Boston, MA -- (SBWIRE) -- 08/20/2015 -- Machine to machine (M2M) technologies allow for communication of data between electronic devices. The transmission of data is done via cellular as well as satellite networks. Cellular M2M connections use CDMA, 2G, 3G, and 4G/LTE networks to establish connections between electronic devices, and provide applications across different verticals, such as automotive, healthcare, retail, transport and logistics, manufacturing, energy and utilities, and consumer electronics.

Some major applications provided by M2M include video surveillance, remote vehicle diagnostics, fleet management, asset tracking, theft recovery, and POS. It helps industries worldwide to enhance their operational efficiency and productivity by reducing overall CAPEX.

Technavio analysts forecast the cellular M2M connections in the US to grow at a CAGR of 26.13% during 2015-2019; while the cellular M2M services in the country to grow at a CAGR of 25.55% in the forecast period.

Get More Details on this Report and a Full Table of Contents at Cellular M2M Connections and Services Market in the US 2015-2019

Commenting on the report, an analyst from Technavio's team said: "Currently, most MNOs are adopting M2M cloud-based platforms that help them in reducing CAPEX and time-to market for their product and service launches. Cloud-based platforms help MNOs to manage, develop, and assemble their service packages. In addition, 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."

According to the report, with increase in penetration of smart devices such as smartphones and tablets, the need of cellular M2M is rapidly increasing. With help of these devices, consumers are availing many value-added services. Telecom operators are also playing a vital role in providing faster services to consumers by deploying advanced wireless technologies such as 3G and 4G/LTE. These wireless technologies help various enterprises in obtaining real-time information and thus help in enhancing their operations by reducing costs. Also, the combination of cellular networks and M2M technology enables the IoT to improve efficiency of organizations by improving speed and accuracy of real-time information without need for human intervention.

Further, the report states that one of the challenge is the integration of connected devices with cellular technologies.

The key players in the Cellular M2M Connections and Services Market in the US are AT&T, Gemalto, Sprint, Verizon Communications, Sierra Wireless, Telit Wireless Solutions and T-Mobile US while other prominent vendors include Amdocs, Digi International, Ericsson, Kore Wireless Group, PTC, Silver Spring Networks, Aeris Communications, Comarch, Huawei, Jasper Technologies, M2M Data, Multi-Tech Systems, Novatel Wireless, Numerex, Option, Red Bend, Rogers Communications, SeeControl, TechMahindra, U-blox, Wipro, Wyless Group, Xively and ZTE

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please http://www.technavio.com/report/us-cellular-m2m-connections-market

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