The latest report by TechNavio draws attention towards increased use of M2M services in the automotive industry. Connected car M2M services are generally used for accessing emergency services, vehicle diagnostics and tracking a car's location in the event of vehicle theft, which has increased demand for these applications significantly over the past few years.
“Increased awareness among vehicle owners about safety is expected to fuel the growth of the Global M2M Services Market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
“Additionally, M2M services are expected to help people save a considerable amount on fuel.”
The new TechNavio report also emphasizes evolving M2M technology, which plays a pivotal role in the improvement of supply chain processes. M2M services allow companies to improve their existing supply chain processes by enabling the remote monitoring of vehicles.
“M2M services play an important role in tackling supply chain challenges and help in improving overall efficiency, which boosts profits,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Connected Car M2M Connections and Services Market in Western Europe 2015-2019
- Global Connected Health M2M Market 2015-2019
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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