Global Industry Analysts has published an interesting analysis and report that focus on the global Satellite M2M Communications market, a report that is being distributed by ASDReports — this particular market segment is projected to exceed $1.9 billion by 2022 in service revenues and is driven by reducing cost and complexity of M2M implementations and the resulting rise in adoption as well as the expanding remote asset tracking, monitoring and control applications.
Freight, logistics and public transportation sectors are emerging as major end-use markets supported by the growing demand for technology solutions that help in achieving effective fleet management, fuel efficiency and operational cost savings. Also benefiting growth in these sectors are the recovering global trade environment and the explosion of eCommerce and the resulting increase in urban freight mobility.
Additional growth factors of equal importance include the foundation offered by Internet of Things (IoT) revolution and the resulting increase in demand for IoT value added services; strong projected growth in the mobile-satellite services (MMS) sector; growing prominence of L-band connections; rising commercial value of satellite SCADA solutions; and growing investments in intelligent transportation systems (ITS) and the resulting spurt in adoption of commercial vehicle tracking and monitoring systems.
The United States represents the largest market worldwide, while Asia-Pacific ranks as the fastest growing market, with a CAGR of 10.0 percent over the forecast period. The growth in the region is led by expanding transportation and logistics activity backed by growing commercial and retail industry in Asian economies; robust investments in high throughput satellites; and increased adoption of Internet of Things (IoT) across all vectors of the economy.
Free samples of this informative report may be downloaded at this direct link…
