Cellular M2M Market

Cellular M2M Market is estimated to rise at USD 30,695 Million by 2027 at a CAGR of 20.3% during the forecast period.

Introduction of the Cellular M2M Market Report

Cellular M2M communication is deployed for wide area coverage with the help of a cellular network. The devices are connected on the web via cellular networks, and communication is built. This type of communication is deployed among machines located at different sites and for the machines remaining mobile for a long time and requires communicating periodically about their statuses. 

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Market Dynamic

Key Drivers and Emerging Trends

The advancements in wireless technologies and the internet have transformed the way customers, communication service providers, and enterprises interact with business processes. The massive rise in the M2M connections greatly impacts how most organizations do business across the industries, thereby improving the quality of products and services, operational efficiency, and decision-making. The organizations are shifting to adopt the next-generation advanced connectivity technologies, including 4G and 5G, for enabling innovation and gaining competitive advantage by connecting billions of machines, devices, and people in a hyper-connected area. M2M is a crucial component in the evolution of the IoT revolution. M2M connections form an important part of the IoT ecosystem, along with cloud computing, big data analytics, and components like sensors & actuators that together operate intelligent systems and autonomous machines. Furthermore, the number of connected devices is exponentially rising throughout the years and will continue to rise in the coming years.

 Restraint in the Cellular M2M Market

Factors including rising security and privacy concerns are projected to hamper the global cellular M2M market growth over the forecast period.

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Service- Segment Analysis

The connectivity service is projected to hold the largest market share in the global cellular M2M market based on the service. The demand for these services proliferates with the surge in advanced and challenging applications that customers are deploying. The services must ensure that the networks are secure, scalable, reliable, and provide coverage in remote areas. Thus, offering SIMs and roaming services with global coverage has become an essential function in building end-to-end IoT solutions.

Application – Segment Analysis

Asset tracking & monitoring application holds the largest market share in the global cellular M2M market. Asset tracking is deployed for fixing problems, including loss and theft of important assets, poor operational performance, and inefficient processes. M2M asset tracking aids businesses to efficiently track their assets for enhanced employee safety, process automation, and optimizing their supply chains. The application helps maintain the asset’s health and is a vital means of troubleshooting in any emergency.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to hold the largest market share over the global cellular M2M market forecast period. The region is a significant contributor to the cellular M2M industry as it witnesses massive and early deployment of advanced technologies. The region has been enormously responsive to adopting the latest technological advancements, including cloud integration and mobile technologies within cellular M2M solutions, to streamline the business processes and optimum business resource usage. The region is a pioneer in deploying cellular M2M mobile applications that are efficient in securing digital document transfer and collaboration among geographically diverse locations or employees. Additionally, most of the leading market players, including AT&T, T-Mobile, and Verizon, are based in this region. These players offer effective and advanced cellular M2M solutions & services worldwide and have a huge customer base.

Top Market Players

Various notable players operating in the market include AT&T Inc., Verizon Communications Inc., T-Mobile, Vodafone Group plc, Telefonica S.A., Deutsche Telekom, Telefonaktiebolaget LM Ericsson, KORE Wireless Group, Aeris Communications, and Telit among others. 

Key Developments:

• • In 2020, Verizon Communications Inc. extended its 5G services at the University of Illinois Research Park’s innovation hub located. The provision of 5G network aimed to enable innovators, including students, start-ups, and large organizations, to create modern applications across various industries that leverage advanced technologies, including machine learning, robotics, analytics, and IoT.

Segments covered in the Report

The global cellular M2M market has been segmented based on service, application, end-user, and key regions. Based on service, the market is segmented into professional services, managed services, and connectivity services. Based on application, the market is segmented into predictive maintenance, asset tracking & monitoring, telemedicine, warehouse management, fleet management, industrial automation, and others. By end user, the market is bifurcated into transportation & logistics, healthcare, energy & utilities, manufacturing, and others. 

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Key questions answered in this research report:

• • At what pace is the global cellular M2M market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Cellular M2M Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Cellular M2M Market?
  • Which Service generated maximum revenues in 2019 and identified the most promising during the forecast period?
  • What are the various End User areas of the Global Cellular M2M Market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Cellular M2M Market by Service

• • Professional Services
  • Managed Services
  • Connectivity Services

Global Cellular M2M Market by Application

• • Predictive Maintenance
  • Asset Tracking & Monitoring
  • Telemedicine
  • Warehouse Management
  • Fleet Management
  • Industrial Automation
  • Others

Global Cellular M2M Market by End User

• • Transportation & Logistics
  • Healthcare
  • Energy & Utilities
  • Manufacturing
  • Others

Global Cellular M2M Market by Region

• • North America Cellular M2M Market (Option 1: As a part of the free 25% customization)
    • North America Cellular M2M Market by Service
    • North America Cellular M2M Market by Application
    • North America Cellular M2M Market by End User
    • US Cellular M2M Market All-Up
    • Canada Cellular M2M Market All-Up
  • Europe Cellular M2M Market (Option 2: As a part of the free 25% customization)
    • Europe Cellular M2M Market by Service
    • Europe Cellular M2M Market by Application
    • Europe Cellular M2M Market by End User
    • UK Cellular M2M Market All-Up
    • Germany Cellular M2M Market All-Up
    • France Cellular M2M Market All-Up
    • Spain Cellular M2M Market All-Up
    • Rest of Europe Cellular M2M Market All-Up
  • Asia-Pacific Cellular M2M Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Cellular M2M Market by Service
    • Asia-Pacific Cellular M2M Market by Application
    • Asia-Pacific Cellular M2M Market by End User
    • China Cellular M2M Market All-Up
    • India Cellular M2M Market All-Up
    • Japan Cellular M2M Market All-Up
    • Rest of APAC Cellular M2M Market All-Up
  • RoW Cellular M2M Market (Option 4: As a part of the free 25% customization)
    • RoW Cellular M2M Market by Service
    • RoW Cellular M2M Market by Application
    • RoW Cellular M2M Market by End User
    • Brazil Cellular M2M Market All-Up
    • South Africa Cellular M2M Market All-Up
    • Saudi Arabia Cellular M2M Market All-Up
    • UAE Cellular M2M Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Cellular M2M Market All-Up

Major Players Operating in the Cellular M2M Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 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