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Global Machine-to-Machine (M2M) Connections Market to Grow at a CAGR of 4.5% During 2021-2026, Driven by Favourable Government Initiatives

According to a new report by EMR titled, ‘Global Machine-to-Machine (M2M) Connections Market Report and Forecast 2021-2026’, the market attained a value of about USD 23.96 billion in 2020. The industry is further expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026 to reach a value of nearly USD 31.21 billion by 2026.

The rising demand for machine-to-machine (M2M) connections can be attributed to the growing penetration of internet connectivity in nearly every end-use sector for enhanced productivity, improved accuracy, and efficiency. Owing to government initiatives in major developed and developing nations, the market for M2M connections is anticipated to be augmented by its applications in smart infrastructure. In smart cities, M2M connections can aid in adaptive traffic management as connected cars can send automated alerts about traffic conditions and avoid cluttering. In addition, with the help of sensors installed in parking space, drivers can utilise the real-time data to locate driving spots, thus avoiding congestion and saving upon fuel and time. Furthermore, smart devices like intelligent fire safety equipment equipped to detect any potential fires are driven by M2M technology and Artificial Intelligence (AI) devices like sensors detecting building temperature. Thus, the emergence of smart infrastructure is anticipated to accelerate the industry growth of M2M connections globally.

Vodafone Group PLC (LON: VOD) and Intel Corporation (NASDAQ: INTC), two global leaders in the global market for M2M connections, have recently announced a collaboration to develop M2M smart services in 2021. The collaboration aims at reducing the cost of deployment and development costs and ease the management of connected devices to the internet. By bringing together Intel’s advanced computing power and Vodafone’s mobile data capabilities, businesses will be able to deploy M2M connectivity in a wide range of applications from washing machines to smart homes. With the help of the M2M Smart Services Developer Kit using the Intel Atom processor, the businesses will be able to create standardised M2M applications, thus provide impetus to the overall market of M2M connections. Such innovations by the market leaders in the M2M connections industry is augmenting the overall growth of the market.

Market Analysis by Technology, End User, and Region:

  • On the basis of technology, the market can be broadly segmented into wired technology and wireless technology.
  • Based on end user, the market can be divided into healthcare, utilities, automotive and transportation, retail, consumer electronics, and security and surveillance, among others.
  • The major regional markets for machine-to-machine (M2M) connections are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The rising demand for wireless technology, including short-range and cellular connectivity, in various end-use industries is significantly aiding the market growth of M2M connections.
  • Emergence of smart home technology like smart speakers, connected lighting, ventilation, and security systems that run on M2M connectivity, are generating robust opportunities for the market growth.
  • The application of M2M connectivity in the utilities segment with the introduction of smart meters for automated data transmission is bolstering the market growth.
  • Smart city infrastructure in major developed and developing nations is augmenting the market demand for M2M connected devices, thereby propelling the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the machine-to-machine (M2M) connections industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for technologies, end users, and regions of machine-to-machine (M2M) connections.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global machine-to-machine (M2M) connections market are Intel Corporation, Vodafone Group PLC, Cisco Systems Inc, Huawei Technologies Co., Ltd., and Texas Instruments Incorporated, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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