M2M is a technology that allows both wired and wireless systems to communicate with other similar devices. With this technology companies are able to use various M2M communication applications to transfer and control their data in areas without broadband networks. The crucial aspect of M2M (machine to machine) satellite communication is that it can reduce cost and can work in any region. Satellite has a worldwide reach and it is highly scalable.
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There is a significant increase in the M2M satellite communication market because it ensures fast and increased return on investment made in M2M applications.
The key drivers of this market include increasing M2M applications and solutions and increase in demand for data communication, while the major restraints to this market are lack of market knowledge and lack of infrastructural facilities.
Some of the key players in the M2M satellite communication are Hughes Network System, Gemalto, Iridium Communications Inc., Globstar Inc., Kore Telematics, Orbcomm, Rogers Communications Inc., Orange SA and Teliasonera.
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