About M2M Wireless Services
The M2M wireless services use a machine to machine communication using an intelligent device embedded within a machine to provide reliable and cost-effective remote management and connectivity communication. This technology helps sin core activities of businesses like tracing, security, vending fleet management, point of sale (POS), and several others. The M2M wireless services can be offered as a platform as a service and software as a service and manage the communication between industrial machinery, assets, sensors, and workers.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
Analyst at AMA Research estimates that united States Players will contribute the maximum growth to Global M2M Wireless Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vodafone Group Plc (United Kingdom), Cisco Systems, Inc. (United States), Verizon Communications Inc. (United States), Oracle (United States), Microsoft (United States), IBM (United States), Telefónica, S.A (Spain), Telenor ASA (Norway), Deutsche Telekom AG (Germany), Orange SA. (France) and M2M Wireless (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sierra Wireless (Canada) and ZTE Corporation (China).
Segmentation Overview
AMA Research has segmented the market of Global M2M Wireless Services market by , Application (Smart Meters, Smart Asset Tracking, Wearable Technologies, Supply Chain Management (SCM) Solutions, Telemedicine and Others) and Region.
On the basis of geography, the market of M2M Wireless Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the M2M Wireless Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Wireless Fidelity (Wi-Fi) will boost the M2M Wireless Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Platform as a Service will boost the M2M Wireless Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of IoT, Artificial intelligence (AI), and Machine Learning (ML) in Wireless Services
Market Growth Drivers:
Growing Demand for Operational Efficiency and Effectiveness while Reducing Human Errors in Transferring Critical Information Required for Business Operations
Challenges:
Big Data Concerns Associated with Security and Ownership Hindering the M2M Wireless Services Market
Restraints:
M2M devices are expected to operate without human direction. This increases the potential of security threats, such as hacking, data breaches and unauthorized monitoring.
Opportunities:
Surging Demand for M2M Wireless Technology Supply Chain Management Solutions, Telemedicine and Other Applications
Market Leaders and their expansionary development strategies
In January 2020, Sierra Wireless, Inc. the leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy, announced that it has completed the previously announced acquisition of the M2M group of companies in Australia. Total cash consideration paid to the shareholders of the M2M Group was US dollar 19.6 million (US dollar 17.0 million, net of cash acquired) plus approximately US dollar 1.1 million for the retirement of certain obligations, subject to normal working capital adjustments.
In March 2021, Sierra Wireless acquires Auckland-based technology firm M2M One NZ. Sierra Wireless offers a broad portfolio of edge-to-cloud solutions, comprised of embedded and networking devices seamlessly integrated with network connectivity services and cloud software. OEMs and enterprises worldwide rely on Sierra Wireless’ 25 years of expertise in delivering fully integrated solutions to reduce complexity, turn data into intelligence and get their connected products and services to market faster.
Key Target Audience
M2M Wireless Services Providers, M2M Wireless Services Industry Association, M2M Wireless Technology Developers, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.