One of the key factors contributing to this market growth is the increasing adoption of mobile devices.
Research and Markets has announced the addition of the “Global Cellular M2M Market in the Retail Industry 2012-2016” report to their offering.
The Global Cellular M2M market in the Retail industry has also been witnessing various technological advancements. However, the need for high capital investment could pose a challenge to the growth of this market.
The key vendors dominating this market space include AT and T Inc., China Mobile Ltd., Verizon Communications Ltd., and Vodafone Group plc.
The other vendors mentioned in this report are China Telecom Corp. Ltd., Deutsche Telekom AG, Gemalto N.V., Huawei Technologies Co. Ltd., KPN N.V., Novatel Wireless Inc., Orange S.A., Sierra Wireless Inc., SIMCom Wireless Solutions Co. Ltd., Sprint Nextel Corp., T-Mobile International AG, Telefonica S.A., Telit Wireless Solutions, and Telenor Group.
Commenting on the report, an analyst from the Telecom team said:
“Service vendors in the Global Cellular M2M market in the Retail industry are integrating latest technologies to encourage the adoption of cellular M2M technologies among customers.”
“To boost the adoption of these technologies, vendors are providing Wi-Fi and WiMAX services that enhance the performance of cellular M2M devices. Moreover, WiMAX technology is easy to access and also enables vertical integration. In addition, the adoption of 3G and 4G technologies leads to enhanced performance of cellular M2M devices as they become faster and more efficient. Therefore, these technological advancements are expected to increase the demand for cellular M2M services in the Global Cellular M2M market in the Retail industry.”