DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qqvdw4/m2m_satellite) has announced the addition of the "M2M Satellite Communication Market by Technology (Satellite Telemetry, VSAT, AIS), Communication Network Device (Satellite IP Terminals, Satellite Modems, Gateways), Service (Managed Service, Data), Vertical, Region - Global Forecast to 2020" report to their offering.
The M2M satellite communication market to grow from USD 3.36 Billion in 2015 to USD 5.91 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period.
Currently, the M2M satellite communication market is growing progressively with consistent advancement in the technology. Organizations are using M2M communication technology for security, remote monitoring, logistic tracking, in sectors such as agriculture and retail, which is expected to drive the growth of this market during the forecast period.
The M2M satellite communication market comprises specialized technologies such as satellite telemetry, AIS and VSAT. It also uses various network devices for transfers of information to the end user. Satellite IP terminals play a vital role in this market as they allow sending and receiving of information over the satellite networks. The M2M satellite communication market consists of various stakeholders including satellite operators, satellite service providers, value added service providers, communication network operators, and satellite equipment manufacturers.
The increasing need for enriched data communication and expansive applications of M2M satellite communications are the driving force prevailing in the market, owing to which the market is gaining traction. Moreover, there are various factors such as conjunction of satellite and terrestrial mobile technology and emergence of cloud-based platform providers in this market that are creating opportunities for the vendors.
The M2M satellite communication market is growing consistently with large satellite vendors and communication service providers such as ORBCOMM, Kore Telematics, Inmarsat, Globalstar, Iridium, Rogers Communication, TeliaSonera, Hughes network systems, Orange, and ViaSat offering advance technological solutions to various enterprises.
This report analyzes the global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global M2M Satellite Communication Market Analysis, By Technology
8 Global M2M Satellite Communication Market Analysis, By Communication Network Device
9 Global M2M Satellite Communication Market Analysis, By Service
10 Global M2M Satellite Communication Market Analysis, By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Globalstar, Inc
- Hughes Network System Llc
- Inmarsat Communications, Inc
- Iridium Communications, Inc
- Kore Telematics
- Orange S.A.
- Orbcomm, Inc
- Rogers Communications, Inc
- Teliasonera AB
For more information visit http://www.researchandmarkets.com/research/qqvdw4/m2m_satellite