Cellular M2M connections and services market in the US is expected to grow at a CAGR exceeding 25% in terms of services, and over 26% in terms of connections in the next five years, according to a new report by market research firm, Technavio. Technavio focused on the use of M2M technology in the healthcare industry, saying that its deployment can trigger a paradigm shift in the provision of healthcare in the US. The report also emphasizes the adoption of M2M cloud-based platforms by most MNOs that will help them in reducing CAPEX and time to market for their product and service launches.
"With the use of M2M services, common healthcare conditions such as blood pressure level, cardiac arrhythmia, and glucose level of diabetic patients can be monitored while patients are at home. M2M use in healthcare is a major trend that is expected to gain more traction during the forecast period and propel overall market growth,” says Faisal Ghaus, Vice President of Technavio. He added that, "Cloud-based platforms also help telecommunication operators in marketing, selling, integrating, developing, and supporting M2M connectivity and cloud services across different business verticals such as retail and automotive".
