Machine to Machine (M2M) and Connected Devices
Outlook of the smart home market
Technavio’s market research analyst predicts that the global smart home market will grow at an impressive CAGR of nearly 35% during the forecast period. An important factor spurring the growth prospects for this market is the advent of high-speed 4G LTE wireless networks, which support high-bandwidth M2M applications. Most of the operators have adopted multiple strategies like low bandwidth pricing, subsidized pricing of modems and gateways, easily deployable cross-vertical industry solutions, and bundled cloud-based platform solutions, which is driving the adoption of 4G for IoT communications. Smart home systems are gaining traction with the advent of high-speed internet services as most appliances function effectively with the help of wireless connectivity. Additionally, the high penetration of Wi-Fi connectivity in residences is fueling the growth prospects for this market as numerous appliances can be added to the home network without the use of external controllers.
The advent of enhanced security and safety features with effective monitoring technology is one of the major trends impelling the growth prospects for this market. Smart homes incorporate several automatic systems, such as motion and window sensors, thermostats, light controls, and door lock controls that receive remote control signals from the users. These signals are sent over GSM technology to ensure a reliable and fast communication between the user and the home security systems. For instance, AT&T’s Digital Life uses the 3G wireless network to address critical situations by directly contacting the fire, medical, or any other emergency authorities.
Competitive landscape and key vendors
The global smart home market is characterized by the presence of large vendors
A mobile hotspot router is a small and compact wireless router that allows end users to avail high-speed internet services wirelessly. This router connects to the Internet via 3G or 4G mobile connections and provides connectivity within a range of 30-33 feet. Additionally, the end user can easily connect multiple Wi-Fi-enabled devices to a single router, thereby, reducing the overall cost of internet services. This pocket-sized router has a built-in battery, making it highly portable and offers internet services on-the-go for around 20 users by tapping into 3G or 4G networks and creating a wireless broadband cloud.
The report, global mobile hotspot router market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would
Global outlook for the smart wearable healthcare devices and services market
Technavio’s market research analysts have predicted that the global smart wearable healthcare devices and services market will grow steadily and post a CAGR of almost 19% by 2020. This industry research report identifies the popularity of wearable devices in healthcare to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Smart wearable devices help consumers to track and monitor health-related issues, monitor body temperature, offers remote cardiac monitoring, and also records sleep statistics. Since these devices help users avoid several health issues such as obesity and heart congestion, there has been an increased adoption of wearable healthcare devices in the developed regions such as North America and Western Europe. This will lead to the decline in the cost of these products, which in turn, will result in an exponential increase in the adoption of healthcare wearables.
Big data analytics enables easy access to patient information and enhances the decision-making process and is already being used in the healthcare sector to understand patient insights. Big data analytics will be used to gather activities and health conditions of patients from health monitoring devices, and this can be transferred to the hand-held devices such as tablet computers and smartphones with the help of data analytics software. This will enable physicians to monitor the daily activities and health conditions of patients from any remote location. The estimated increase in the
Overview of the smart wearable fitness and sports devices and services market
By 2020, the global smart wearable fitness and sports devices and services market will grow at a CAGR of over 25% and 38%, respectively. One of the primary drivers propelling the growth prospects for this market is the growing popularity of fitness wearables among consumers. Rapid innovations in technology have increased the demand for fitness devices with modern features, which help avoid obesity and heart congestion. These devices act as fitness trackers, allowing consumers to keep a check on their regular fitness regime. In developed regions like North America and Western Europe, the demand for smart watches, fitness bands, gear fit, and smart glasses have increased over the years due to the low cost of these products. The consumers synchronize these fitness devices with their smartphones and tablets to monitor sleep patterns and receive calendar alerts about their exercise and fitness activities.
A significant trend spurring the growth prospects for this market is the increasing use of wearable devices in sports analytics to improve the performance of the sportsperson. The fitness and sports wearables comprise tracking devices, sensors, and software application. The technology and software used in smart wearable devices help in making critical decisions in games like football, tennis, and basketball. These smart activity trackers monitor speed, distance covered, and breathing and heart rates of the players. In addition, these devices can be used to track the fitness and performance activities of on-field players. For instance, miCoach by Adidas helps in tracking the kick speed, spin, and flight path in football. It also offers real-time statistics, such as speed, heart rate, and acceleration of each and every player.
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 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