Reportstack has announced a new market research report on the Global M2M Services Market, which is expected to grow at a CAGR of 24.27 percent from 2014-2019.
The report draws attention towards increased use of M2M services in the automotive industry. Connected car M2M services are generally used for accessing emergency services, vehicle diagnostics and tracking a car's location in the event of vehicle theft, which has increased demand for these applications significantly over the past few years.
“Increased awareness among vehicle owners about safety is expected to fuel the growth of the Global M2M Services Market during the forecast period,”. “Additionally, M2M services are expected to help people save a considerable amount on fuel.”
The report also emphasizes evolving M2M technology, which plays a pivotal role in the improvement of supply chain processes. M2M services allow companies to improve their existing supply chain processes by enabling the remote monitoring of vehicles. “M2M services play an important role in tackling supply chain challenges and help in improving overall efficiency, which boosts profits,”
To access full report with TOC, please visit Global M2M Services Market 2015-2019.