The GMI Research’s latest analysis reveals that the Cellular M2M Market is slated to register a significant CAGR over the forecast period. This is mainly attributed to the increasing number of connected devices and the rising adoption of the next-generation advanced connectivity technologies, such as 5G and 4G.
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Cellular M2M Market’s leading Manufacturers:
- AT&T Inc.
- Verizon Communications Inc.
- T-Mobile
- Vodafone Group plc
- Telefonica S.A.
- Deutsche Telekom
- Telefonaktiebolaget LM Ericsson
- KORE Wireless Group
- Aeris Communications
- Telit
Cellular M2M Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
Various advancement in wireless technologies and the internet has helped in transforming the way customers, enterprises interact with business processes, and communication service providers. The increase in the M2M connections has changed the way organizations conduct businesses across several sectors. This has helped in enhancing the quality of products and services and improving the decision-making ability of the enterprises. Additionally, the increasing number of connected devices throughout the years is further stimulating the growth of the cellular M2M market size. The companies are drastically shifting towards the adoption of the next-generation advanced connectivity technologies, such as 5G and 4G, for allowing innovation and gaining competitive benefit by connecting billions of devices, machines, and individuals in a hyper-connected area. M2M is an important component in the evolution of the IoT revolution and is a crucial part of big data analytics, cloud computing, and components like sensors & actuators. On the other hand, the factor hindering the growth of the cellular M2M market share in terms of revenue include increasing security and privacy issues.
Application Segment Drivers
Based on the application, asset tracking & monitoring is predicted to dominate the market in the coming years. Asset tracking is deployed for fixing issues, such as poor operational performance, loss, and theft of important assets, and inefficient processes. M2M asset tracking helps businesses to effectively track their assets for improved employee safety, optimizing their supply chains, and process automation. The application aids maintain the assets’ health and are an essential means of troubleshooting in any emergency.
Regional Drivers
Based on the region, North America is projected to rise at a higher CAGR during the forecast period. The region is one of the biggest contributors to the cellular M2M sector as there is a high deployment of advanced technologies, such as cloud integration and mobile technologies within cellular M2M solutions, optimum business resource usage, and streamline the business processes. The countries in this region are increasingly deployed cellular M2M mobile applications for the transfer of digital documents across employees or different geographical locations. Numerous top players, such as Verizon, T-Mobile, and AT&T, are based in this region. These companies provide advanced cellular M2M solutions & services at the global level.
Cellular M2M Market Segmentation:
Segmentation by Service:
- Professional Services
- Managed Services
- Connectivity Services
Segmentation by Application:
- Predictive Maintenance
- Asset Tracking & Monitoring
- Telemedicine
- Warehouse Management
- Fleet Management
- Industrial Automation
- Others
Segmentation by End-User:
- Transportation & Logistics
- Healthcare
- Energy & Utilities
- Manufacturing
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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