Lewes, DE -- (SBWire) -- 04/20/2015 --Report forecast the Global M2M Services Market in the Retail Industry to grow at a CAGR of 34.30 percent over the period 2015-2019.
In the Retail industry, M2M services are used for real-time payments and transactions. This technology is used in vending machines to track purchases, inventory level, and sales from a remote location and also in ATMs, parking meters, transport management, smart cashier management, security and surveillance, and customer analysis. Financial institutions and banks use M2M technology to track remote financial transactions at retail stores.
The Global M2M Services market in the Retail industry has been segmented into five categories based on application: POS Devices, ATMs, Vending Machines, Parking Meters, and Public Transport Ticketing Devices.
According to the report, the use of M2M services for point of sale payments has expanded. Advances in wireless technologies, which have evolved significantly over the years, have led to a corresponding increase in the use of M2M services in POS terminals. Many retailers worldwide use M2M technology to execute secure real-time payments and transactions. Consumers also use the technology while making online payments through POS terminals.
Further, the report states that the lack of standardization among M2M devices is damaging the growth prospects of the market. The M2M ecosystem comprises many players, and therefore standardization among devices from different manufacturers is an essential prerequisite to deal with interoperability issues. The M2M value chain comprises manufacturers, connectivity providers, application service providers, service providers, sellers, and re-sellers.
The Global M2M Services Market in the Retail Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.
Key players in the Global M2M Services Market in the Retail Industry: AT&T Inc., Rogers Communications Inc., Verizon Wireless (Verizon Communications Inc.) and Vodafone Group plc
Other Prominent Vendors in the market are: Cantaloupe Systems, CCV, Coinco, cStar Technologies, CyberNet, FARA, FAS International, Indra, INIT, Jofemar, Margento, MEI, Metric Group, Microtronic, N&W Global Vending, Nayax, POM, Royal Vendors, Siemens, Smarcom, USA Technologies, VendScreen, Vianet, Vix AND Wittern Group
Key Regions
- Americas
- APAC
- EMEA
Market Driver
- Increased Use of M2M Services for POS Payments
- For a full, detailed list, view our report
Market Challenge
- Lack of Standardization
- For a full, detailed list, view our report
Market Trend
- Increased Use of M2M for Digital Signage
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 93 pages, "Global M2M Services Market in the Retail Industry 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Connection, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-m2m-services-market-retail-industry-2015-2019
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