Machine to Machine (M2M) and Connected Devices
Overview of the public safety LTE market in the US
Extensive research carried out by the market research analysts at Technavio has shown that the public safety LTE market in the US will grow impressively and will post a staggering CAGR of more than 19% during the forecast period. With several innovations in LTE technology, the market for public safety LTE in the US is expected to have a positive outlook in the coming years. The increase in demand for public safety LTE applications will be governed by R&D innovations and optimization of support equipment and devices. For instance, the emergence of LMR systems will allow end users to be less dependent on one infrastructure vendor. Many public safety agencies are focusing on improving the security of their systems, which will boost the demand for advanced technologies such as LTE and VoLTE.
The increasing number of devices supporting LTE and LMR networks is a significant trend propelling this market’s growth prospects. In the commercial space, the use of LTE for public security is gaining traction at a faster rate. Commercial networks are being deployed across the globe, which has led consumers to buy LTE-enabled devices. Moreover, LTE is being used for the safety and security of crew related to onshore and offshore oil exploration in the US. Also, with the availability of LMR networks, the demand for devices that support both LTE and LMR networks
Overview of the fixed satellite service (FSS) market
According to the market research analysts at Technavio, the global fixed satellite service (FSS) market is anticipated to grow steadily at a CAGR of nearly 6% over the forecast period. With the increasing number of broadband and DTH subscriptions, the market for fixed satellite service is anticipated to have a positive outlook in the coming years. The number of broadband subscribers in MEA and APAC countries has increased significantly over the last few years, resulting in intense competition for satellite launches among FSS operators. The large subscriber base in countries like India and China, along with the ever-changing regulatory and competitive landscape of the market has led to an augmented demand for FSS solutions.
Most FSS operators these days are adopting new business models that enable them to offer value-enhanced services like uplink services, teleports, private networks through VSATs, and data multicasting to their customers. The majority of operators either enter into partnerships or purchase ground stations across the globe to offer these services. Moreover, FSS operators are selling end-to-end solutions instead of transponder capacity and can manage IP-based services such as IP trunking and broadband. This trend is gaining significant traction in the market, which is expected to spur the growth prospects of this market over the next four years.
Competitive landscape and key vendors
The global FSS market comprises operators that own and operate satellites and lease out the transponder capacity on these satellites to
Overview of the global smart city market
Market research analysts at Technavio predict that the global smart city market will grow steadily and post a CAGR of almost 20% by 2020. Increasing installation of smart meters will be one of the key factors attributing to the growth of the global smart city market during the forecast period. Smart meters can be integrated with an in-home display (IHD) to provide instantaneous information on gas and electricity usage in a household. It will help the consumers to monitor and control all energy devices through energy management systems (EMS) and provide a range of interactive and intelligent solutions. Technological advancements will enable smart meters to amalgamate with smart grids, which will help in energy management, reduce operational costs, and provide energy efficient solutions. Furthermore, the implementation of smart meters will permit smart homes to use cutting-edge technologies like programmable thermostats, occupation detectors and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and promote a reduction in the carbon footprint. The implementation of such energy-efficient systems will help in environmental sustainability and result in the positive growth of the smart city market over the predicted period.
One of the recent trends observed in the market is the presence of strategic alliances between telecommunications operators, hardware and software providers, and analytics software providers.
Overview of the VSAT market
Extensive research carried out by the analysts at Technavio has shown that the global very small aperture terminal (VSAT) market is expected to witness fast-paced growth and will post an impressive CAGR of more than 9% over the forecast period. The increasing demand for technologically advanced satellite imagery is one of the primary factors driving this market’s growth. High-resolution digital satellite aerial imagery is becoming increasing popular among city planners, developers, and engineers as the information from derived from these images along with GIS mapping is used for analysis, strategic planning, and evaluation in engineering and urban planning. Moreover, images provided by satellite offer valuable data and information, which are used by government organizations across different sectors including defence, oil and natural gas, mining, meteorology, and agriculture. Furthermore, with advancements in technology and introduction of image-enhancing equipment and remote-sensing technology, the quality of satellite-based EO images has significantly enhanced, leading to their increased adoption.
One of the recent trends spurring this market’s growth prospects is the increasing use of satellite services for cross-vertical applications like telemedicine. With the growing demand for healthcare facilities and advancements in technology, telemedicine is gaining significant
Overview of the global mobile satellite services market
Market research analysts at Technavio predict that the global mobile satellite services market will grow steadily and post a CAGR of almost 8% by 2020. The increasing demand for satellite communication during emergency situations will be one of the primary factors contributing to the growth of the market. NGOs and humanitarian organizations across the globe depend on mobile satellite services (MSS) for its robustness and expansive coverage as this technology facilitates a timely and efficient response. Furthermore, since these terminals can be effortlessly deployed anywhere, it will provide global coverage and an active communication channel to end-users to help in relief operations during natural disasters and emergency situations. As a result, many vendors have started collaborating with each other to deliver preferential airtime rates and technical training support to enhance satellite service.
During 2015, the Americas dominated the market by accounting for approximately 40% of the total market share. Increasing awareness and the growing preference for satellite technologies across the government and aeronautical sectors will result in the strong growth of the market in the Americas. Additionally, the ability of satellite communication to help in storm and hurricane disaster management, volcano monitoring, vegetation identification, and historical monument inspection will also lead to its increased demand during the estimated period. Furthermore, the participation of Latin American countries, such as Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela, in the development in satellite technologies will also help in the evolution of the market.
Outlook of the global satellite M2M connections and services market
According to Technavio’s market research analyst, the global market for satellite M2M connections and services will grow at a CAGR of almost 15% and 10%, respectively by 2020. The augmented demand for enhanced M2M data communication will be a significant factor leading to the growth of this market. Since M2M communication is the next wave of technology development, most companies are focusing primarily on the latest M2M systems that improve operational effectiveness and efficiency. As the incorporation of M2M systems into business operations would help businesses achieve real-time monitoring of remote assets, this market is anticipated to witness stark growth by the end of 2020. Additionally, benefits such as the ability of satellite-based M2M services in supporting remote facility monitoring, real-time asset management, and industrial automation will also lead to its strong demand over the next few years.
In this market study, the analysts have estimated eminent factors, such as the increased use of analytics, to spur this market’s growth prospects in the next four years. Generally, satellites generate large volumes of information in the form of images, which can be difficult to analyze. As a result, the need for data analytics has increased as it will help provide meaning and structure to large volumes of unstructured data. Many companies have taken note of the growing need to analyze the data generated by satellites, as a result of which, they have initiated efforts to jump into the analytics space.