Research and Markets has announced the addition of the “Global M2M Wireless Services Market 2012-2016” report to their offering.
The analysts forecast the Global M2M Wireless Network Services market to grow at a CAGR of 29.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the new income opportunities for Mobile Network Operators. The Global M2M Wireless Network Services market has also been witnessing the trend of global telecom heading towards the data era. However, the lack of coordination among the members of the fragmented value chain could pose a challenge to the growth of this market.
The key vendors dominating this market space are China Mobile, AT&T, Vodafone, and Verizon Communications Inc.
Other vendors mentioned in the report are T-Mobile, Telefonica, China Telecom, Telenor, Sprint, Orange, KPN and Others.
Commenting on the report, an analyst from the team said: As a result of technological advancement, customers are increasingly shifting from voice services to data services. With the increasing M2M services more traffic is generated by machines than humans. Currently, people are willing to pay more in order to get better services depending on their requirements. The global market has the capability of consuming millions of M2M devices assuming an availability of a steady state of data services. The existing infrastructure and coverage of telecom operators is helping to spread the value-added data services.
According to the report, the Global M2M Wireless Network Services market is witnessing enormous growth opportunities as the MNOs are looking for alternative income opportunities. With its transition into a data era, the Global Telecom industry with its strong mobile subscription base is finding new income opportunities. The Global Telecom market with a subscriber base of over six billion is one of the largest marketplaces. With the increasing churn scenario, even the expanding customer base is failing to drive the revenue for the operators. The growth of data is surpassing voice significantly in this fading market where there is continuous pressure of competitive price drops. Hence, new income opportunities for MNOs are driving the Global M2M Wireless Network Services market.