satellite-based solutions sector, owing to the high demand from homeland security applications. The availability of much-needed capital for implementation of M2M solutions is a favorable growth factor for the US satellite M2M market. However, fastest growth is anticipated from Asia-Pacific, driven by the continuous expansion in the number of applications for satellite M2M technology. The market is also expected to benefit from the organic growth in demand from heavy equipment manufacturers, and also from the increasing need for regulatory compliance from container and vessel tracking applications.

The advent of new and innovative applications favors expansion of the satellite M2M market, in terms of subscriber base and revenues. Growth is also favored by the presence of a strong network of OEMs and VARs, which assists in standardizing M2M applications and expanding their usage. Rising customer awareness about the potential return on investments generated through the use of M2M technologies is also favoring growth in the satellite M2M market. Growth is also favored by continuous developments in M2M equipment and hardware, in terms of both cost and size. However, increasing competition from alternate technologies and wireless-based products such as cellular M2M and WiMAX, among others, is a major restraining factor. Lack of awareness and negative perception about satellite technologies’ capabilities, high cost of equipment and bandwidth, and the line-of-site requirement for satellite-based products lowers the technologies’ potential in areas with significant presence of competing technologies.

Orbcomm and Iridium constitute the leading providers in the global satellite M2M market. Major players profiled in the report include EMS Global Tracking, General Electric Company, Geotab Inc., Globalstar Inc., Inmarsat plc, Iridium Communications Inc., M2M Data Corporation, Orbcomm Inc., Qualcomm Inc., SkyWave Mobile Communications Inc., Thuraya Telecommunications Company, and Wireless Matrix Inc.

The research report titled “Satellite Machine-to-Machine (M2M) Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections by the following geographic markets – North America, Europe, Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Satellite_Machine_to_Machine_M2M_Services_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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