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(Wireless-NewsWire.Com, September 20, 2018 ) 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.
Machine to machine or M2M satellite communication is defined as the communication of data from remote locations that are transmitted through satellite networks and then delivered to the user, who is then able to respond to the information received. M2M satellite communication can aid in the communication between remote assets. The service uses the sensor network and is highly reliable and cost efficient while at the same time having ubiquitous coverage.
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The successful co-existence of satellite and mobile technology and the low infrastructure cost that is associated with the integration of satellite into an M2M system has led to the innovation of several systems such as the increasing number of cloud-based service providers and the growing demand for enriched data communication. These factors are driving the M2M satellite communication market size to grow. Some security concerns, the lack of infrastructure to support devices and less knowledge about technology are the restraints for the growth of the M2M satellite communication market.
Competitive Landscape:
The major players in the market are as follows:
Teliasonera AB
Orbcomm, Inc.
Viasat
Inmarsat Communications, Inc.
Orange S.A.
Iridium Communications, Inc.
Hughes Network System LLC
Globalstar, Inc.
Rogers Communications, Inc
Kore Telematics
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