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The Global M2M Satellite Communication Market was valued at USD 3.83 billion in 2016 and is projected to reach USD 10.74 billion by 2025, growing at a CAGR of 12.12% from 2017 to 2025.
M2M satellite communication can be defined as a process where data is transmitted through satellite networks from remote locations and allows user to respond to the information received. M2M satellite communication helps to connect remote assets, uses the sensor network, transforms transportation infrastructure, highly reliable, cost, and has ubiquitous coverage.
1. Market Drivers
1.1 Increasing Number of Cloud-based Service Providers
1.2 Co-existence of Satellite and Mobile Technology
1.3 Low Infrastructure Cost Associated with Integration of Satellite into M2M System
1.4 Growing Demand for Enriched Data Communication
2. Market Restraints
2.1 Security Concerns
2.2 Less Knowledge about the Technology
2.3 Infrastructure to Support Devices
The Global M2M Satellite Communication Market is segmented on the basis of service, network devices, technology, vertical, and region.
1. By Service:
1.1 Business Service
1.2 Data Service
1.3 Managed Service
1.4 Voice Service
2. By Network Devices:
2.2 Satellite IP Terminals
2.3 Satellite Modems
3. By Technology:
3.3 Satellite Telemetry
4. By Vertical:
4.2 Transport and Logistics
4.5 Security and Surveillance
4.6 Oil and Gas
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Teliasonera AB
2. Orbcomm, Inc.
4. Inmarsat Communications, Inc.
5. Orange S.A.
6. Iridium Communications, Inc.
7. Hughes Network System LLC
8. Globalstar, Inc.
9. Rogers Communications, Inc
10. Kore Telematics
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global M2M Satellite Communication Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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