M2M Network Security Market to Grow at a 22.9% CAGR by 2018 - M2M Applications Adoption is the Major Driver

ReportsnReports.com offers Global M2M Network Security Market 2014-2018 market research report to its store.

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.

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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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Market Driver

  • Growing Adoption of M2M Applications
  • For a full, detailed list, view our report

Market Trend

  • 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.

Explore Other Reports on M2M Market:

Connected Car M2M Connections and Services Market in the US 2014-2018: Analysts forecast the Connected Car M2M Connections and Services market in the US will grow at a CAGR of 16.92 percent over the period 2013-2018.

Key Vendors

  • Bayerische Motoren Werke (BMW) AG
  • General Motors Co. (GM)
  • Gemalto S.A.
  • Sierra Wireless Inc.
  • Verizon Telematics Inc.

The Wireless M2M & IoT Bible: 2014 – 2020 - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts: The wireless M2M market to account for nearly $196 Billion in revenue by the end of 2020, following a CAGR of 21% during the six year period between 2014 and 2020. Eyeing this lucrative opportunity, vendors and service providers across the highly fragmented M2M value chain have become increasing innovative in their strategies and technology offerings which have given rise to a number of submarkets such as M2M network security, Connected Device Platforms (CDP) and M2M application platforms.

Global Cellular M2M VAS Market 2014-2018: Analysts forecast the Global Cellular M2M VAS market will grow at a CAGR of 37.24 percent over the period 2013-2018.

Connected Home M2M Market in the US 2014-2018: Analysts forecast the Global Connected Home M2M market in the US to grow at a CAGR of 35.61 percent over the period 2013-2018.

Global Connected Health M2M Services Market 2014-2018: Analysts forecast the Global Connected Health M2M Services Market to grow at a CAGR of 30.08 percent over the period 2013-2018. One of the key factors contributing to this market growth is an increase in aging population. The Global Connected Health M2M Services Market has also been witnessing the increasing demand for remote healthcare monitoring. However, the low quality of wireless networks could pose a challenge to the growth of this market.

The M2M Bible - Opportunities, Challenges, Strategies, Industry Verticals and Forecasts: 2013 - 2018: The wireless M2M market to account for nearly $136 billion in revenues by the end of 2018, following a CAGR of 23% during the five year period between 2013 and 2018. Eyeing this lucrative opportunity, vendors and service providers across the highly fragmented M2M value chain have become increasing innovative in their strategies and technology offerings which have given rise to a number of submarkets such as M2M Network Security, Connected Device Platforms (CDP) and M2M Application Platforms.

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SOURCE MarketsandMarkets



2014

Categories

Business, Science & Tech


Tags

High Tech Security, Computer Electronics, Surveys, Polls and Research




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