2014-02-24 05:30:01 - Global Machine-to-Machine Communication in Intelligent Buildings Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Intelligent Building M2M market is to grow at a CAGR of 22.36 percent over the period 2012-2016. One of the key factors contributing to this market growth is growing popularity of 3G and 4G networks. The Global Machine-to-Machine Communication in Intelligent Buildings market has also been witnessing increased adoption of cloud-based M2M platforms. However, requirement of high initial investment could pose a challenge to the growth of this market.
The main trend witnessed in the Global M2M Communication in Intelligent Buildings market is the increased adoption of cloud-based M2M platforms. The adoption of M2M technology leads to an increase in the number of connected devices, which results in a dramatic increase in data that needs to be stored, analyzed,
and reported whenever required. Thus, service providers would require increased computing power, which can be provided by cloud-based M2M platforms. Hence, the increased adoption of cloud-based M2M platforms is expected to have a positive impact on the growth of the Global M2M Communication in Intelligent Buildings market during the forecast period.
One of the main drivers in this market is the growing popularity of 3G and 4G networks. 4G technology is becoming extremely popular in developed nations, because of which the deployment of 4G networks is growing at a rapid rate. Moreover, due to the high popularity of data services, service providers in the developing economies are increasingly investing in 3G networks. The development of 3G networks facilitates the usage of M2M applications such as remote information display, video surveillance, etc.
One of the major challenges in this market is the need for high initial investment for M2M applications. Added to this, M2M applications function effectively only on 4G networks that are LTE and WiMAX-enabled. However, 4G networks are currently found only in very few countries. Hence, service providers need to make significant investments to upgrade their networks.
Key vendors dominating this space include AT andT Inc., Orange Business Services, Verizon Communications Inc., Vodafone Group plc
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