Press release
Cellular M2M Market 2021 Global Insights and Business Scenario – Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile, Telefonica S.A., Aeris
The “Cellular M2M Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Cellular M2M market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.
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The study includes market share analysis and profiles of players such as Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile, Telefonica S.A., Aeris, China Telecom, 10T, Arm Holdings, Infineon, Kore Wireless, Orange S.A., SK Telecom, Vodafone Group PLC, and Sierra Wireless.
The global cellular M2M market is expected to grow from $7.19 billion in 2020 to $8.76 billion in 2021 at a compound annual growth rate (CAGR) of 21.77%. The growth is mainly due increasing adoption of wireless connectivity across industries to improve operational efficiency, quality of products and services, and technologies advancements in connectivity are also enhancing the market growth. The market is expected to reach $23.79 billion in 2025 at a CAGR of 28.37%.
Executive Summary:
North America was the largest region in the cellular M2M market in 2020. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G is expected to fuel the growth of the cellular M2M market in the forecast period. Wireless networking is becoming more common across industries as it is used to communicate with consumers and make operations more flexible. M2M communications can be carried out over wide area networks (WANs), which are enabled by cellular networks. 5G speed and reliability is expected to have a massive impact on M2M. For instance the 5G services market is expected to increase from 69.39 million in 2020 to 177.87 million in 2025, thus supporting the growth of the market. Therefore, the adoption of high-speed internet and connectivity technologies, such as 4G and 5G is expected to drive the growth of the cellular M2M market.
In December 2020, Wireless Logic, a global leading IoT connectivity platform provider, acquired Arkessa Ltd., for undisclosed amount. Arkessa is a global IoT cellular connectivity services provider, headquartered in the UK. This acquisition is expected to strengthen Wireless Logic market position through Arkessa’s team of IoT and M2M experts who are specialized in the integration of multiple networks and emerging wireless technologies.
Increasing concerns about data privacy and security hindered the market growth in the historic period. Rising device hacking incidences for unauthorized access in wireless communication intrusion is reason behind increasing concern for data privacy and security. For instance, according to the information tracked by Indian Computer Emergency Response Team around 110 central ministries/ departments websites and 48 state governments were hacked during the year 2018 and 2019. Therefore, the rising concern about security and data privacy negatively impacted the market growth.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/08103167015/cellular-m2m-global-market-report-2021-covid-19-growth-and-change-including-1-by-services-connectivity-services-professional-services-managed-services-2-by-organization-size-large-enterprises-small-and-medium-enterprises-smes-3-by-application-asset-tracking-and-monitoring-predictive-maintenance-telemedicine-fleet-management-warehouse-management-industrial-automation-smart-meter-others-4-by-end-user-healthcare-energy-and-utilities-transportation-and-logistics-manufacturing-others-covering-deutsche-telekom-ag-at-t-inc-verizon-communications-inc-china-mobile-telefonica-s-a?Mode=28
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Cellular M2M market.
The study objectives of this report are:
To study and analyze the global Cellular M2M size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Cellular M2M by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Cellular M2M manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Cellular M2M with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Cellular M2M submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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