Global Machine-to-Machine (M2M) Connections Market, By Technology (Wired Technologies, Wireless Technologies), End User (Healthcare, Utilities, Automotive & Transportation, Retail, Consumer Electronics, Security & Surveillance, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The machine-to-machine (M2M) connections market is expected to witness market growth at a rate of 5.07% in the forecast period of 2021 to 2028 is expected to reach USD 10.50 billion by 2028. Data Bridge Market Research report on machine-to-machine (M2M) connections market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in M2M connections in various industries is escalating the growth of machine-to-machine (M2M) connections market.
Machine to machine communication refers to direct communication between devices making use of any means of communication including wired or wireless. This system connects machine to mobile- mobile to mobile and mobile to machines. It is highly used in various industries such as manufacturing, logistics, transportation and healthcare.
M2M connections finds applications in a variety of ways and has advanced over the last few decades with the creation of global Internet and IP network systems, facilitating enhanced and efficient communications over long distances and between massive numbers of devices.
The increase in the penetration of the internet and rise in the focus on machine-to-machine connections globally act as the major factors driving the growth of machine-to-machine (M2M) connections market. The initiatives taken by government to support the IT sector through funding and promotional campaigns and the presence of favorable regulatory mandates accelerate the machine-to-machine (M2M) connections market growth. The growth in adoption of 4G/LTE cellular technologies and the emergence of 5G technology further influence the machine-to-machine (M2M) connections market. Additionally, increase in demand for extended network coverage, advancement in wireless communication, rapid digitization, industrialization, research and development activities, surge in investment and rise in M2M connections among various industry verticals positively affect the machine-to-machine (M2M) connections market. Furthermore, increase in the demand for smart cities and connected cars, and strategic partnerships with system integrators extend profitable opportunities to the machine-to-machine (M2M) connections market players in the forecast period of 2021 to 2028.
On the other hand, the inability to leverage the benefits of mobility and lack of standardization in connectivity protocols are the factors expected to obstruct the machine-to-machine (M2M) connections market growth. The rise in concerns regarding the privacy and security are projected to challenge the machine-to-machine (M2M) connections market in the forecast period of 2021 to 2028.
This machine-to-machine (M2M) connections market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on machine-to-machine (M2M) connections market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Machine-to-Machine (M2M) Connections Market Scope and Market Size
The machine-to-machine (M2M) connections market is segmented on the basis of technology and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the machine-to-machine (M2M) connections market is segmented into wired technologies and wireless technologies. Wired technologies are further segmented into Ethernet, industrial, industrial Ethernet, Modbus, Profinet and foundation fieldbus. Wireless technologies are further segmented into short range and cellular network. Short range is sub-segmented into Wi-Fi, Zigbee and Bluetooth. Cellular Network is sub-segmented into second generation (2G), third generation (3G) and fourth generation (4G)/long-term evolution (LTE).
- On the basis of end user, the machine-to-machine (M2M) connections market is segmented into healthcare, utilities, automotive & transportation, retail, consumer electronics, security & surveillance and others. Healthcare is further segmented into patient monitoring systems, fall detector, smart pill dispenser and telemedicine. Patient monitoring systems are sub-segmented into blood pressure monitor, blood glucose meter and multi-parameter monitor. Utilities are further segmented into smart grids and smart meters. Automotive & transportation is further segmented into telematics and fleet tracking/monitoring. Retail is further segmented into intelligent vending machines, contactless checkout/POS and digital signage. Consumer electronics are further segmented into smart TV and smart appliances. Smart appliances are sub-segmented into smart refrigerator, smart washing machine and others. Others are further sub-sub-segmented into smart oven and smart cooktop. Security & surveillance are further segmented into commercial & residential security and remote surveillance. Others are further segmented into oil & gas and agriculture.
Global Machine-to-Machine (M2M) Connections Market Country Level Analysis
The machine-to-machine (M2M) connections market is analyzed and market size, volume information is provided by country, technology and end user as referenced above.
The countries covered in the global machine-to-machine (M2M) connections market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the machine-to-machine (M2M) connections market due to the presence of prominent players, increase in investment enhancement of technology infrastructure, advent of 5G, mergers and acquisitions and rise in the rate of research and development activities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Machine-to-Machine (M2M) Connections Market Share Analysis
The machine-to-machine (M2M) connections market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to machine-to-machine (M2M) connections market.
The major players covered in the machine-to-machine (M2M) connections market report are Cisco, AT&T Intellectual Property, Huawei Technologies Co., Ltd., NXP Semiconductors, Texas Instruments Incorporated, Intel Corporation, Thales Group, Vodafone Group, Murata Manufacturing Co., Ltd., U-blox, Fanstel, CommSolid GmbH, Afero., Revogi, Virscient Limited, Deutsche Telekom AG, Sierra Wireless, T-Mobile USA, INC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.