Machine To Machine M2M Market:
Growth opportunities in the Machine To Machine M2M Market look promising over the next six years. This is mainly due to the increasing industrialization, fast adoption of the latest technologies, and their capability to perform actions without human assistance.
Machine to Machine M2M Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global Machine to Machine M2M market is forecasted to experience a notable demand in the near future. Some of the prominent drivers contributing to the market growth include the rapid industrialization, accelerating penetration of internet connectivity, and augmenting integration of Internet of Things across various applications, which include predictive and distant maintenance, industrial defense systems, asset tracking, smart logistics, supervision of manufacturing tools, and optimization of energy consumption. Also, the swift endorsement of new and advanced technologies, which include machine learning, artificial intelligence, cloud computing, IoT, and 4G/LTE across various industry verticals including automotive, healthcare, manufacturing, transport and logistics, and defense, is further strengthening the Machine to Machine M2M market size. In addition, various manufacturing companies are progressively endorsing the M2M technology because of their mounting emphasis on production reduction, resource escalation, operating costs, and energy efficiency. This is another factor responsible for market growth. Furthermore, expanding integration of software applications for product enhancements, soaring need for data dependency and efficiency, the rising tendency of embedded communications systems in industrial automation will bring enormous growth opportunities for the market.
However, the excessive cost concerned with the installation and maintenance of these systems may hinder market growth. Moreover, the absence of standardization in connectivity protocols will further curb market growth.
End Use Industry Segment Drivers
On the basis of the end-use industry, automotive is predicted to witness a higher CAGR during the forecast period. This is primarily attributed to their different applications, including the monitoring of production line machines, vehicle tracking, fleet, logistics, and intelligent transportation system management, smart parking, asset tracking, drive process mechanization, and contactless payments. In addition, the ongoing extension in the automotive, rising number of electronic vehicles, and connected cars will drive the growth of the market.
Machine to Machine M2M Market’s leading Manufacturers:
- T-Mobile USA, Inc
- Thales Group
- Cstar Technologies Inc.
- Cisco Systems, Inc.
- Infosys Limited
- Comarch SA
- Rogers Communications Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Cisco Systems, 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)
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