Machine-to-Machine Connections Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Machine to Machine (M2M) is used for remote monitoring. M2M is an important detail I warehouse management, for example, sending notification by the vending machine where there is a shortage of product. The M2M connection became the platform to the Internet of Things (IoT) solution. Other important aspects of the M2M connection are a remote control, traffic control, logistics services, supply chain management, fleet management and telemedicine, robotics. The key components of the M2M machine are sensors, RFID, a Wi-Fi and an automated computing software program to predict the future of any organisation by interpreting their data and help them make decisions.
Machine-to-Machine Connections Market Report Segments Size & Growth:
M2M Market size is projected to reach approximately USD 28.61 Billion by the end of 2024 with a CAGR of close to 4.38% during the forecast timeline 2018-2024. The M2M market growth is assigned with the increase in adoption to M2M connections among different verticals. People shifting to 4G cellular Sim cards for mobile network technology are emerging in large number, in turn, increasing the M2M connections market. Growing penetration into the internet is the main driver driving the M2M market. Lack of standardised connectivity protocol, privacy and security issues arising from the M2M machine side are the main reasons hindering the M2M mart.
Machine-to-Machine Connections Market Report Segments Share:
By Call Type, the M2M Industry is segmented as Wired Technologies and Wireless Technologies. Further the Wired Technologies is sub-segmented into
Machine-to-Machine Connections Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Ethernet and Industrial, and further, the Industrial is segmented into industrial Ethernet, Modbus, profinet, Foundation Fieldbus. Among them, the wireless technologies are expected to witness highest CAGR over the forecasting period. This is because of the increased mobility and collaborations, better responsiveness which triggers better access to any information, easier expansion of network and more advanced guest access. The end user segments the M2M Industries and they are healthcare, utilities, Automotive & Transportation, Retail, Consumer Electronics, Security and Surveillance, and others. Among them, Automotive and Transportation sector contributed the largest share of M2M Machine Marketing as compared to other end-users. The increase in demand for embedded telematics in cars and Wi-Fi-based GPS trackers for remote fleet monitoring, Bluetooth connectivity with car Bluetooth for vehicle infotainment is expected to drive the M2M market growth over the forecast period. By geography, the M2M Connection Market is segmented into North America, South America, Europe, Middle East and Africa, Asia Pacific regions and among all these regions the Asia Pacific is expected to have highest growth rate. Being the land of many largely populated countries and emerging countries like China, India, and Malaysia. Also, the revenue spent by these countries on the IT and M2M infrastructure making more opportunities for the growth of the market
Machine-to-Machine Connections Market Report Trends:
- Cisco Launches New ‘5G Now’ Portfolio for Service Providers Taking Action on 25th February 2018. This offer includes services with faster speeds,
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Machine-to-Machine Connections Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
expanded capacity, and stronger coverage.
- On February 26th, 2018, AT&T is expanding its IoT fleet Management solutions portfolio as a full-service provider which helps in boosting productivity, economical cost, improve security and privacy regulations for the customers.
Machine-to-Machine Connections Market Report Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Global and Regional Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- NXP Semiconductors N.V.
- AT&T
- Huawei Technologies Co., Ltd.
- Texas Instruments Incorporated
- Intel Corporation
- Gemalto N.V
- Vodafone Group PLC
Along with these companies, there were many other companies considered/cited in the report while analysing the Machine-to-Machine Connections Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base
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