Machine-to-Machine (M2M) Connections Market 2021-2027
New Study Reports " Machine-to-Machine (M2M) Connections Market 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
Starting with the overview of the Machine-to-Machine (M2M) Connections Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
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 2026.
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.
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.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the M2M Connections.
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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
Machine-to-Machine (M2M) Connections Market Manufacturers
Machine-to-Machine (M2M) Connections Market Distributors/Traders/Wholesalers
Machine-to-Machine (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
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY TECHNOLOGY
1.3.2 GLOBAL MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY PRODUCT
1.3.3 GLOBAL MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY END USER
1.3.4 GLOBAL MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH PRODUCT
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
4 EXECUTIVE SUMMARY
…..
LIST OF TABLES
TABLE 1 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY
TABLE 2 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY PRODUCT
TABLE 3 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END-USER
TABLE 4 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGIONS
….
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY TECHNOLOGY (%)
FIGURE 3 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY PRODUCT (%)
FIGURE 4 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: BY END-USER (%)
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