Press release
The Impact Of High-Speed Internet And Connectivity Technologies: Key Factor Driving The Growth In The Cellular M2M Market
Cellular M2M
What Is the Expected Cellular M2M Market Size During the Forecast Period?
The size of the cellular M2M market has seen rapid expansion over the past few years. It is projected to rise from $17.51 billion in 2024 to $21.54 billion in 2025, with a compound annual growth rate (CAGR) of 23.0%. This impressive growth recorded in the historical period is a result of increased connectivity needs, a rise in demand for industrial automation, expansion in fleet management, a surge in energy management needs, and a growing number of smart cities.
In the coming years, the cellular M2M market is predicted to experience significant growth, reaching a market size of $53.03 billion in 2029, with a compound annual growth rate (CAGR) of 25.3%. This projected growth over the forecast period is due to several factors such as the rise in healthcare applications, improvements in healthcare infrastructure, expanded government funding in research and development, a heightened need for smart agriculture and greater acceptance of 5g technology. Notable trends during the forecast period encompass the extension of IoT, an increased emphasis on edge computing, industrial automation, strategic tie-ups and the unveiling of innovative products.
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What Are the High-Growth Segments in the Cellular M2M Market?
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
Subsegments:
1) By Connectivity Services: Cellular Network Connectivity, SIM Card Management Services, Data Plans and Billing Services
2) By Professional Services: Consulting Services, Integration Services, Training and Support Services
3) By Managed Services: Device Management Services, Application Management Services, Network Management Services
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What Key Drivers Are Expected to Influence Future Cellular M2M Market Growth?
The growth of the cellular M2M market in the coming period is projected to be driven by the increased adoption of high-speed internet and connectivity technologies, like 4G and 5G. As wireless networking is becoming increasingly popular across various sectors, it's being used to engage with customers and make business procedures more efficient. This M2M communication can happen over wide area networks (WANs) that are facilitated by cellular networks. The robustness and swiftness of 5G are anticipated to bring about a radical transformation in M2M. For example, as per the data provided by 5G Americas, a trade organization in the US that stands for significant telecom companies and services, there was a 76% hike in global 5G wireless network connections from the conclusion of 2021 to the end of 2022, reaching a total of 1.05 billion. As such, the adoption of high-speed internet and connectivity technologies like 4G and 5G are predicted to catalyze the expansion of the cellular M2M market.
Which Companies Hold the Largest Share Across Different Cellular M2M Market Segments?
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., 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., Astrocast SA, Nokia Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Digi International Inc., Novatel Wireless Inc., Numer*ex Corp., Multi-Tech Systems, CalAmp Corp., Cubic Telecom, Telenor Connexion AB, Thales Group
What Trends Are Driving Growth in The Cellular M2M Market?
Key corporations in the cellular M2M industry are inventing ground-breaking solutions to support fluid connectivity and upgrade machine-to-machine dialogue. These solutions are specifically designed to amplify network efficiency, increase scalability, and ensure reliability, facilitating superior data interchange between devices in various sectors like automotive, healthcare, and logistics. For example, T-Mobile and Deutsche Telekom, mobile telecommunication companies based in Germany, launched T-IoT in February 2022. It's a business-grade solution devised for IoT connection oversight, platform management, and assistance. This service assists companies in handling international connections at 188 locations and 383 networks, thereby improving worldwide connectivity for M2M applications.
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What Are the Emerging Geographies for The Cellular M2M Market Growth?
North America was the largest region in the cellular M2M market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cellular m2m market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cellular M2M Market?
2. What is the CAGR expected in the Cellular M2M Market?
3. What Are the Key Innovations Transforming the Cellular M2M Industry?
4. Which Region Is Leading the Cellular M2M Market?
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