DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Satellite M2M Connections and Services Market 2016-2020" report to their offering.
The global satellite M2M connections and services market to grow at a CAGR of 14.54% and 9.95% respectively during the period 2016-2020.
Satellite M2M can fulfill several applications across transportation and logistics, oil and gas, mining, maritime, agriculture, manufacturing, energy and utilities, healthcare, and public sectors. Cellular M2M can provide video surveillance, remote diagnostics of vehicles, fleet management, and asset tracking. Satellite M2M helps industries enhance their operational efficiency and productivity by reducing their overall Capex.
The report covers the present scenario and the growth prospects of the global satellite M2M connections and services market for 2016-2020. To calculate the market size, the report considers the revenue generated from equipment, retail services, value-added services, and revenue from implementation of satellite M2M. The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be increased use of satellite M2M for event-based SCADA applications. With the growing popularity of satellite M2M devices for asset tracking, remote monitoring, and controlling, the demand for satellite M2M for event-based SCADA applications has increased significantly. In remote areas, the availability of cellular service is limited, and satellite broadband is an expensive solution for SCADA applications.
In these areas, SCADA system integrators rely on satellite M2M for its reduced power consumption and minimum capital investment. While the implementation of satellite M2M for SCADA monitoring is a time-consuming process, it will likely pay off in the long term. ORBCOMM, which provides asset monitoring and messaging services and devices, is used by system integrators to monitor and control oil and gas flow meters and water meters.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Iridium Communications
- Rogers Communications
Other prominent vendors
- Applied Satellite Technology
- Digi International
- Hughes Network System
- Nupoint Systems
- Quake Global
For more information about this report visit http://www.researchandmarkets.com/research/mj3w5w/global_satellite