Machine to Machine (M2M) and Connected Devices
Overview of the global land mobile radio (LMR) market
Technavio’s market research analyst predicts that the global land mobile radio (LMR) market will grow at a CAGR of more than 10% by 2020. The market is witnessing a considerable shift towards digital LMRs owing to features like less power consumption, higher quality coverage, log display, availability of customized software applications, and high standards. Moreover, digital LMR also provides the voice processing technology by using digital signal processing (DSP) chips. Strong communication and band high efficiency will result in the augmented adoption of digital LMRs in the coming years.
The integration of LTE with LMR system capabilities will benefit LTE users by reducing the response time, delivering real-time information sharing, and permitting the transmission of complex voice and video data. Owing to the high availability of LMR and the usage of LTE technology in critical communication processes, the demand for devices that support both LTE and LMR networks is rising among organizations. Such devices will provide a competitive edge to organizations as they can switch easily between both technologies based on requirements. In addition, the integration of public and private LTE networks with LMR technology will also boost the growth prospects for the LMR market over the next four years.
Segmentation by devices type and analysis of the LMR market
- LMR handhelds
The LMR handhelds segment is the fastest-growing market segment in the global LMR market and is expected to grow at a CAGR of more than 13% by 2020. Much of this segment’s growth comes from the increased availability of internet connectivity, demand for handheld devices, and a rise in the popularity of location-based applications in public safety, oil and gas, mining, and industrial sectors. Factors
Overview of the global mobile broadband market in public safety sector
According to Technavio’s market research analysts, the global mobile broadband market in public safety sector is projected to grow at a CAGR of more than 8% during the forecast period. The emergence of long-term evolution (LTE) technology in the public safety domain is the primary growth driver for this market. LTE technology is gaining traction owing to the increase in the number of users and the need for high-speed data applications. Several governments across the globe are also increasing their expenditure on the LTE technology to facilitate the sharing of complex real-time data. The high bandwidth of this technology enables a user working in a remote terrestrial site to share and access real-time data immediately. With the growing acceptance of LTE technology, the public safety networks can respond to the surging requirements for fast, reliable voice, and data connectivity with a guaranteed security.
The Americas is the largest region in the market and occupied around 60% of the total market share in 2015. The major factor contributing to the growth of the market in the Americas is the awareness and presence of public safety technologies in North America. High penetration of LTE networks helps consumers to use fast mobile broadband services. The increased growth in infrastructure and development in wireless technologies will significantly contribute to the growth of the market in the Americas in the coming years.
Competitive landscape and key vendors
The global mobile broadband in public safety market is extremely competitive owing to the entry of new vendors and the
Outlook of the public safety LTE devices market
Technavio’s market research analyst predicts the global public safety LTE devices market to grow at an impressive CAGR of more than 18% over the forecast period. With a significant increase in natural disasters and terrorism, it has become imperative for countries around the world to come up with effective measures to cope with such situations. In such cases, it is of primary importance to communicate the right information to the right individual for safety and security reasons. LTE devices enable fire personnel to access real-time information about the environment they are securing. Also, police officers responding to an incident can access data and prepare themselves according to the situation. Since the provision of real-time information is critical during times of crisis, especially during a terror attack it will lead to an augmented demand for public safety LTE devices in the coming years.
In this market research report, the analysts have estimated factors such as increasing R&D initiatives to bolster this market’s growth prospects during the predicted period. Since the market for public safety LTE devices is still in its nascent stage, and alternative services such as LMR and PMR technologies have a strong presence in the market, these communication technologies are still the preferred option for mission control operations. However, several companies are investing substantially in R&D to develop LTE devices and related functionalities, which will propel this market’s growth in the next four years. For example, Motorola focuses on R&D efforts related to the existing technologies and the advancements of its business includes the development of new-age public safety solutions and smart public safety solutions.
Segmentation by revenue and analysis of the public safety LTE devices market
- Router and modules
Overview of the OSS-BSS software market
Technavio’s market research analyst predicts the global operations support systems (OSS)-business support systems (BSS) software market to grow at a CAGR of more than 18% by 2020. The primary growth driver of this market is the increased adoption of revenue management system (RMS). Such billing processes include features such as pricing management, credit limit management, invoicing, payments, and rating and charging. Convergent billing systems provide new businesses with a unified definition framework for pricing and rating. It allows customers to predict the real-time consumption and expenditure across a service or a payment mode. Telecom operators across the globe are rapidly adopting RMS, which supports retail, wholesale, and enterprise business segments. Growing demand to consolidate the individual systems will augment the implementation of RMS, and will aid in the growth of OSS-BSS software market over the next four years.
Telecom operators are opting for a customer-centric business model, which has propelled the adoption of customized OSS-BSS software. Customization will facilitate telecom service providers to deliver bundled services, thereby enhancing the user experience. Moreover, some of the key OSS-BSS functions such as customer relationship (CRM), business intelligence (BI), convergent billing, and revenue assurance require customized software. The rise in demand for customized OSS-BSS software that has the capability and flexibility to accommodate changes, will bolster growth prospects for this market during the forecast period.
Segmentation by application and analysis of the OSS-BSS software market
- OSS software
- BSS software
The BSS software is the fastest-growing segment in the OSS-BSS software market and is expected to grow at a high CAGR more than 21
Overview of the connected car M2M connections and services market in the US
The connected car M2M services and connections market in the US is projected to witness substantial growth and will post an impressive CAGR of more than 28% and 32%, respectively by 2020. Safety and security feature is of utmost importance for the manufacturers of the automotive industry. These features include the ability to contact emergency services, the capability to track stolen vehicles, and vehicle diagnostics and directions. Vehicle telematics includes a broad range of computing and communications services installed in a car, which emphasizes mainly on safety, security, and convenience. It also includes nifty features like stolen vehicle recovery, emergency calls, remote door unlocking, concierge services, and remote diagnostics. Most of the in-car telematics solutions are accomplished by service providers through call centers. Moreover, vehicle-to-vehicle communication helps to avoid possible collisions and accidents. With its family tracking applications, it enables family members to track the location, position, and speed of the traveling person.
The emergence of smart parking with embedded sensors is one of the emerging trends that is likely to gain significant traction in the market. Smart parking enables real-time monitoring and controlling of the available parking space. These parking systems use sensors that are deployed in the center of the parking area. To acquire a parking spot, relevant data regarding the number of standby vehicles and those in the queue are gathered by
Overview of the global cellular M2M connections and services market
Technavio’s market research analysts predict the global cellular M2M connections market to grow at a high CAGR of around 30% by 2020. Also, they have predicted the global cellular M2M services market to grow at an impressive CAGR of more than 33% during the forecast period. M2M services play a critical role in the improvement of supply chain processes such as inventory level monitoring, fleet tracking, event-based monitoring, and inventory condition monitoring. M2M services allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles through real-time updates about cargo shipments. Growing adoption of M2M in tackling supply chain challenges will propel growth in this market during the forecast period.
One of the interesting trends gaining traction in this market is the M2M platform consolidation. M2M platform consolidation solutions offer a single and intuitive management platform for all M2M services and solutions. Moreover, the solutions help in the close monitoring of each service to improve the integration between solutions. As the M2M platform consolidation solutions accelerate the development of new M2M solutions, this will enhance the growth prospects of the market in the coming years.
Segmentation by industry and analysis of cellular M2M connections and services market
- Consumer electronics
- Transport & Logistics
- Energy and Utilities
As per this market research report, the analysts have estimated that the energy and utilities segment will be the fastest-growing segment in the cellular M2M connections and services market by 2020.