M2M Satellite Communication Market Forecast 2020-2025: The Impact of COVID-19 Disruption – MarketWatch
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Jul 07, 2020 (AmericaNewsHour) — The Global M2M Satellite Communication Market was valued at USD 3.83 billion in 2016 and is projected to reach USD 10.74 billion by 2025, growing at a CAGR of 12.12% from 2017 to 2025.
M2M satellite communication can be defined as a process where data is transmitted through satellite networks from remote locations and allows user to respond to the information received. M2M satellite communication helps to connect remote assets, uses the sensor network, transforms transportation infrastructure, highly reliable, cost, and has ubiquitous coverage.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Number of Cloud-based Service Providers
1.2 Co-existence of Satellite and Mobile Technology
1.3 Low Infrastructure Cost Associated with Integration of Satellite into M2M System
1.4 Growing Demand for Enriched Data Communication
2. Market Restraints
2.1 Security Concerns
2.2 Less Knowledge about the Technology
2.3 Infrastructure to Support Devices
Market Segmentation:
The Global M2M Satellite Communication Market is segmented on the basis of service, network devices, technology, vertical, and region.
1. By Service:
1.1 Business Service
1.2 Data Service
1.3 Managed Service
1.4 Voice Service
1.5 Others
2. By Network Devices:
2.1 Gateways
2.2 Satellite IP Terminals
2.3 Satellite Modems
2.4 Others
3. By Technology:
3.1 VSAT
3.2 AIS
3.3 Satellite Telemetry
4. By Vertical:
4.1 Agriculture
4.2 Transport and Logistics
4.3 Maritime
4.4 Retail
4.5 Security and Surveillance
4.6 Oil and Gas
4.7 Government
4.8 Healthcare
4.9 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Teliasonera AB
2. Orbcomm, Inc.
3. Viasat
4. Inmarsat Communications, Inc.
5. Orange S.A.
6. Iridium Communications, Inc.
7. Hughes Network System LLC
8. Globalstar, Inc.
9. Rogers Communications, Inc
10. Kore Telematics
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global M2M Satellite Communication Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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The post M2M Satellite Communication Market Forecast 2020-2025: The Impact of COVID-19 Disruption appeared first on America News Hour.
COMTEX_367782150/2606/2020-07-07T03:17:20
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