ID: MRFR/SEM/2530-HCR | February 2021 | Region: Global | 100 pages
Global Machine-to-Machine (M2M) Connections Market are transforming industries and creating tremendous opportunities for M2M module vendors around the world. Along with the M2M, IoT is making huge growth in the M2M market, globally. However, the Internet of Things will consist primarily of machines talking to one another, with computer-connected humans observing, analyzing and acting upon the resulting the big data explosion, will shaping up the growth of machine to machine connections. The study indicates that the short range technology is dominating M2M connections. In 2017, it has been observed that about 73% of M2M devices is connected by short-range technologies, mostly WiFi. The wireless wide area network connections will grow from 750 million at the end of 2017 to 2.6 billion in 2023. The most important WWAN sector is automotive including pay-as-you-drive insurance, eCall and security and tracking. At the end of 2017, the M2M accounted for 15% of cellular connections and by 2023, this will reach 22%. The global Machine-to-Machine (M2M) Connections market is expected to grow at USD 27.05 Billion by 2023, at 9.9 % of CAGR between 2017 and 2023.
Study Objectives of the Machine-to-Machine (M2M) Connections Market
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Machine-to-Machine (M2M) Connections market.
To provide insights about factors affecting the market growth.
To analyze the Machine-to-Machine (M2M) Connections market-based porter’s five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
To provide country-level analysis of the market with respect to the current market size and future prospective.
To provide country-level analysis of the market for segment on the basis of technology, product, end-users and region.
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Machine-to-Machine (M2M) Connections.
The prominent players in the Machine-to-Machine (M2M) Connections Market are – AT&T Inc. (U.S), Deutsche Telekom A G (Germany), NTT Data (Japan), Telenor Group (Norway), Intel Corporation (US), Texas Instruments Incorporated (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), Telit Communications (UK), U-blox Holding AG (Switzerland), and Verizon Communications, Inc. (U.S) among others.
Global Machine-to-Machine (M2M) Connections Market has been segmented on the basis of Technology, Product, End Users and Region.
Machine-to-Machine (M2M) Connections Market by Technology
Machine-to-Machine (M2M) Connections Market by Product
IoT & M2M Modems
Modules Mobile point of sale
Machine-to-Machine (M2M) Connections Market by End-User
Government and defense
Automotive & Transportation
Security & Surveillance
Machine-to-Machine (M2M) Connections Market by Region
Asia Pacific (APAC)
Rest of the World (ROW)
The regional analysis of the Machine-to-Machine connections market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. In North America, it has been estimates that 65% of M2M service revenue is accounted for by the service wrap and 35% by the provision of connectivity. While, the majority of the revenue comes from service enablement with the remainder coming from the provision of basic short range connectivity. While in Europe, the operators such as Vodafone and Deutsche Telekom are already seeing modest success in the connected health market, is anticipated to be the leading region.
Machine-to-Machine (M2M) Connections device manufacturers
Technology Providers of Machine-to-Machine Systems
Research Institutes and Organizations
Machine-to-Machine Equipment Manufacturers
Suppliers and Distributors of Machine-to-Machine (M2M) Connections
Standardization and Testing Firms
Raw material and manufacturing equipment suppliers
Semiconductor wafer vendors
Safety equipment manufacturers
Frequently Asked Questions (FAQ) :
The global market of machine-to-machine connections is likely to expand at 9.9 % CAGR and value at USD 27.05 billion by 2023 due to key players making constant effort to launch effective technologies that can improve the quality of human life.
AT&T Inc. (U.S), NTT Data (Japan), Deutsche Telekom AG (Germany), and Telenor Group (Norway) are some top-notch players of the machine-to-machine connections market.
The automobile sector, followed by transportation and security and surveillance sectors are identified as major users of machine-to-machine connections.
The advent of IoT, cloud, and other wireless connectivity technologies is expected to bolster the machine-to-machine connections market growth.
North America is expected to contribute about 65% of the total revenue generated by the global M2M market. Thus, it can be concluded that the M2M connectivity market in the North America can secure the pole position.