Global Satellite M2M Connections and Services are expected to make a significant contribution to the overall industry.
According to a lead Analyst "Earlier, the global satellite M2M connection and services market was highly concentrated to very few players including Globalstar, Applied Satellite Technology, Hughes Communications, and few others. Thus the market was showing strategic monopoly in a moderately competitive environment. However, with respect to minimal initial investments in satellite M2M connection and service providers have favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, the global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environment". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.
According to the report, some of the important driving forces behind the market growth are Increasing Applications of M2M Satellite Communication and Low Cost for Integrating Satellite into Existing M2M Systems. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Players, additional restraints impacting market are Lack of Infrastructure to Support the Service and Data Rates which is continuously seeking attention of Industry Experts and Decision makers.
The Satellite M2M Connections and Services Ecosystem: 2018-2024 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Satellite M2M Connections and Services market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2018 till 2024. The forecasts are segmented, by Application (Telemetry, Logistical Tracking, Tracking and Sensing, Remote Monitoring and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Data Sources & Methodology The primary sources involves the industry experts from the Satellite M2M Connections and Services Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.