In accordance with these developments, the market for transportation, retail and home and buildings have been witnessing significant growth over the last few years, with the M2M adoption expected to increase over the next five years as well in various verticals in India.

"Increase in number of government projects such as mandatory use of GPS and e-calls in commercial passenger vehicles; smart cities; smart transportation; and smart grids is driving the machine-to-machine (M2M) modules market in the country. Consumer electronics segment, in terms of connected M2M devices, is expected to continue its dominance in the Indian market in the coming years. 

Increasing adoption of satellite M2M module in supply chain & logistics, energy and utilities, retail and transportation segment to provide real-time remote monitoring and tracking of assets for enhanced security; government's M2M standardisation initiatives; growing trend of combination modules to go hand-in-hand with the trend of miniaturisation of devices to provide better functionality and features are among the major factors driving M2M module sales in the country.", said Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"India Machine-to-Machine (M2M) ModulesMarket Forecast and Opportunities, 2020" has evaluated the future growth potential of India machine-to-machine (M2M) modules market and provides statistics and information on market structure, size, share and future growth of India M2M modules market.

The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities present in India Machine-to-Machine (M2M) modules market.

End