M2M Network Security Market by End User (Consumer Electronics, Automotive, Healthcare, Intelligent Buildings, Utility, and Others)
Machine to machine (M2M) incorporates technologies that facilitate wired and wireless communication between devices with similar technical compatibility. M2M network security deals with the protection of M2M network form potential threats and viruses that affect daily business operations.
Security forms an integral part of a system as data theft or breaches results into huge monetary losses to organizations and government institutions.
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Rise in need for advanced security solutions, increased market for long-term evolution (LTE) wireless broadband, and technological advancements regarding high speed internet connection among consumers & enterprises drive the global M2M network security market.
The proliferation of connected devices, Internet of Things (IoT), and presence of innovative solutions from industry players is crucial for all end users. However, presence of lack of accuracy related to M2M security is expected to impede the market growth.
Growth in demand for cloud-based solutions is expected to create lucrative opportunities for the market during the forecast period.
The global M2M network security market is segmented on the basis of end user and geography. Based on end user, it is divided into consumer electronics, automotive, healthcare, intelligent buildings, utility, and others.
Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global M2M network security market is dominated by key players such as SIMCom Wireless Solutions, Numerex, Cisco Systems, KORE Wireless, Gemalto, PTC, NetComm Wireless, EUROTECH, Novatel Wireless, Digi International, and others.
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