Press release
Cellular M2M Market Sustaining the Hold: Strategies for Market Longevity
Cellular M2M Market Size
As per the report, the cellular m2m market size has grown exponentially in recent years. It will grow from $14.39 billion in 2023 to $17.87 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The cellular m2m market size is expected to see exponential growth in the next few years. It will grow to $42.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%.
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The Impact Of High-Speed Internet And Connectivity Technologies
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 are expected to have a massive impact on M2M. For instance, in April 2023, according to 5G Americas, a US-based trade organisation that represents major telecommunications companies and services, between the end of 2021 and the end of 2022, global 5G technology wireless network connections increased by 76 percent, hitting 1.05 billion. Therefore, the adoption of high-speed internet and connectivity technologies, such as 4G and 5G, is expected to drive the cellular M2M market growth.
Meeting The Rising Demand For Mobile Payments Companies Invest In Payment Terminal Integration
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 November 2021, Peplink, a US-based SD-WAN technology provider, announced that it is expanding its partnership with M2M Connectivity in response to the region's growing consumer demand for 5G and LTE corporate connectivity offerings. M2M Connectivity is an Australia-based company that operates in cellular M2M.
The cellular m2m market covered in this report 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
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Major companies operating in the cellular m2m market include Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile Limited., Telefonica S.A., Aeris Communications India Pvt. Ltd., China Telecom Corporation Limited., 10T Holdings LLC, Arm Holdings plc., Infineon Technologies AG, Kore Wireless, Orange S.A., SK Telecom Co. Ltd., Vodafone Group PLC., Sierra Wireless, Telit Communications, Sigfox SA, Qualcomm Inc., ORBCOMM Inc., Sprint Corporation, Astrocast SA, Nokia Corporation, Huawei Technologies Co. Ltd., Belmont Telecom Inc., Cisco Systems Inc., Digi International Inc., Novatel Wireless Inc., Numere*x Corp., Multi-Tech Systems, CalAmp Corp., Cubic Telecom, Telenor Connexion AB, Thales Group
Contents of the report:
1. Executive Summary
2. Cellular M2M Market Report Structure
3. Cellular M2M Market Trends And Strategies
4. Cellular M2M Market - Macro Economic Scenario
5. Cellular M2M Market Size And Growth
…..
27. Cellular M2M Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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