Press release
Cellular M2M Market Growth Analysis, Trending Strategies and Key Players 2032 | AT&T Inc., Verizon Communication, SK Telecom
Cellular M2M Market
The Cellular M2M Market is Valued USD 14.7 billion in 2024 and projected to reach USD 78.7 billion by 2032, growing at a CAGR of 20.5% During the Forecast period of 2024-2032.
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Cellular M2M Market Growth Drivers:
Increased IoT Adoption Across Sectors Drives Demand for Scalable and Reliable Cellular M2M Connectivity Solutions. Increased penetration of IoT devices across segments, including the automotive, health, and manufacturing industries, will enhance the increasing need for efficient, reliable, and scalable cellular M2M solutions. Thus, with these trends of increasing automation, remote monitoring, and real-time collection, the demands of advanced connectivity solutions for efficient and seamless M2M applications will be accelerating fast. The applications of cellular M2M networks are crucial for secure, high-speed, and continuous connectivity, which makes them indispensable in smart manufacturing, fleet management, and telemedicine. The large-scale adoption of IoT and the need for scalable solutions will create long-term demand for cellular M2M technologies, unlocking new opportunities across diverse sectors.
Major Players in Cellular M2M Markets are:
AT&T Inc., Verizon Communication, SK Telecom, China Mobile Ltd, Orange, Vodafone Group PLC, Amdocs, Aeris Communications, Deutsche Telekom AG, Sprint Corporation, Sierra Wireless, and Telefonica among others.
Industry News:
In 2024, Verizon launched LTE-M and Narrowband IoT solutions to provide low-power, cost-effective connectivity for a wide range of IoT applications, boosting M2M communication. These technologies support efficient and scalable IoT networks.
In 2024, Orange showcased open, secure, and software-centric connectivity solutions at the Mobile World Congress, focusing on the transformation of business networks and improving energy efficiency through advanced network design and management.
In June 2024, SK Telecom, alongside Deutsche Telekom, e&, Singtel, and SoftBank, launched a joint venture to co-develop a multilingual Large Language Model (LLM) tailored for telecommunications, aiming to enhance AI capabilities for telecom services.
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Global Cellular M2M Market Segmentation:
By Services
Connectivity services
Professional services
Managed services
By Organization Size
Large Enterprises
Small and Medium Enterprises (SMEs)
By Application
Asset tracking and monitoring
Predictive maintenance
Telemedicine
Fleet management
Warehouse management
Industrial automation
Smart meter
Others
By End User
Healthcare
Energy and utilities
Transportation and logistics
Manufacturing
Others
The following areas and countries are covered in the worldwide Cellular M2M Market file:
North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)
Detailed industry forecast-Brief Introduction to the research report:
Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
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Key Features of the Cellular M2M Market Report: -
Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
Examine the market opportunities for stakeholders by identifying higher growth sections.
To study and analyze the global Cellular M2M Market industry status and forecast including key regions.
An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
It helps you make strategic business decisions and investment plans.
Finally, Cellular M2M Market is a valuable source of guidance for individuals and companies.
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