Research and Markets: Machine to Machine (M2M) Market in India 2012-2016: India Loses Approximately US$10.20 Billion Each Year Due to Power Thefts
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tq8cbk/machine_to) has announced the addition of the "Machine to Machine (M2M) Market in India 2012-2016" report to their offering.
“Machine to Machine (M2M) Market in India 2012-2016”
The analysts forecast the Machine to Machine (M2M) market in India to grow at a CAGR of 33.81 percent over the period 2012-2016. The new income opportunities generated through the adoption of M2M technology constitute one of the key factors for this market growth. The M2M market in India has also been witnessing a shift from voice services to data services. However, the lack of coordination among the members of the fragmented value chain could pose a challenge to the growth of this market.
The key vendors dominating this space include Bharti Airtel, Idea Cellular Ltd., Tech Mahindra and Wipro Ltd.
The other vendors mentioned in this report are Infosys, Reliance Communications, Tata Consulting Services, Telit Communications, and Zoho.
Commenting on the report, an analyst from the team said: India loses approximately US$10.20 billion each year due to power thefts. As a result, India is planning to roll out smart meters in the Power sector. The Indian Government is mainly responsible for the huge penetration of broadband services at a rural level. The Government of India has initiated a national fiber network for 250,000 gram panchayats (local government in villages and small towns) for broadband connectivity. In addition, the governments have also taken other initiatives such as electronic point of sales machines, automated meter reading, and tracking devices in logistics for the welfare of the society.
According to the report, one of the main drivers is the new income opportunities for MNOs. The new modes of exploring wireless connectivity into social networks and mobile commerce are enabling MNOs to bring in additional revenues to the table. The increasing penetration of M2M technology in the key business verticals of India, such as the Automobile, Healthcare, Agriculture, Home Appliances, and Retail sectors, is boosting the opportunities for MNOs, thereby driving the M2M market in India.
For more information visit http://www.researchandmarkets.com/research/tq8cbk/machine_to
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.