Market Snapshot:
M2M or Machine to Machine refers to direct communication between devices without human interfacing or interaction using any communication channel. The sensors of varying types will collect information, and then relay it to a central point of some description. While many use the terms interchangeably, M2M and IoT are not the same. IoT needs M2M, but M2M does not need IoT. In today’s time many industries are deploying IoT sensors and devices for predictive maintenance and to enhance productivity. M2M is among the fastest-growing types of connected device technologies in the market right now, largely because M2M technologies can connect millions of devices within a single network.
Highlights from Machine to Machine M2M Connections Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.0% |
The key Players profiled in the report are Thales (France), AT&T Intellectual Property (United States), Verizon (United States), Vodafone Group (United States), Deutsche Telekom AG (Germany), Orange Business (France), Telefónica S.A. (Spain), NTT Communications Corporation (Japan), Qualcomm Technologies, Inc. (United States) and Aeris (United States). Additionally, other players that are part of this comprehensive study are Cisco Systems, Inc. (United States), Huawei Technologies Co., Ltd. (China), NXP Semiconductors (Netherlands), Texas Instruments Incorporated (United States) and Intel Corporation (United States).
Geographic Breakdown and Segment Analysis
The Global Machine to Machine M2M Connections market presents a comprehensive analysis of the Machine to Machine M2M Connections market by end-user/application (Remote Monitoring, RFID, Sensor Networking, Smart Services, Telematics and Telemetry and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Machine to Machine M2M Connections industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Machine to Machine M2M Connections market
Analyst at AMA have segmented the market study of Global Machine to Machine M2M Connections market by Type, Application and Region.
Influencing Trend:
Growing Popularity of Wireless Connectivity Technology and Evolution of 5G Networking
Market Growth Drivers:
Increasing Automation, Adoption of IoT Devices or Sensors, Higher Demand of Big Data Analytics in Various Industries and Increasing Use of M2M Connections in Automotive and Logistics for Telematics and Fleet Tracking
Challenges:
Limited Bandwidth While Connecting Over Cellular Data
Restraints:
Growing Security and Privacy Concern of Data and Lack of Standard Protocols
Opportunities:
Increasing Adoption of Connected Medical Devices in Healthcare Sector for Remote Monitoring and Real-time Access to A Patient’s Health Data
Market Developments Activities:
In March 2021, Sierra Wireless acquired Auckland-based technology firm M2M One NZ to expand its footprint in the Australia and New Zealand region. M2M One NZ provides wireless products and services for the Machine to Machine (M2M) and IoT industries. With this acquisition company’s core focus will be to scale up its connectivity business and add cloud-based solutions, commonly called device-to-cloud.
In February 2022, Vodafone launched a global “Economy of Things” platform that enables connected devices to trade with each other. This platform is an exciting development in the field of M2M connectivity. Enables connected devices, vehicles, and machines to buy and sell from each other, facilitating automated interactions without human intervention.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Machine to Machine M2M Connection Service Providers, Machine to Machine M2M Connection Solution Manufacturers, Suppliers & Distributors of Machine Machine M2M Connection Solution, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-use Industries and Others