Machine to Machine Communication Market Expected to Reach $31.5 Billion by 2025

Machine to Machine Communication Market is expected to reach $31.5 billion by 2025 at a CAGR of 6.5% during the forecast period 2020-2025. Supportive government policies, increasing demand for connectivity along with growing concern for safety is driving the M2M communication market. Smart home market, automotive industry, healthcare, manufacturing &s supply chain verticals will fuel their growth by innovating more technologies inn M2M communications. Moreover, the increasing M2M connections in various industries and the growing adoption of new connectivity technologies will further accelerate machine-to-machine (M2M) connections market growth in the forecast period 2020-2025.

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Machine to Machine Communication Market Segment Analysis - By Technology

Wireless technology is growing at a highest CAGR of 9.2% in the forecast period. The growing adoption of short-range wireless connectivity technologies such as Wi-Fi, Bluetooth, and ZigBee for multiple applications such as in-car infotainment systems, patient monitoring devices, wireless beacons, and smart appliances is driving the growth of the market for the wireless technology segment. Moreover, the substantial penetration of cellular services globally and increasing adoption of 4G, and emerging 5G cellular technology is further driving the growth of the wireless connectivity technology in the machine-to-machine (M2M) connections market. Hence these benefits are analysed to drive the market in the forecast period 2020-2025.

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Machine to Machine Communication Market Segment Analysis - By Industry Vertical

Manufacturing sector in Machine to Machine Communication is growing at a CAGR of 9.5% in the forecast period. M2M technology allows manufacturing machines to communicate with each other for exchanging and gathering information such as machining process conditions and thus to enhance productivity and efficiency. Machine-to-machine technology is in high demand among manufacturers because of its real-time communication abilities and the way it allows them to remotely track their supply chains and monitor warehouse operations from any location. Increasingly global supply chains have made these features invaluable to manufacturers. Many manufacturing companies have been investing heavily in deploying this technology. Industries such as ABB, Siemens, Honeywell and so on have invested heavily in this technology. Hence these advancements are analyzed to drive the market in the forecast period 2020-2025.

Machine to Machine Communication Market Segment Analysis - By Geography

North America dominated the market by a market share of more than 34% in 2019, early adoption of advanced technologies and presence of developed regions such as U.S and Canada are analysed to drive the market. In addition, it is the most advanced region and it has highest number of smart homes solutions with 4.5 million systems installed as of 2019. The usage and applications of M2M in the smart home space is rising owing to its wide applications. Moreover, U.S. is leading the market in North America as the rising demand of cloud based services and high-speed networks enable easy access, analysis and manipulation of stored data transaction to help customers improve their business operations. Hence these advancements are analyzed to drive the market in the forecast period 2020-2025.

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Machine to Machine Communication Market - Drivers

M2M in supply chain management

M2M technology plays a vital role in the improvement of supply chain processes. This Communication allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles. In addition it also enables the provision of real-time updates about cargo shipments, reduces the cost to the company, and enhances data security. In supply chains, M2M technology increases visibility and allows for significant reduction in uncertainties in supply chain. Similarly, in a warehouse, M2M devices can be deployed to track the inventory so that stockholders and enterprises can respond to the market dynamics and to decide when to refill and when to go on sale.

Increased penetration of IoT and Communication technologies

The growing popularity of Internet of Things (IoT) is poised to drive the growth of the M2M communication market. Increasing number of connected devices is projected to provide impetus to market growth in the forecast period. Also, the developments in network technology are anticipated to influence the market growth pattern positively. In addition, increased penetration of 4G services and commercialization of 5G services is poised to have a huge impact on the expansion of the M2M communication market in the upcoming years. Moreover, developments in wireless technology are also prognosticated to project accelerated growth rate of the market in the forecast period 2020-2025.

Machine to Machine Communication Market - By Challenges

Rising Security Issues

Although Machine to Machine communications is growing at a rapid phase. Rising security concerns in devices are analyzed to hamper the market growth. In addition while constructing an efficient global digital world combining personal/private data, these security and privacy issues are even higher. Hence these security issues are analyze to hamper the market growth in the forecast period 2020-2025.

Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the LATAM LMS-Frontline worker training market. In 2019, the market of Machine to Machine Communication industry outlook has been fragmented by several companies. Machine to Machine Communication top 10 companies include AT&T Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., NXP Semiconductors N.V., Texas Instruments Incorporated, Intel Corporation, Gemalto N.V., Vodafone Group PLC, Murata Manufacturing Co., Ltd., U-Blox Holding AG, Fanstel Corporation among others.

Acquisitions/Technology Launches

In 2018, AT&T has launched LTE-M services in the US and in Mexico. This LTE-M technology is expected to leverage the growth of IoT in North America.

Key Takeaways

North America dominated the market by a market share of more than 34% in 2019, early adoption of advanced technologies and presence of developed regions such as U.S and Canada is analysed to drive the market.

M2M technology allows manufacturing machines to communicate with each other for exchanging and gathering information such as machining process conditions and thus to enhance productivity and efficiency.

The growing adoption of short-range wireless connectivity technologies such as Wi-Fi, Bluetooth, and ZigBee for multiple applications such as in-car infotainment systems, patient monitoring devices, wireless beacons, and smart appliances is driving the growth of the market for the wireless technology segment.

Machine to Machine Communication top 10 companies include AT&T Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., NXP Semiconductors N.V., Texas Instruments Incorporated, Intel Corporation, Gemalto N.V., Vodafone Group PLC, Murata Manufacturing Co., Ltd., U-Blox Holding AG, Fanstel Corporation among others.

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https://www.industryarc.com/Research/Warehouse-Management-System-Market-Research-504210

B. Smart Homes Market
https://www.industryarc.com/Report/1250/smart-homes-market.html

For more Information and Communications Technology Market reports @ https://www.industryarc.com/Domain/7/information-communication-technology-market-research.html

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