Press release
Machine to Machine (M2M) Services Market 2022 Competitive Insights - International Business Machine Corporation, Rogers Communications Inc., Cstar Technologies Inc
The Machine to Machine (M2M) Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The machine to machine (M2M) services market is expected to grow at CAGR of 28.61% during the forecast period (2021-2026).
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Top Leading Companies of Machine to Machine (M2M) Services Market are International Business Machine Corporation, Rogers Communications Inc., Cstar Technologies Inc, Nokia Corp (Alcatel-Lucent S.A.), Comarch Inc, Cisco System Inc, Huawei Technologies Co. Ltd, Intel Corporation, Google Inc., Thales Group (Gemalto NV), Amdocs Inc, EE Ltd, Verizon Communications Inc and others.
Industry News and Updates
March 2019 - Nokia announced that it will partner with Pyry, an international consulting and engineering company, and Infosys, to further enhance and accelerate the adoption of KRTI 4.0(TM), an artificial intelligence (AI) framework for operational excellence. The KRTI 4.0(TM) framework applies AI, cognitive/machine learning, and machine-to-machine (M2M) capabilities to the industrial environment and addresses complex and expensive lifecycle management challenges faced by the industry, utilities, transportation, and infrastructure organizations across operational technology (OT) systems.
Key Market Trends
Asia-Pacific to Witness the Fastest Growth
- Asia-Pacific region comprises of two largest economies of the world i.e. China and India, and the development initiatives in these two regions are growing year on year. Cisco predicts that the IP traffic in the Asia-Pacific will reach 172.7 exabytes per month by 2022, growing at a CAGR of 32% which is the highest among other nations of the world. The region will also have13.1 billion networked devices or connections, up from 8.6 billion in 2017. This increase will have a pragmatic impact on M2M services market.
- Further, government initiatives, like smart cities, smart meter and policies, enabling a wider deployment of cellular M2M initiative will help the M2M services market to grow.
- For instance, in February 2018, in India, one of the fastest growing markets for M2M services, the Department of Telecommunications (DoT) approved telecom service providers to start issuing 13-digit digit numbers for SIM-based machine-to-machine (M2M) services. This scenario is expected to increase the number of M2M services provided by the telecom vendors in the region
Regional Outlook of Machine to Machine (M2M) Services Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Machine to Machine (M2M) Services Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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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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