Press release
Cellular M2M Market Size, Industry Share, Trends, Global Industry Report 2032
cellular M2M market
The global cellular M2M market size grew from $11.79 billion in 2022 to $15.29 billion in 2023 at a compound annual growth rate (CAGR) of 29.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global cellular M2M is expected to grow to $36.47 billion in 2027 at a CAGR of 24.3%.
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Major players in the cellular M2M market are 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 companies in the market are increasingly investing in integrating payment terminals to cater to the growing demand for mobile payments. The companies in the market are increasingly integrating flexible point-of-sale systems with fully integrated UX to cater to the changing purchasing behaviour. For instance, in 2020, Verizon Communications Inc., a US-based cellular M2M company, launched its new solution, Clover Flex, in partnership with Finserv, which is a mobile point-of-sale device that can enable touchless payments.
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The Cellular M2M market is segmented -
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, Other Applications
4) By End-User: Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cellular M2M market.
The Business Research Company's "Global Cellular M2M Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cellular M2M Market Include:
1. Executive Summary
2. Cellular M2M Market Characteristics
3. Cellular M2M Market Trends And Strategies
4. Cellular M2M Market - Macro Economic Scenario
5. Cellular M2M Market Size And Growth
.....
26. Africa Cellular M2M Market
27. Cellular M2M Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cellular M2M Market
29. Cellular M2M Market Future Outlook and Potential Analysis
30. Appendix
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