LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new report on the cellular M2M connections and services market in the US, which is expected to grow at a CAGR exceeding 25% in terms of services, and over 26% in terms of connections from 2015-2019.
According to the new report by Technavio, the use of M2M technology in the healthcare industry can trigger a paradigm shift in provision of healthcare in the US.
“With the use of M2M services, common healthcare conditions such as blood pressure level, cardiac arrhythmia, and glucose level of diabetic patients, can be monitored while patients are at home. M2M use in healthcare is a major trend that is expected to gain more traction during the forecast period and propel overall market growth,” says Faisal Ghaus, Vice President of Technavio.
The report also emphasizes the adoption of M2M cloud-based platforms by most MNOs that will help them in reducing CAPEX and time to market for their product and service launches.
“Cloud-based platform also helps telecommunication operators in marketing, selling, integrating, developing, and supporting M2M connectivity and cloud services across different business verticals such as retail and automotive,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Cellular M2M Connections and Services Market 2015-2019
- M2M Connections and Services Market in China 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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