ID: MRFR/ICT/8970-HCR | March 2021 | Region: Global | 141 pages
Cell or mobile infrastructure has undergone significant improvements since the launch of 2G networks, GPRS, 3G, LTE and more recently, 5G mobile technologies. Users will also access the internet at fast speeds and download high-definition content to their smart mobile devices. Advancements in technology have also facilitated developments in the IoT sector. Cellular networks are wireless technologies that provide secure and reliable data transmission functionality over long distances to IoT devices. Machinery is now an integral part of the connectivity network, from industry to smart homes. Machine-to-machine (M2M) connectivity is the primary mode of these computers, and automatically supports humans in different ways. So many more M2M devices are focused on cellular networks, taking advantage of greater coverage and lower network launch costs. Actually, machine terminals connecting to cellular networks are much like mobile phones, suggesting a dynamic protocol stack, power consumption and high cost, which are the key barriers to the introduction of computers.
M2M communication facilitates universal networking between autonomous vehicles and/or Internet connectivity to MTC devices. M2M connectivity is separate from human-to-human (H2H) communication, which includes primarily voice calls, texting, and web surfing. The aim of M2M communications is to enhance the strength of automated systems by enabling devices and systems to exchange and transfer data.
The cellular M2M market size is projected to grow from USD 12.8 billion in 2020 to USD 27.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.43% during the forecast period. The growth in the need for risk assessment and management, the decrease in the cost of communication applications and the increasing adoption of the Internet of Things have propelled the demand for cellular M2M. The rising need for wireless connectivity has led to a need for a single M2M network. Moreover , growing demand across the IT & Telecom sector is expected to boost market growth significantly. The cellular M2M market is witnessing popularity as technology enables data or information transfers to remote locations on the condition of physical devices and properties for efficient control and monitoring. In addition, factors such as network connectivity , the need to enhance business operations , and increased revenue sources are also considered to have a strong effect on significant growth during the forecast period.
Global Cellular M2M Market, 2018 – 2026 ( USD Billion )
Source: MRFR Analysis
Impact of COVID-19
In order to make sure continuation of business in the midst of the COVID-19 crisis, business organizations, especially in the highly impacted countries , are encouraging their workers to operate from home. The growth in the number of people operating from home has contributed to an increase in demand for internet video streaming, uploading and connectivity through video conferencing, all of which has led to increased network traffic and data use. COVID-19 accelerates the need for agile and mobile work models and further promotes the introduction of contact services that aim to boost the work-life balance. The current pandemic has forced telecommunications operators around the world to evaluate their network resilience and reassess their planned investments. Even then, technical advances and digitization in different countries are expected to keep up the market for M2M cellular solutions in major vertical sectors, such as healthcare and utilities, to minimize human interference.
Global Cellular M2M market has been segmented based on Services, Application, End-User, Organization Size, and Region.
Based on services, the cellular M2M market has been segmented into Connectivity services, Professional services, Managed services
Based on application , the cellular M2M market has been segmented into Asset tracking and monitoring, Predictive maintenance, Telemedicine, Fleet management , Warehouse management , Industrial automation , Smart meter , Others. Furthermore , the other segment is sub segmented into connected cars , point of sale ( POS ) , and digital signage
Based on end user , the cellular M2M market has been segmented into Healthcare, Energy and utilities, Transportation and logistics , Manufacturing , Others. Furthermore , the other segment is sub dived into Automotive and Retail
Based on Organization Size , the cellular M2M market has been segmented into Large Enterprises , Small and Medium Enterprises ( SMEs ))
Based on region , the cellular M2M market has been segmented into North America , Asia-Pacific , Europe , the Middle East & Africa , and South America
Geographically , the global cellular M2M market has been segmented into North America , Asia-Pacific , Europe , the Middle East & Africa , and South America
North America held the largest share in the cellular M2M market, followed by Asia-Pacific and Europe ; it is expected to continue to retain its dominance until the end of the forecast period. North America is one of the key markets for cellular M2M. The US accounted for the largest market share , followed by Canada and Mexico. Growing adoption of M2M cellular in North America's business operations would stimulate the global demand in the future. Emerging markets are expected to witness a broader opportunity for M2M cellular devices for the projected period. In addition , a massive ROI is anticipated in cellular M2M value-added services in developing economies due to better prospects for increased output in M2M value-added services. Asia Pacific (APAC) is expected to grow at the highest CAGR from 2020 -2026. Asia Pacific is another fast-growing region due to the fact that your own device trend is becoming increasingly common among small and medium-sized enterprises with a view to improving business continuity management and privacy risk management, which is expected to fuel global cellular M2M market growth.
The key players in the global cellular M2M market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include AT&T ( US ) , Verizon ( US ) , T-Mobile ( US ) , Deutsche Telekom ( Germany ) , Orange S.A. ( France ) , Telefonica ( Spain ) , Vodafone ( UK ) , Ericsson ( Sweden ) , Kore Wireless ( US ) , Aeris ( US ) , Arm holdings ( UK ) , China Mobile ( China ) , Infineon ( Germany ) , Thales Group ( France ) , Orbocomm ( US ) , Telit ( UK ) , Giesecke+Devrient ( Germany ) , Cubic Telecom ( Ireland ) , KPN ( Netherlands ) , A1 Digital ( Austria ) , SK Telecom ( South Korea ) , Rogers Communications ( Canada ) , Telenor Connexion ( Sweden ) , Truphone ( UK ) , and 1oT ( Estonia ) . These companies are focusing on market expansion through collaborations and partnerships and focus on inorganic strategies for development.
In October 2019 , AT&T collaborated with Vodafone Business to open up access for their respective NB-IoT networks to make it easier for customers to create massive IoT deployments that work across the U.S. and parts of Europe
In July 2020, Deutsche Telekom introduced LTE-M in Germany, allowing its consumers to gain applications to enable data transfer and analysis. LTE-M is intended to assist customers allow applications across a wide range of industry sectors via 5G-based LTE-M technology.
Key Questions Addressed by the Report
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Based on Services, Based On Application, Based on End User, Based on Organization Size|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||presence include AT&T ( US ) , Verizon ( US ) , T-Mobile ( US ) , Deutsche Telekom ( Germany ) , Orange S.A. ( France ) , Telefonica ( Spain ) , Vodafone ( UK ) , Ericsson ( Sweden ) , Kore Wireless ( US ) , Aeris ( US ) , Arm holdings ( UK ) , China Mobile ( China ) , Infineon ( Germany ) , Thales Group ( France ) , Orbocomm ( US ) , Telit ( UK ) , Giesecke+Devrient ( Germany ) , Cubic Telecom ( Ireland ) , KPN ( Netherlands ) , A1 Digital ( Austria ) , SK Telecom ( South Korea ) , Rogers Communications ( Canada ) , Telenor Connexion ( Sweden ) , Truphone ( UK ) , and 1oT ( Estonia )|
|Key Market Opportunities||
|Key Market Drivers||