Published On : 05 Dec 2016
QYResesarchReports.com recently announced adding a new report to its database of market reports on ICT. It presents a comprehensive overview of the global M2M network security market discussing the various factors supporting or inhibiting its growth through the forecast period 2016 and 2021. The report is titled “Global M2M Network Security Market Research Report 2016,” and is available for sale on the company website. Besides analyzing the factors influencing its trajectory during the course of the forecast period, the report also throws light on the competition prevailing in the market. Using industry-leading analytical tools it presents insights into the strengths and weaknesses of the most prominent market participants. In addition, the report also highlights the growth opportunities and threats that these companies are projected to witness during the forecast period.
The report forecast strong growth for the M2M network security market. Exhibiting a robust CAGR, the market is expected to become a multi-billion dollar industry by the end of the forecast period. Currently the automotive and utility sectors have emerged as the major adopters of M2M network security. However, as per the report, the application across other industries is projected to increase over the course of the report’s forecast period.
The key end-use segments of the market include consumer electronics, healthcare, automotive, intelligent buildings, and utilities. The demand from the utility however is projected to decline in the forthcoming years, due to saturation of investment in M2M network security in the sector. While this will be a major cause of concern, the continuing growth in the healthcare sector will help ease the burden of the global M2M network security market.
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Among the key regional markets, the market is currently witnessing lucrative opportunities in Europe. The high concentration of M2M application and devices across SMEs and large industries in Europe will foster growth. Besides this, the market is also expected to witness opportunities in Asia Pacific and North America.
To study the market’s vendor landscape, the report has profiled a few of the leading companies operating therein. Companies such as Kore Wireless, Gemalto, PTC (Axeda), Numerex, and Cisco hold a strong position in the global M2M network security market. Other prominent vendors operating in the market are EUROTECH, Novatel Wireless, Systech, Option, Telit, Digi International, NetComm Wireless, and Ventus.
High competition exists among the leading players operating in the market. In order to strengthen their position, companies are investing increasingly in research and development activities. Furthermore, the big names in the market are looking to diversify their geographical presence to expand their businesses worldwide.
Using industry-leading analytical tools, the report provides insights into the strengths and weaknesses of the leading companies operating in the market. The analysis will also help companies identify the opportunities and threats that they may face over the course of the forecast period.