Machine-to-Machine (M2M) Connections Market Size Expected To Reach US$ 26.6 Billion By 2028

According to the latest report by IMARC Group, titled "Machine-to-Machine (M2M) Connections Market : Global Industry Share, Size, Growth, Opportunity and Forecast 2023-2028,"The global machine-to-machine (M2M) connections market size reached US$ 20.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

Machine-to-machine (M2M) connections operate via communication networks, data endpoint (DEP), and data integration point (DIP). They help in automating the exchange of data between various technical devices with minimal manual intervention. They also assist organizations in saving costs, restoring functionality; addressing maintenance issues; and monitoring, controlling, and managing remote equipment or devices. As a result, they are combined with the Internet of Things (IoT) to serve different industry verticals.

Machine-to-Machine (M2M) Connections Market Trends:

Industrial automation, in confluence with advancements in the internet technology, are positively influencing the utilization of connected devices in several organizations. This represents one of the major factors stimulating the market growth. Moreover, M2M connections are extensively used in e-health solutions to enable remote patient monitoring, minimize healthcare costs, and improve the quality, efficiency, and flexibility of healthcare delivery. Apart from this, due to the rising traction of autonomous vehicles and smart homes, the demand for M2M connections is expected to increase.

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Global Machine-to-Machine (M2M) Connections Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AT&T Inc.
Cisco Systems Inc.
Deutsche Telekom AG
Huawei Technologies Co. Ltd.
Intel Corporation
Murata Manufacturing Co. Ltd.
NXP Semiconductors N.V.
Telefonica S.A.
Texas Instruments Incorporated
U-Blox Holding AG
Verizon Communication Inc.
Vodafone Group Plc.

The report has segmented the market on the basis of region, connection type, technology and end use industry.

Breakup by Connection Type:

Wired
Wireless

Breakup by Technology:

Serial Connection
Power Line Connection
Cellular
Wi-Fi
Bluetooth
Others

Breakup by End Use Industry:

Automotive
Healthcare
Consumer Electronics
Transportation
Utilities
Retail
Others

Breakup by Region:

North America: (United States,Canada)
Asia Pacific: (China, South Korea, Australia, Others)
Europe: (Germany, United Kingdom, Netherlands, Spain, Others)
Latin America: (Brazil, Argentina, Others)
Middle East and Africa: (South Africa, Israel)

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization

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