The GMI Research expects the Machine To Machine M2M market to expand at a significant rate. From a regional perspective, the Asia-Pacific is projected to dominate the market due to the rising penetration of Internet across the commercial, industrial, and residential spaces and strong presence of various major M2M vendors like Singapore Telecommunications (SingTel), Vodafone, and Orange Business Services.
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Machine To Machine M2M Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major factors responsible for the growth of the Machine to Machine M2M market include the increasing penetration of the Internet connectivity, and rapid industrialization. Moreover, the growing adoption of industrial IoT for multiple applications, such as industrial security systems, predictive and remote maintenance, asset tracking and smart logistics, manufacturing equipment monitoring, and energy consumption optimization among others will further surge the growth of the Machine to Machine M2M market. Furthermore, the high adoption of new technologies including cloud computing, 4G/LTE, the internet of things (IoT), machine learning, and artificial intelligence in several industry verticals like automotive, manufacturing, transport and logistics, healthcare, and defence among others is further anticipated to stimulate the growth of the market.
Manufacturing organizations are rapidly adopting M2M technology due to the growing emphasis on production decline, operating costs, resource optimization, and energy efficiency, will further propel the market growth in the upcoming years. Additionally, increasing requirement for data reliability and efficiency, emerging trend of fitted communications systems in industrial automation, and growing software application integration for product improvements is anticipated to bring various new opportunities to the market. On the other hand, increased cost of installation and the limitations of standardizations in connectivity protocols and maintenance of Machine to Machine M2M systems will hinder the growth of the Machine to Machine M2M market in the upcoming years.
Technology Segment Drivers
Based on technology, the cellular connections segment is projected to dominate the market during the forecast period due to numerous benefits of cellular connection technology, such as flexibility in connectivity, security, extensive coverage, remote management, cost effectiveness, and decreased interference from other signals. Additionally, the growing adoption of 3G, LTE and 5G mobile technologies and rising preference of using cellular M2M in asset tracking for transportation fleets, keyless locking systems for cars, and bikes, video surveillance, and car entertainment are some other factors fuelling the market growth.
Machine To Machine M2M Market’s leading Manufacturers:
- International Business Machines Corp.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Rogers Communications Inc.
- Cstar Technologies Inc.
- Comarch SA
- Thales Group
- Infosys Limited
- T-Mobile USA, Inc.
Machine To Machine M2M Market Segmentation:
Segmentation by Technology:
- Cellular Connections
- Low Power Wide Area
- Short Range
- MAN
- Wide Area Fixed
- Satellite
Segmentation by End-use Industry:
- Retail Sector
- Banking and Financial Institution
- Telecom & IT Industry
- Healthcare
- Automotive
- Oil & Gas
- Transportation
- 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)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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