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Cellular M2M Connectivity Services Market Size, Share, Development by 2024– Top Key players like Amdocs,Telefonica,Vodafone Group PLC,Inc.
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Cellular based Machine to Machine (M2M) Value Added Services (VAS) is defined as the cellular value added connectivity process among distinct sim-enabled machines, to provide connectivity over multiple wireless networks, such as GSM, GPRS, CDMA, 3G, LTE, or WiFi and WiMAX. The cellular M2M market includes tailor-made applications such as video surveillance, remote diagnostics of vehicles, fleet management, asset tracking, theft recovery, and point-of-sale systems (POS) to provide business efficiency to different enterprises. Cellular M2M Value Added Services is being incorporated in many enterprises to ensure operational efficiency and to minimize losses associated with operational breaches.
M2M refers to machine to machine communication between any devices, including wired as well as wireless. It can include industrial instrumentation with a sensor to communicate with the application software about the recorded data, viz temperature, inventory level, no. of units, etc.
Therefore, the recent M2M communication has turned into a system of networks that transmits data into personal appliances. Proliferation of IP networks around the globe has enhanced M2M communications.
The global scenario for M2M communications is widening in emerging countries. Growing need for data reliability and efficiency, embedded telecommunications have paved a way for growth in the global market. Moreover, the decreasing cost of connectivity has also enabled the vendors to adopt an inclined approach towards wireless communications for its benefits. With cost-effective connectivity, the M2M devices are utilized widely across various verticals especially in insurance and automotive sectors. Even small scale enterprises are now adopting M2M value added services to ensure vehicle safety and security of vehicles and drivers.
The global Cellular M2M Connectivity Services market was 43700 million US$ in 2017 and is expected to 257000 million US$ by the end of 2025, growing at a CAGR of 24.8% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
AT&T Inc.
Verizon Communication
China Mobile Ltd
Vodafone Group PLC
Amdocs
Aeris Communications
Deutsche Telekom AG
Sprint Corporation
Sierra Wireless
Telefonica
Market Segment by Type, covers
Communication and Associated Services
Hardware and Associated Services
Software and IT Services
Market Segment by Applications, can be divided into
Automotive and Transportation
Consumer Electronics
Energy and Utilities
Healthcare
Retail
Security and Public safety
Others
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Related Information:
North America Cellular M2M Connectivity Services Market Growth 2019-2024
United States Cellular M2M Connectivity Services Market Growth 2019-2024
Asia-Pacific Cellular M2M Connectivity Services Market Growth 2019-2024
Europe Cellular M2M Connectivity Services Market Growth 2019-2024
EMEA Cellular M2M Connectivity Services Market Growth 2019-2024
Global Cellular M2M Connectivity Services Market Growth 2019-2024
China Cellular M2M Connectivity Services Market Growth 2019-2024
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