openPR Logo
Press release

What to expect from the Lightweight Machine-to-Machine (LWM2M) Market? Know what is the worth of this Market?

06-24-2021 06:26 AM CET | IT, New Media & Software

Press release from: Absolute Markets Insights

What to expect from the Lightweight Machine-to-Machine (LWM2M)

Global Lightweight Machine-to-Machine (LWM2M) Market is expected to Grow at a CAGR of 23% by 2027 Owing to the Advantages of LWM2M Over Other IoT Protocols Coupled With Launch of Latest Versions, says Absolute Market Insights.
Brief and concise information on Lightweight Machine-to-Machine (LWM2M) Market has been published by Absolute Markets Insights. The report is especially designed to stimulate entrepreneurial sagacity. An overview of primary and secondary exploratory techniques are especially enlightening. Various economic attributes of businesses, draw attention to precise information on financial budget of several industries. The report also highlights distinctive application segments, thus enabling to understand potential sectors of the market.
In terms of revenue, the global lightweight machine-to-machine (LWM2M) market was valued at US$ 69.43 Mn in 2018 and is anticipated to reach US$ 441.45 Mn by 2027 growing at a CAGR of 23% over the forecast period.

The advantages offered by lightweight machine-to-machine (LWM2M) protocol over other IoT communication protocols such as MQTT and HTTP has boosted the growth of lightweight machine-to-machine (LWM2M) market globally. Open Mobile Alliance (OMA) has defined a latest standard, namely Lightweight Machine-to-Machine (LWM2M), intended for low power device management and machine-2-machine communication. It is based on Constrained Application Protocol (CoAP) and fulfills the security and communication needs of constrained devices and networks such as low power controllers. Currently more than 25 companies including AT&T, Microsoft, Nokia and others have integrated lightweight machine-to-machine (LWM2M) device management protocol in their products and services. The lightweight machine-to-machine (LWM2M) also enables remote management of IoT devices.

Request a Sample@

LWM2M facilitates interoperability and includes ready-to-use standard objects (OMNA, IPSO, GSMA Objects) as compared to Message Queue Telemetry Transport (MQTT) where these objects are optional. Additionally, LWM2M offers firmware upgrades as basic functionality in contrast to MQTT where these firmware updates are to be created from scratch. These advantages have proved the capabilities of LWM2M to operate as device management protocol and also telemetry protocol. Owing to the benefits offered by LwM2M, a dedicated device management protocol, over MQTT, a publish/subscribe-based communication protocol, industries are increasingly adopting LwM2M for effective implementation of IoT in manufacturing, transports and logistics, healthcare and various other sectors. For instance, Traxens, an IoT and smart solutions provider for transport companies, has integrated IoTerop’s LWM2M based solution into their IoT projects to provide on board connected devices and remote monitoring solutions to their customers.

In the latest presentation on specifications of LwM2M v1.1 released by Open Mobile Alliance in 2019, the alliance has predicted a steep growth in LWM2M-enabled devices by 2022, reaching a total of 235 million. The launch of latest version of LWM2M has overcome the drawbacks observed in the previous version. The key features of latest version of LWM2M includes support to low power WANs, support for application layer security based on Object Security for Constrained RESTful Environments (OSCORE) and many other benefits. Companies such as AVSystems, announced in February 2019 about the compliance of their Coiote IoT Device Management platform and Anjay LwM2M SDK with LWM2M 1.1. The enhanced security, data formats and messaging are poised to boost the growth of global lightweight machine-to-machine (LWM2M) market over the forecast period.

Enquiry Before Buying@

The detailed research study provides qualitative and quantitative analysis of the global lightweight machine-to-machine (LWM2M) market. The lightweight machine-to-machine (LWM2M) market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report

• In terms of revenue, the global lightweight machine-to-machine (LWM2M) market is anticipated to grow at a CAGR of 23% over the forecast period owing to the advantages of LWM2M over other IoT communication protocols.

• On the basis of vertical, manufacturing segment dominated the global lightweight machine-to-machine (LWM2M) market in 2018 owing to the rise in IIoT application across the shop floor for streamlining and connecting machines and operations.

• Large enterprises dominated the global lightweight machine-to-machine (LWM2M) market in 2018 owing to their high economic and man power to invest in latest technologies as compared to small and medium sized enterprises.

• North America accounted for the highest market share in 2018 and is expected to retain its position in the global lightweight machine-to-machine (LWM2M) market due to high number of tech firms situated in counties such as U.S and Canada, which are early adopters of latest technologies.

