Press release
Cellular M2M Market: Impressive Growth with 25.3% CAGR, Rising Connectivity Demand, and Emergent Trends
Cellular M2M Market
Booming Connectivity Demand and Emerging Trends Spur Growth in the Cellular M2M Market.
What Is The Projected Market Size Of The Global Cellular M2M Market And Its Growth Rate?
The Cellular M2M market is witnessing outstanding growth, triggered by connectivity demand rise, increased smart cities, and more.
• The market size was $17.51 billion in 2024. It will escalate to $21.54 billion in 2025, at a CAGR of 23.0%.
• The market will likely grow to $53.03 billion in 2029 at a compound annual growth rate (CAGR) of 25.3%, driven by increasing healthcare applications, innovative product launches, and IoT expansion.
What Is Driving The Growth In The Cellular M2M Market?
The high-speed internet and connectivity technologies such as 4G and 5G are significantly driving the Cellular M2M market growth. Industries are increasingly using wireless networking to communicate with consumers and enhance operational flexibility. Machine-to-machine (M2M) communications are possible over wide area networks (WANs) facilitated by cellular networks. 5G's speed and reliability are expected to critically impact M2M. Global 5G wireless network connections soared by 76 percent between the end of 2021 and 2022, reaching 1.05 billion. This extraordinary growth in 5G adoption is expected to stimulate the cellular M2M market's growth.
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Who Are the Key Players Driving Cellular M2M Market Growth?
Some of the key players propelling the Cellular M2M Market Growth 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.
• Arm Holdings plc.
• Infineon Technologies AG
• Kore Wireless
• Orange S.A.
What Are The Key Trends In The Cellular M2M Market?
Key trends in the Cellular M2M Market include:
• Internet of Things (IoT) expansion
• Increasing focus on edge computing
• Industrial automation
• Strategic partnerships
• Innovative product launches
What Are The Segments Of The Global Cellular M2M Market?
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
Which Region Leads The Cellular M2M Market?
North America led the Cellular M2M market in 2024, with Asia-Pacific expected to be the fastest-growing region in the future. The cellular M2M market report covers diverse regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cellular M2M Market Global Market Report?
- Market Size Analysis: Analyze the Cellular M2M Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cellular M2M Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cellular M2M Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cellular M2M Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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