Machine to Machine (M2M) and Connected Devices
Overview of the global maritime VSAT market
The global maritime VSAT market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The growing adoption of satellite communication to monitor oil and gas rigs will drive the growth prospects for the global maritime VSAT market in the forthcoming years. Also, to prevent financial loss associated with the leakage of oil and gas through pipelines, it is necessary to monitor the transportation of oil and gas constantly. Supervisory control and data acquisition (SCADA) is a system, which is used for remote surveillance, monitoring, and maintenance of these pipelines. In addition, on-field monitoring processes include the measuring of flow speed, pressure, and temperature using the instrumentation units such as the transmitters, data gathering units, and communication units such as VSAT earth stations. These instrumentation units are deployed along with pipelines at specific locations such as delivery stations, pump stations, compressor stations, and block valve stations. Furthermore, the remote VSAT stations located in the pipelines uses satellite communication to provide effective and constant surveillance by transferring the data to the central SCADA control room. Moreover, the same satellite communication technology is used to monitor oil and gas rigs. Some of the major factors responsible for the growing demand for these systems is its easy installation, inexpensiveness, and effectiveness in maintaining pipelines.
Overview of the global parking management market
The global parking management market is anticipated to grow rapidly and will post a CAGR of more than 14% during the forecast period. The increasing demand for embedded telematics solutions will drive the growth prospects for the global parking management market in the forthcoming years. One of the major applications of telematics is to enhance the efficiency of parking management in urban areas that can assist in the real-time monitoring of car park volumes, real-time forecasting of available parking space, and send information to drivers in advance on available parking spaces. Moreover, it has been observed that the integration of advanced analytics into telematics data will provide transparency in data, prevent the risk of cyber-attacks, and attain customer’s trust. Furthermore, data analytics software provide better parking facilities to consumers and prevent traffic congestions.
In terms of geography, the Americas accounted for the maximum market shares during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the market’s growth in the region is North America, which contributes maximum revenue in the market because of the rising demand from automobile industries in the US and Canada for controlling traffic congestion issues. In addition, it has been observed that the increasing need for energy management solutions, availability of low-cost devices, and
Overview of the global RTLS market
Technavio’s market research analyst predicts the global RTLS market to grow steadily at a CAGR of above 46% by 2021. One of the primary growth drivers for this market is the reduction in the cost of radio-frequency identification (RFIDs). RFID tags are broadly used across numerous sectors, such as logistics, automotive, construction, mining, oil and gas, retail, healthcare, sports, and education, for asset tracking and workforce management. Due to the increase in its adoption rate and competition among vendors in the industry, the cost for RFIDs is declining exponentially. Such declining cost will contribute to the RTLS market significantly over the next few years.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market over the next four years. The US is the highest revenue contributor to this market in the region. The primary factor responsible for the surging dominance of the US is the high adoption of RFID tags and RTLS solutions. Most transportation and logistics, hospitals, enterprises, retailers, and automobile companies are installing RTLS to attain seamless operations. It is expected that the demand for RFID tags will increase in Canada and Brazil because of the surge in adoption of tags in SMEs and hospitals in the coming years.
Competitive landscape and key vendors
The competition among RTLS equipment and services providers has been intensifying rapidly. With the increasing use of RTLS in retail, automotive, manufacturing, and oil and gas sectors, many
Overview of the global industrial communication market
Technavio’s market research analyst predicts the global industrial communication market to grow at a CAGR of close to 13% between 2017 and 2021. There is an increasing need to support data applications and voice services for remote workers with Internet communications through rugged PC terminals. Applications such as water treatment, power generation, and real-time wireless video surveillance require high quality of service (QoS) and high data rates, which will boost growth prospects for the overall industrial communication market. The rise in the use of connected devices in industrial control systems (ICS) has enhanced productivity and profitability for companies. The integration of industrial-based devices will improve the operational areas, minimize downtime, augment the reliability of systems, and optimize processes. Moreover, with the rapidly emerging several new and innovative Fieldbus solutions, the market for industrial communication will observe massive growth during the forecast period.
Ethernet is becoming the network of choice for robots, machine OEMs, and end-users to connect controllers, human machine interfaces (HMIs), distributed I/O, instruments, and sensors to each other within a machine or a robot. Ethernet is gaining popularity because of its ubiquity and better price/performance ratio over other communication networks. The adoption of IE is
Overview of the global small cell market
Technavio’s market research analyst predicts the global small cell market to grow steadily at a CAGR of around 19% by 2021. One of the primary growth drivers for this market is the advances made in the mobile broadband technology. Mobile broadband technology and LTE for transmitting high-speed data, video, and voice, have become the mainstream standard for mobile communication. Also, advances in existing technologies such as land mobile radio (LMR) systems have augmented the demand for such services for public safety. Numerous public safety agencies are focusing on improving the security of their systems, which further boosts the demand for advanced technologies such as LTE and voice over long-term evolution (VoLTE). The ability to provide quicker user experience even from a low power, cost-effective location will augment the growth of small cell market over the next few years.
In terms of geography, the Americas accounted for the maximum market share during 2016. Factors such as increased penetration of Internet-enabled devices, growth in mobile data traffic, and availability of faster Internet connections drive the market growth in the Americas. The US contributes the maximum revenue to the market. However, due to market saturation in the region and the rapid growth rate in shipments and deployment of 3G small cells and 4G/LTE small cells globally, the growth rate of the America is expected to
Overview of the global smart parking market
Technavio’s market research analyst predicts the global smart parking market to grow steadily at a CAGR of above 18% by 2021. One of the key factors responsible for this market is the growing adoption of intelligent transportation systems (ITS). With increasing congestion on urban roadways, safe, efficient, and accessible public transportation has become a top priority in the recent years. Intelligent public transportation solutions provide application-enabling network services to securely connect public transit operations. Intelligent transportation systems enable operators to securely gather, analyze, and distribute networked resources in real time. For instance, Lyft, a ride-sharing service has been supported by General Motors to collaborate on the internet of things (IoT) projects and provide efficient public commuting services. Also, the rising rate of development of smart cities and the availability of 4G networks will augment the growth of the smart parking market over the next few years.
One of the latest trends gaining traction in this market is the increased demand for electronic payments. Electronic payment provides benefits to both the parking facility operators as well as consumers. Cashless payment, with the help of debit cards or credit cards, simplifies the payment process for customers and reduces congestion at the entrance and exit gates of parking lots. Various technologies such as magnetic