Global Managed Machine-to-Machine (M2M) Services Market, By Deployment (Cloud Based and On Premises), Application (Smart Homes, Medical and Healthcare, Manufacturing, Automotive and Transportation, Retail (Supply Chain), Agriculture, Military and Defense), 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
Market Analysis and Insights : Global Managed Machine-to-Machine (M2M) Services Market
The managed machine-to-machine (M2M) services market is expected to witness market growth at a rate of 21% in the forecast period of 2021 to 2028 and is estimated to reach USD 10 billion by 2028. Data Bridge Market Research report on managed machine-to-machine (M2M) services 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 rise in the need to cut down the deployment cost and downtime is escalating the growth of managed machine-to-machine (M2M) services market.
A managed machine-to-machine (M2M) service can be referred to as an umbrella term to explain any technology that lets network devices to trade information and operate tasks with no manual support. The services are utilized throughout the various industries like transportation, oil and gas, telecom, IT, automotive, healthcare, banking and financial institutions, transportation and retail sectors. machine-to-machine services assist in the streamlining business processes, reduces redundancy, and increases efficiency.
Major factors that are expected to boost the growth of the managed machine-to-machine (M2M) services market in the forecast period are the growing usage of managed M2M services across various applications. Furthermore, the rise in the utilization of technology in a broad arena of industries is further anticipated to propel the growth of the managed machine-to-machine (M2M) services market. Moreover, the increase in the acceptance of managed machine-to-machine (M2M) services are powered by the benefits like self-managing the device provisioning process, full control of connected devices and subscription details and service is further estimated to cushion the growth of the managed machine-to-machine (M2M) services market. On the other hand, the costly installation is further projected to impede the growth of the managed machine-to-machine (M2M) services market in the timeline period.
In addition, the broad penetration of the internet in varied countries and suitable regulatory mandates will further provide potential opportunities for the growth of the managed machine-to-machine (M2M) services market in the coming years. However, the high maintenance might further challenge the growth of the managed machine-to-machine (M2M) services market in the near future.
This managed machine-to-machine (M2M) services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 managed machine-to-machine (M2M) services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Managed Machine-to-Machine (M2M) Services Market Scope and Market Size
The managed machine-to-machine (M2M) services market is segmented on the basis of deployment and application. The growth among segments helps you analyse 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 deployment, the managed machine-to-machine (M2M) services market is segmented into cloud based and on premises.
- On the basis of application, the managed machine-to-machine (M2M) services market is segmented into smart homes, medical and healthcare, manufacturing, automotive and transportation, retail (supply chain), agriculture, military and defense.
Managed Machine-to-Machine (M2M) Services Market Country Level Analysis
The managed machine-to-machine (M2M) services market is analysed and market size, volume information is provided by country, deployment and application as referenced above.
The countries covered in the managed machine-to-machine (M2M) services 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 managed machine-to-machine (M2M) services market due to the rise in the latest technological advancements. Furthermore, the deploying of the cellular M2M mobile applications, which are effective in securing the digital document transfer will further boost the growth of the managed machine-to-machine (M2M) services market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the managed machine-to-machine (M2M) services market due to the in the various initiatives taken such as smart cities in the different countries. Moreover, the increasing need for the incorporation of software across a line of products is further anticipated to propel the growth of the managed machine-to-machine (M2M) services market in the region in the coming years.
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 Managed Machine-to-Machine (M2M) Services Market Share Analysis
The managed machine-to-machine (M2M) services 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, regional 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 managed machine-to-machine (M2M) services market.
The major players covered in the managed machine-to-machine (M2M) services market report are Aeris, AT&T Intellectual Property, Arkessa, Deutsche Telekom AG, Digicel, KORE Wireless, Eseye Limited, Orange Business Services, ORBCOMM, Telefónica S.A., Verizon, Vodafone Group, IBM, Cisco Systems, Inc., Accenture, Huawei Technologies Co., Ltd., Rogers Communications, Gemalto NV, HCL Technologies Limited, NTT Communications Corporation, 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.
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