• Some of the players in global lightweight machine-to-machine (LWM2M) market are Arm Limited, AVSystem, CONNECT2 SYSTEMS LIMITED, FRIENDLY TECHNOLOGIES, Gemalto NV, Nokia, OMA SpecWorks, ROHDE & SCHWARZ amongst others.

Request for Customization@

Global Lightweight Machine-to-Machine (LWM2M) Market

• By Vertical:
o Manufacturing
o Transportation and Logistics
o Banking Financial Services and Insurance
o Retail and Ecommerce
o Healthcare
o Others

• By Components:
o Sensors
o Modem
o Others

• By Organization Size:
o Small and Medium Sized Enterprises
o Large Enterprises

• By Region:
o North America
• U.S.
• Canada
• Mexico
• Rest of North America
o Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
• Benelux Union
 Belgium
 The Netherlands
 Luxembourg
• Rest of Europe
o Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
• Rest of Asia Pacific
o Middle East & Africa
• Saudi Arabia
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
o Latin America
• Brazil
• Argentina
• Rest of Latin America

Get Full Information of this premium report@

Contact Us:

Company: Absolute Markets Insights
Email id:
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What to expect from the Lightweight Machine-to-Machine (LWM2M) Market? Know what is the worth of this Market? here

News-ID: 2312455 • Views:

More Releases from Absolute Markets Insights

Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Google Inc., Microsoft Corporation, Apple Inc., and Qualcomm Technologies Inc.
Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Goog …
The latest report, Global Gesture Recognition Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by 2031 Research on Latest Technologies by Absolute Markets Insights
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by …
Global Blockchain Identity Management Market Report is a compilation of comprehensive research studies on various aspects of the Blockchain Identity Management Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global Blockchain Identity Management Market. Market participants can use this powerful tool when creating effective business plans or making important changes to their
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute Markets Insights
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute …
Global Payment Software Market was valued at USD 240 million in 2023 and is anticipated to exceed USD 510 million by 2031. The Global Payment Software Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By 2031 | CAGR 48.29 %: Absolute Markets Insights
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By …
A New Market study by Absolute Markets Insights on the Global Artificial Intelligence in Healthcare Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in

All 5 Releases

More Releases for LWM2M

Lightweight Machine-to-Machine (LWM2M) Market: Production, Revenue, Price and Gr …
"Lightweight Machine-to-Machine (LWM2M) Market" research report 2022-2030 provides a meticulous assessment of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. The Lightweight Machine-to-Machine (LWM2M) report offers the latest study about the present global market development strategy, pre and posts covid-19 situation. It also gives a thorough overview of the market size based on end-user applications, products, types, trends and key regions. The Lightweight
Lightweight Machine-to-Machine (LWM2M) Market Aims to Expand at Double-Digit Gro …
Various crucial findings depicted in this Lightweight Machine-to-Machine (LWM2M) market report are the result of primary and secondary research carried out by the analysts. In order to provide the relevant data, analysts and financial experts take great efforts to bring efficient market evaluation techniques and quantified consumer insights for bringing best results for the market players. Relevant data provided here greatly aids clients to overcome the problems in the business.
Lightweight Machine-to-Machine (LWM2M) Market 2022 to 2027 - Global Analysis By …
The Lightweight Machine-to-Machine (LWM2M) Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Lightweight Machine-to-Machine (LWM2M) Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. Request for Free Sample Here: Market
Lightweight Machine-to-Machine (LWM2M) Market Disclosing Latest Advancement 2021 …
Latest released, the research study on Global Lightweight Machine-to-Machine (LWM2M) Market Report Forecast 2021 - 2027, offers a detailed overview of the factors influencing the global business scope. Lightweight Machine-to-Machine (LWM2M) Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Lightweight Machine-to-Machine (LWM2M).
Lightweight Machine-to-Machine (LWM2M) Market Ongoing Trend with Most Demanding …
The recent research report on the global Lightweight Machine-to-Machine (LWM2M) market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market. The report offers an extensive analysis of key drivers, leading market players, key segments, and regions. Besides this, the experts have deeply studied different geographical areas and presented a competitive scenario to assist new entrants,
Lightweight Machine-to-Machine (LWM2M) Market has tremendous demand in coming ye …
Lightweight Machine-to-Machine (LWM2M) Market Report focuses on Major Leading Industry Players, providing info like Lightweight Machine-to-Machine (LWM2M) Market competitive situation, product scope, market overview, opportunities, driving force and market risks. This report is exhaustive quantitative analyses of the Lightweight Machine-to-Machine (LWM2M) Market industry and provides data for making strategies to increase the market growth and effectiveness. “Lightweight M2M enabler defines the application layer communication protocol between a LwM2M Server and