What is M2M Communications Market Scope?
Direct connection between devices utilizing any communications channel, including wired and wireless, is known as machine-to-machine communication. Industrial instrumentation can utilize the machine to machine communication to allow a sensor or meter to send the data it collects to software that can use it.
Influencing Trend:
Rapid Digitalization of Advance Network Virtualization will Boost the M2M Communications Market
Market Growth Drivers:
Demand for Smart Grid in Utility sector’s is driving the M2M Communications Market and Increasing Demand for telematics in Automotive Industry
Challenges:
Lack of Technical Skills is Big Challenge in M2M communications Market and Security and Privacy Concern Due to Rise in Data Transfer Wirelessly is Hindering the Growth of the M2M Communications Market
Restraints:
Unavailability in Quality of Service in Developing Region and Requirement of High Initial Investments is Poised for M2M Communications
Opportunities:
Expanding Industries such as Utilities and Automotive & Transportation are High Growth Areas for M2M Communications Market and Low Power Consumption, High Reliability, and Quick Flexibility Boost the M2M Communications Market
The M2M Communications market study is being classified, by Application and major geographies with country level break-up.
The market also sees the entrance of small, niche companies specializing in a specific area and providing customized solutions. Competition is intense, with companies investing in research and development to create eco-friendly and high-quality packaging that meets the evolving preferences of consumers and regulatory requirements. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global M2M Communications market throughout the predicted period.
AT&T (United States), Cisco (United States), Gemalto (Netherlands), Honeywell International (United States), Intel (United States), M2M Group (United States), Symmetry Electronics (United States), Jasper Technologies Inc. (United States), Sierra Wireless (Canada), Sprint (United States), Telit Communications (United Kingdom), Texas Instruments (United States) and T-Mobile (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Verizon Communications Inc. (United States), Vodafone (United Kingdom) and Aries communications. Inc (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global M2M Communications market by Type, Application and Region.
On the basis of geography, the market of M2M Communications 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).
Market Influencers and their Development Strategies
In September 2020, Symmetry Electronics, a prominent global distributor of wireless, IoT, and video technologies announced a distribution partnership agreement with Signetik, a 14-year embedded solutions supplier specialized in embedded technologies and IoT devices. In this agreement partnership, Symmetry Electronics is licensed to offer Signetik products to the customers under this arrangement. With product options spanning from gateways to modems to sensors, Signetik offers modular IoT solutions that support Cellular, LoRa, Bluetooth, and Wi-Fi. With their broad software package, Signetik also aids engineers in achieving a rapid time-to-market. They are dedicated to providing high-quality items and exceptional customer service.
“As per ESTI TS 102 689 Machine to Machine communication, the M2M System must be able to facilitate communication between M2M Applications in the Network Domain and M2M Device Domain utilizing a range of communication techniques based on IP Access. The M2M System should encapsulate the underlying network structure, including any network addressing mechanisms utilized; for example, whether using IP static or dynamic addressing, session setup should be feasible. By providing simplified authentication methods for trustworthy M2M Applications, the M2M Core may be able to manage service request replies for these applications. Trusted apps, which have been pre-validated by the M2M Core, may be supported by the M2M system.”
Key Target Audience
M2M communications Manufactures, M2M communications Distributors and Suppliers, M2M communications International Traders, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others
M2M Communications Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD N) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in M2M Communications Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in M2M Communications industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.