Cellular M2M Market
market in the coming years. Increasing need for remote monitoring & control and launch of
3G/4G networks globally are the key factors responsible for the growth of the global market.
Others factors boosting the global market are the increase in regulatory compliances,
decreasing the cost of connectivity applications, and increased traction for risk assessment
and management.
Global Cellular M2M Market: Segmentation
The global cellular M2M market is categorized based on verticals as banking & financial
services, utilities, transport & logistics, security, healthcare, automotive, and networking. Of
these, automotive is the leading segment in the global market whereas, transport & logistics
is the second largest segment growing at a significant rate. Utility vertical is another
gowning segment in the global cellular M2M market where this module is used to collect
data from the smart meters. However, Implementation of the smart grids in order to reduce
power loss has enhanced the global market growth. Based on modules, the global cellular
M2M market is fragmented as WiMAX and LTE, GPRS, UMTS/HSPA, EDGE, and
CDMA2000 modules. Of these, GPRS is the dominating segment and EDGE ranks second
in the global market.
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Global Cellular M2M Market: Regional Analysis
The geographical segment in the global cellular M2M market includes North America,
Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the
largest market share in the global market. The increasing acceptance of the cellular M2M in
the business operations in North America will spur the global market in future. Asia Pacific is