Press release
M2M Communications Market 2024 Research Report
M2M Communications MarketThe Machine to Machine (M2M) communication is a type of data communication technology that enables the devices such as sensors or meter to share information automatically with other devices and perform necessary action through a network which can be wired, wireless or hybrid without human intervention. M2M communication is often used for remote monitoring to capture an event and transfer data between mechanical or electronic devices.
The global M2M Communications market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
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Report Scope
The M2M Communications market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global M2M Communications market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the M2M Communications companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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Segment by Type
• Automatic Identification System
• Satellites Telemetry
• Others
Segment by Application
• Retail
• Healthcare
• Government and Public Sector
• Agriculture
• Automotive
• Others
By Companies
KORE Wireless Group, Inc, Orange SA, Sierra Wireless,Inc, Ibexis Ltd., ELSE SA, Orbcomm Inc., Iridium Communications Inc., Quake Global, Inc., Stellar Satellite Communications Ltd., Remote Intelligence Systems LLC.
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FAQ for this Report
What is the M2M Communications Market share by region?
Ans: According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year.
Who are the main players in the M2M Communications Market report?
Ans: The main players in the M2M Communications Market are KORE Wireless Group, Inc, Orange SA, Sierra Wireless,Inc, Ibexis Ltd., ELSE SA, Orbcomm Inc., Iridium Communications Inc., Quake Global, Inc., Stellar Satellite Communications Ltd., Remote Intelligence Systems LLC.
What are the Application segmentation covered in the M2M Communications Market report?
Ans: The Applications covered in the M2M Communications Market report are Retail, Healthcare, Government and Public Sector, Agriculture, Automotive, Others
What are the Type segmentation covered in the M2M Communications Market report?
Ans: The Types covered in the M2M Communications Market report are Automatic Identification System, Satellites Telemetry, Others
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