Machine-to-Machine (M2M) Connections Market – Overview
Global Machine-to-Machine (M2M) Connections Market are transforming industries and creating tremendous opportunities for M2M module vendors around the world. Along with the M2M, IoT is making huge growth in the M2M market, globally. However, the Internet of Things will consist primarily of machines talking to one another, with computer-connected humans observing, analyzing and acting upon the resulting the big data explosion, will shaping up the growth of machine to machine connections.
The study indicates that the short range technology is dominating M2M connections. In 2017, it has been observed that about 73% of M2M devices is connected by short-range technologies, mostly WiFi. The wireless wide area network connections will grow from 750 million at the end of 2017 to 2.6 billion in 2023. The most important WWAN sector is automotive including pay-as-you-drive insurance, eCall and security and tracking. At the end of 2017, the M2M accounted for 15% of cellular connections and by 2023, this will reach 22%.
The global Machine-to-Machine (M2M) Connections market is expected to grow at USD ~$ 27.05 Billion by 2023, at ~9.9 % of CAGR between 2017 and 2023.
Major Key Players
The main players in the market for machine to machine learning sector include Vodafone Group PLC (UK), Telit Communications (UK), Gemalto N.V. (Netherlands), Texas Instruments Incorporated (US), U-blox Holding AG (Switzerland), and Verizon Communications, Inc. (U.S) among others.
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Global Competitive Analysis
The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise’s liquidity to take the most active decisions in terms of strategy execution and designing.
The Machine-to-Machine (M2M) Connections market worldwide has been divided into the category of product, technology, end users and region.
By Product: routers, wireless beacons, IoT & M2M modems, modules mobile point of sale and others.
By Technology: Short Range, Ethernet, Wired Technologies, Industrial, Cellular Network, Wireless Technologies and Others
By End-User: Automotive & Transportation, government and defense, Security & Surveillance, Consumer Electronics, Retail, Healthcare, Utilities and Others
By Region: Asia Pacific, North America, Europe and Rest of the World (ROW)
The regional analysis of Machine-to-Machine connections market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. In North America, it has been estimates that 65% of M2M service revenue is accounted for by the service wrap and 35% by the provision of connectivity. While, the majority of the revenue comes from service enablement with the remainder coming from the provision of basic short range connectivity. While in Europe, the operators such as Vodafone and Deutsche Telekom are already seeing modest success in the connected health market, is anticipated to be the leading region.
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- Machine-to-Machine (M2M) Connections device manufacturers
- Technology Providers of Machine-to-Machine Systems
- Technical Universities
- Research Institutes and Organizations
- Component Suppliers
- Machine-to-Machine Equipment Manufacturers
- Suppliers and Distributors of Machine-to-Machine (M2M) Connections
- Standardization and Testing Firms
- Raw material and manufacturing equipment suppliers
- Semiconductor wafer vendors
- Telecom operators
- Application providers
- Safety equipment manufacturers
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