Market reports on India presents the latest report on “Market Forecast by India Machine to Machine (M2M) upto 2015-2021” http://www.marketreportsonindia.com/consumer-goods-market-research-reports-13327/india-machine-market-forecast-hardware-connectivity-services-applications-regions.html The report provides unbiased and detailed analysis of the on-going trends, opportunities, high growth areas, and market drivers.
18th Nov 2015, – Navi Mumbai, India: Market reports on India presents the latest report on “Market Forecast by India Machine to Machine (M2M) upto 2015-2021”. The report thoroughly covers the market by M2M ecosystem by hardware, connectivity, services, applications, and regions.
Increasing demand for connected devices, rising awareness, penetration of smart devices are some of the factors driving the growth of M2M market in India. New government initiatives such as 100 smart cities project coupled with increasing country's IT spending is further expected to fuel the M2M market in India. The country is also exhibiting installation of fourteen smart grids and 130 million smart meters in the coming years, which would spur the M2M market in utility application.
India M2M market is estimated to generate $7.10 billion by 2021. In India's M2M market, M2M service segment accounted for majority of the market revenue generated from verticals such as automobile & transportation, utilities, retail & financial services, healthcare, and agriculture. However, during 2015-21, share of M2M connectivity segment would increase owing to growing opportunities of telecom companies in M2M space.
Amongst all applications, automobile, transportation and logistics vertical has led the market and is expected to maintain its marker dominance through the forecast period.
“India's M2M Market (2015-2021)” provides in-depth analysis with 40 figures and 14 tables covered in 119 pages. The report thoroughly covers the market by M2M ecosystem by hardware, connectivity,...