DALLAS, Aug. 25, 2014 /PRNewswire-iReach/ -- One emerging trend in the market is an increase in the number of cyber-attacks on M2M networks. The Consumer Electronics and Automotive sectors have been witnessing a number of cyber-attacks over the years, which are likely to increase during the forecast period of 2013-2018 leading to more end-users investing in M2M network security products.
Analysts forecast the Global M2M Network Security market will grow at a CAGR of 22.9 percent over the period 2013-2018. According to the report, The Global M2M Network Security market is majorly driven by the rise in adoption of M2M applications. M2M applications provide huge benefits for organizations; however, the rise in M2M connections and intelligent remote machines increases the vulnerability of networks. This leads to organizations increasingly adopting network security solutions.
M2M communications enable data sharing between two or more machines in real time. A sensor attached to the machine captures the event and relays through a secure network, which can be wireless or wired. It then collects at the other side to initiate the necessary action. M2M communications have numerous advantages for organizations as it reduces human intervention and enables task automation, which significantly improves an organization's resources and business efficiency.
M2M network security provides protection at the device level in the form of embedded SIM and at the network level in the form of gateways. Securing an organization's network is of paramount concern as cyber-attacks have become increasingly sophisticated. The adoption of M2M connections is set to witness rapid growth in the coming years.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global M2M Network Security Market for the period 2014-2018. The report considers revenue generated from the sales of M2M network security products, which includes embedded SIMs and gateways. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global M2M Network Security Market. The report also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
The report recognizes the following companies as the key players in the Global Machine to Machine Network Security Market: Axeda Corp., Cisco Systems Inc., ILS Technology LLC and Sierra Wireless Inc.
Other Prominent Vendors in the market are: Digi International, Eurotech, Gemalto, Netcomm, Novatel Wireless, Numerex , Option, Qualcomm, Rotalec , Systech Corporation and Ventus Wireless.
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- Growing Adoption of M2M Applications
- For a full, detailed list, view our report
- Emergence of Hackers
- For a full, detailed list, view our report
Further, the report states that complexities during the implementation of M2M network security solutions is one major challenge in the market. An organization's network is prone to vulnerabilities and security risks with its growth and complexity. Managing security in such large networks is a critical issue, especially in every end-point.
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