Machine-to-Machine (M2M) Connections Market 2021-2027
New Study Reports " Machine-to-Machine (M2M) Connections 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
This published report for the M2M Connections Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study M2M Connections Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the M2M Connections Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027.
Drivers & Constraints
The M2M Connections Market introduces the building blocks of the report with the influence of market dynamics and functioning and a need to understand customer behavior. The increase and decrease in the product/service budget also play an important role in predicting the future growth of the M2M Connections Market. Besides, the high deployment cost of product/service, and other restraints are also pointed out in the report. The M2M Connections Market report also studies the value, volume trends and pricing history of the market so that the pattern and layout are also evaluated for the advanced study of the market over the forecast period.
The Machine-to-Machine connections Market worldwide is expected to demonstrate revenue growth at USD $ 27.05 Billion by the year 2026 while growing at 9.9 per cent CAGR between the years 2017 to 2023.
Machine-to-machine (M2M) communications pertains to the mode of communications between various interconnected devices. The lack of human intervention in the process can garner high interest among industry leaders looking towards automation as a solution to streamline processes and cut down costs. The global machine-to-machine communications market report by Market Research Future (MRFR) covers latest innovations in IoT and integration of machine learning across industries for the forecast period (2023-2027). The COVID-19 outbreak and its effects on the industry are explored in the complete report.
Market Scope
The global machine-to-machine (M2M) communications market is predicted to exhibit 9.9% CAGR over the forecast period. This is attributed to adoption of internet of things (IoT) across industries. Use of cellular and broadband internet to facilitate communication between machines is likely to bode well for the market. Advent of autonomous cars and rollout of 5G technology in certain countries can widen the prospects of the market. The manufacturing sector is likely to trigger the demand for M2M communications owing to accumulation of machine conditions and communication with each other for expediting efficiency and reliability. The ability of M2M to exchange data in real-time and monitoring of supply chains and warehouse operations can culminate in its heavy adoption. This is exemplified by its offerings by Siemens, Honeywell, ABB, and others.
The COVID-19 outbreak had significantly impacted the market demand with many industries facing shutdowns. But the relaxation of norms and resumption of international trade has led to higher adoption of M2M communications in IIoT systems. Shift towards new technologies can facilitate the market demand over the forecast period.
But the high capacity of batteries of wireless modems and routers in the IoT setup can pose a challenge to the market.
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Key Players
The report has profiled some of the Important players prevalent in the global like – Vodafone Group PLC (UK), Telit Communications (UK), Gemalto N.V. (Netherlands), Texas Instruments Incorporated (US), U-blox Holding AG (Switzerland), and Verizon Communications, Inc. (U.S) among others and more.
The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise's liquidity to take the most active decisions in terms of strategy execution and designing.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the M2M Connections.
Segmentation
On the basis of product, the market includes IoT and M2M modems, routers, wireless beacons, modules mobile point of sale, and others.
On the basis of end-users, the machine-to-machine communications market comprises consumer electronics, the automotive and transportation sector, government and defense, healthcare, security and surveillance, retail, utilities, and many other sectors. The automotive and transportation sector is expected to induce heavy demand from the market owing to setup of wireless wide area networks (WWAN). It can be used to provide security to autonomous cars, tracking the vehicle, and place electronic calls.
By technology, the market consists of Ethernet, short-range, cellular networks, industrial, wired technologies, and wireless technologies. The wireless technologies segment is estimated to garner huge revenues by the end of the forecast period owing to low power consumed by them and its ability to connect wide areas of people. Rapid deployment of these systems and dipping prices of modems can bode well for the segment. Rise of new communication networking technologies such as 5G can drive the M2M communications market growth.
Regional Analysis
Asia Pacific, North America, Europe, and Rest-of-the-World (RoW) are major regions analyzed with respect to the market.
North America is expected to lead the global market owing to mission-critical communications required by machines. Rise of industrial automation and evolution of communication networking technologies can drive the regional market demand significantly. High demand for low-latency communications and wireless mode of connectivity in the U.S. can favor the M2M communications market.
Europe follows North America in the global machine-to-machine communications market. It can be lucrative owing to swelling numbers of internet users and adoption of industrial manufacturing processes. Deployment of sensors and RFID tags to improve predictability in maintenance, reliability, and profitability can drive regional market growth.
Industry news
BeeIN, a Slovenian company, has purchased frequency in the 700 MHz frequency for providing coverage to critical communication networks in the country.
Key Stakeholders
M2M Connections Market Manufacturers
M2M Connections Market Distributors/Traders/Wholesalers
M2M Connections Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/machine-2-machine-connections-market-3818
Major Important Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global M2M Connections Market, By Component
6 Global M2M Connections Market, by Technology
7 Global M2M Connections Market, by Application
8 Global M2M Connections Market, By Industry
9 Global M2M Connections Market, By Region
10 Competitive Landscape
And more
Continued...
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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