Machine-to-Machine (M2M) Connections Market projected to grow at a CAGR of 9.9% and is expected to reach USD 27.05 Billion by 2023

Global Machine-to-Machine (M2M) Connections Market, By Technology (Wired Technologies, Wireless Technologies) by Product (Mobile point of sale devices, IoT &M2M Modems, Routers, Wireless beacons), by End Users (Automotive & Transportation, Consumer Electronics, Security & Surveillance, Utilities, Healthcare, Retail) by Forecast 2023

According to Market Research Future Analysis, global Machine-to-Machine (M2M) Connections market has been valued at US $ 27.05 Billion by the end of forecast period with 9.9% of CAGR during forecast period 2017 to 2023.

Market Highlights:

The Machine-to-Machine (M2M) Connections is gaining huge demand of the Internet of Things will add significant value across the global economy, that is optimizing the business processes, create new services and generate business opportunities. It has been analyzed that in the major drivers for the growth are the growing penetration of the Internet in emerging economies and favorable regulatory mandates. Moreover, the increasing M2M connections in various industries such as automotive and transportation held the largest market share, followed by the utilities vertical that will further accelerate its market growth.

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The study indicates that the growing penetration of the Internet connectivity, favorable regulatory mandates, and growing adoption of new connectivity technologies such as 4G/LTE, IoT, Smart device connection further drive the growth of the M2M connections market. The various key driving factors for the growth of the Machine-to-Machine (M2M) Connections market are mergers & acquisition, partnership, and collaborations of the companies.

Machine-to-Machine (M2M) Connections Market Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the Machine-to-Machine (M2M) Connections Market : 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), and U-blox Holding AG (Switzerland), Company AB (Sweden) and Verizon Communications, Inc. (U.S) among others.

Machine-to-Machine (M2M) Connections Market Segmentation:

The Machine-to-Machine (M2M) Connections Market has been segmented on the basis technology, product, end users and region. Looking through the end-user segment, the healthcare providers and other participants in this market are making significant investments in M2M solutions. While, the M2M services are mainly used for the remote monitoring of cars and theft recovery in the automotive industry. The areas that are driving this growth will be the automotive industry, with new smart cars, utility companies with transportation, healthcare and security. The growth-driving vertical markets such as intelligent buildings, consumer electronics, automotive and healthcare, utilities. All the components are made in order to have a long life and our experiences are so good that it has given us the necessary confidence to offer the best guarantee on the market.

Market Research Analysis:

On geographic basis, Machine-to-Machine (M2M) Connections market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Machine-to-Machine (M2M) Connections market as the wide-scale adoption of M2M connectivity technologies in several industries such as manufacturing, BFSI and among others is the key factor supporting the growth of the M2M connections market in this region. The developing economies in Asia-pacific regions like China, Japan, India and others are propelled to good growth in the Machine-to-Machine (M2M) Connections market. Asia Pacific is growing most quickly, buoyed by the tremendous investments being made in China

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

By end-user segment, the automotive sector is experiencing a growing trend wherein smart cars, and transport systems are applying M2M systems to enhance safety and functionality. Many technology sectors stand to benefit from this new world order, including mobile network operators and fixed broadband providers, system integrators, cloud service providers, mobile app developers, sensor and wireless infrastructure vendors, and purveyors of Big Data infrastructure and analytics.

By Region, MRFR analysis shows that North America accounted for the largest share of the Machine-to-Machine (M2M) Connections market. North America is one of the fastest-growing markets owing to factors such as technological advancements, advanced infrastructure, and higher disposable income. The APAC for the M2M market is expected to grow at the highest CAGR in the forecast period. The machine-to-machine (M2M) connections in Asia expected is to be more than triple in the coming years, local wireless operators have banded together in a group dedicated to facilitating M2M deployments in the region. China is heavily state-driven, with strong government support for the Internet of Things and smart-city development. This parallels the country’s growing connected-car market, which is more market driven.

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Intended Audience
:
• Machine-to-Machine (M2M) Connections device manufacturers
• Technology Providers of Machine-to-Machine Systems
• Technical Universities
• Research Institutes and Organizations
• Component Suppliers
• Machine-to-Machine Equipment Manufacturers
• Suppliers and Distributors of Machine-to-Machine (M2M) Connections
• Standardization and Testing Firms
• Raw material and manufacturing equipment suppliers

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