Machine to Machine (M2M) and Connected Devices
Overview of the global RTLS in sports market
Market research analysts at Technavio predict that the global RTLS in sports market will grow steadily during the next four years and post an impressive CAGR of more than 36% by 2020. This market research analysis identifies the increased use of RTLS for indoor asset tracking as one of the primary growth factors for this market. Mainly used for asset tracking by the sports industry, RTLS helps enterprises increase their efficiency and reduce costs. Though several enterprises currently depend on cellular networks and satellites asset tracking, the limited signal strength makes it difficult to track assets in the indoor environment. This will result in increasing the demand for low-cost RFID tags for asset tracking. Moreover, the RFID transponders already available in the market ensure continuous traceability. This will enhance the usage of RTLS-based devices to measure distance travelled, speed, and other fitness activities, in turn, boosting their adoption in asset tracking.
This market research and analysis estimates that in terms of geographical regions, the Americas will be the major revenue contributors to the RTLS market throughout the next four years. The US will contribute to the major revenue shares, where the increased adoption of RFID tags will aid in the growth of the market. Also, the increasing adoption of RFID tags by the sports industry in other major countries in the region such as Canada, Mexico, and Brazil will also boost the market’s growth prospects in the Americas in the next four years.
Competitive landscape and key vendors
The market consists of a very
Overview of the global M2M healthcare market
Market research analysts at Technavio predict that the global M2M healthcare market will grow steadily during the next four years and post an Impressive CAGR of more than 43% by 2020. This market research analysis identifies the increased demand for home telehealth as one of the primary growth factors for this market. Due to the constantly increasing disorders and limited resources, hospitals are finding it extremely difficult to monitor multiple patients. This will lead to the adoption of smart healthcare products that in addition to helping physicians monitor patients from remote locations, reduce healthcare expenses as well. With the rising incidences of chronic disorders, the use of smart healthcare products will reduce the dependence on caregivers. Additionally, these smart devices help in self-assessment and provide useful insights to both patients and physicians. Such benefits will fuel the adoption of remote patient monitoring services, in turn, boosting the demand for M2M devices for healthcare.
This market research and analysis estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the next four years. The increased penetration of high-speed broadband networks in the region and increasing incidences of mental and chronic disorders, will fuel the demand for M2M in healthcare in the coming years. Furthermore, the increased awareness among consumers about smart healthcare products and the adoption of wireless local area network (WLAN) inside hospitals, will also aid in the
Global outlook of the telecom IoT market
Technavio’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to gather, analyze, and distribute networked resources, ITS also helps reduce the impact of traffic congestion by providing greater visibility and improving communication among passengers. Investments towards the development of such smart solutions will bolster the growth prospects of the telecom IoT market. For instance, one of the leading automotive manufacturers General Motors has recently supported the ride-sharing service provider Lyft by making an investment of about USD 500 million towards the development of IoT projects that help provide efficient public commuting services.
This market research study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The increasing adoption of IoT products and services by several enterprises in countries such as the US to improve business efficiency and investments from the US government towards the development of smart cities will drive market growth in this region
Overview of the global RTLS market in the transportation and logistics sector
Technavio’s market research analyst predicts that the global RTLS market in the transportation and logistics sector will grow tremendously during the forecast period, posting a CAGR of more than 49%. RTLS tags play a very important role in the logistics and transportation industries, which aim to have an improved supply chain efficiency. RTLS is mainly used in shipment and cargo container tracking, yard and fleet management, and equipment and asset tracking. As the manual procedures are prone to error and lack real-time updates about the assets, the application of cost-effective RTLS tags enhances supply chain visibility and security, increases productivity and agility, and minimizes labor and fuel costs. Moreover, several vendors in the market are coming up with advanced RFID tags and components that help in optimizing automated asset tracking and logistics systems. The RFID transponders allow continuous traceability and reduce losses, thereby enhancing stock management and processing speed. With the introduction of new cost-effective technologies such as UWB and ZigBee, the global RTLS market for transportation and logistics is anticipated to witness massive growth over the next few years.
The RTLS market in the transportation and logistics sector in the Americas is anticipated to increase considerably over the next four years, with the US being the highest revenue contributor. Most transportation and logistics companies are incorporating RTLS for the smooth functioning of operations. Zebra Technologies is the major RTLS providers in this region. Also, several vendors are using RFID tags and RTLS
Overview of the global pet wearable market
According to Technavio’s market research analyst, the global market for pet wearables will experience robust growth and post an impressive CAGR of over 16% by 2020. The recent depreciation in the prices of connected devices is a key factor responsible for the strong growth of this market. The IoT connects billions of devices and sensors to develop innovative applications. The IoT communication primarily connects various devices, such as smartphones, laptops, and tablets, with people and systems. This connection also helps send data to the centralized server through networks such as wireless local area network (WLAN), RFID, and Bluetooth. At present, many low-cost and energy efficient wireless sensor nodes are being used in IoT systems. These nodes are easy to deploy and can be controlled and monitored from remote locations. They also include low power radio and power management mechanisms for continuous operation. Consequently, these sensors have become an integral part of the IoT technology in many applications including smart pet wearables.
Another key trend that is responsible for the strong growth of this market is the augmented adoption of digital maps by smartphone manufacturers. It has been observed that the use of digital maps has been increasing significantly across industries including the pet wearable market. Mobile applications developed with inbuilt digital maps retrieve information from pet tracker devices to track the location of their pets if lost or stolen. For example, Tractive builds applications and social media platforms along with pet wearables to develop an ecosystem for pet owners. The company offers Tractive GPS 2, which provides real-time tracking feature by using multiple sensors such as motion, ambient temperature, and light.
Competitive analysis and key vendors
According to the
Overview of the telecom power systems market in North America
Technavio’s market research analyst predicts the telecom power systems market in North America to grow at a CAGR of more than 8% between 2016 and 2020. The broadband capacity demand is increasing very rapidly in North America in tandem with the rising number of Internet users, mobile device users, and mobile applications. The network operators in this region focus on the expanding and upgrading the LTE and LTE-Advanced networks that include deployment of VoLTE, carrier aggregation, and other developments. Telecom tower companies are deploying a greater number of picocells and femtocells, which have built-in and compact power systems. For instance, Eltek offers Chameleon small cells power solutions that minimize the installation, logistics, and the procuring cost for 4G/LTE operators. With the rise in the deployment of small cell sites, the demand for power systems is increasing providing a cost-effective solution, easy installation, and operational efficiency. Moreover, to reduce their OPEX and enhance their profit margins, many telecom operators are shifting towards highly efficient hybrid energy solutions, which optimizes the usage of renewable energy resources like wind turbines, solar panels, or reusable battery products.
There is an urgent requirement to transform the telecom power system from diesel usage to renewable energy sources that will not only help in cost reduction but will help save energy. The sector is increasingly deploying small cells which need small size power backup. Several towers have been installed in remote regions to meet the subscribers’ demand.