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Global Machine-to-Machine (M2M) Connections Market: By Technology: Wired Technology, Wireless Technology; By End User: Healthcare, Utilities, Automotive and Transportation, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Machine-to-Machine (M2M) Connections Market Outlook
The global machine-to-machine (M2M) connections market attained a value of about USD 23.96 billion in 2020. The market is further expected to grow at a CAGR of 4.5% during the forecast period of 2023-2028 to reach approximately USD 31.21 billion by 2026.
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Increasing Wireless Technology Applications to Spur the Market Growth
The global market for machine-to-machine (M2M) connections is being driven by the prevalence of wireless technology in various uses. Owing to the growing adoption of short-range networks like Wi-Fi and Bluetooth for applications in multiple devices, including smart medical devices, in-car entertainment systems, and smart speakers like Amazon Alexa or Google Home, are driving the market growth for M2M connections. In addition, owing to the penetration of smartphones due to rising standards of living and inflatable disposable incomes, wireless connectivity is further generating market demand for M2M connectivity with the presence of cellular networks like LTE/4G and 5G technology. Furthermore, the emergence of smart-home technology that allows remote monitoring of home appliances like lighting, heating, ventilation, and air conditioning, among others, is augmenting the market growth for wireless machine-to-machine (M2M) connections in major developed and developing countries.
Machine-to-Machine (M2M) Connections: Market Segmentation
Machine-to-machine (M2M) connections refer to the ability of machines to communicate with each other independently, eliminating the need for human intervention. Software technologies like Artificial Intelligence (AI) and Machine Learning (ML) facilitate the communication between systems, allowing them to make their autonomous decisions.
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The market, on the basis of technology, can broadly be segmented into:
- Wired technology
- Wireless Technology
Wired technology can further be divided into ethernet and industrial.
The wireless technology segment can further be categorised into short range and cellular network.
Based on end user, the market can be divided into:
- Healthcare
- Utilities
- Automotive and Transportation
- Retail
- Consumer Electronics
- Security and Surveillance
- Others
The retail segment can further be segmented into intelligent vending machines, contactless checkout/POS, and digital signage.
The EMR report looks into the regional markets of machine-to-machine (M2M) connections like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Rising Applicability of M2M in Utilities Sector to Propel the Market Growth
The utility segment is anticipated to be a significant market driver of the global market for M2M connections. Utility companies often rely on M2M connection to harvest energy, such as oil and gas, detect worksite factors such as pressure, temperature, and equipment status. In addition to this, M2M technology can be utilised for billing consumers with the use of smart meters that measure the usage of electricity or water, hence impelling the market growth. Smart meters can be installed in commercial and residential settings and offer a real-time update on energy utilisation, along with the calculated fare.
Wireless connections like Wi-Fi can enable automatic data transmission, thus eliminating the need for manual meter readings. In addition, users can verify the credibility of the calculated bills by monitoring energy usage to avoid the scope of error, hence invigorating the market growth. Moreover, with the outburst of coronavirus pandemic, demand for M2M connectivity is further accelerating from the utility sector to avoid human interaction and thereby reducing the risk of infection.
Key Industry Players in the Global Machine-to-Machine (M2M) Connections Market
The report presents a detailed analysis of the following key players in the global machine-to-machine (M2M) connections market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Intel Corporation
- Vodafone Group PLC
- Cisco Systems Inc
- Huawei Technologies Co., Ltd.
- Texas Instruments Incorporated
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, End User, Region |
| Breakup by Technology | Wired Technology, Wireless Technology |
| Breakup by End User | Healthcare, Utilities, Automotive and Transportation, Retail, Consumer Electronics, Security and Surveillance, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Intel Corporation, Vodafone Group PLC, Cisco Systems Inc, Huawei Technologies Co., Ltd., Texas Instruments Incorporated, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Machine-to-Machine (M2M) Connections Market Analysis
8.1 Key Industry Highlights
8.2 Global Machine-to-Machine (M2M) Connections Historical Market (2018-2022)
8.3 Global Machine-to-Machine (M2M) Connections Market Forecast (2023-2028)
8.4 Global Machine-to-Machine (M2M) Connections Market by Technology
8.4.1 Wired Technology
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Wired Technology by Type
8.4.1.4.1 Ethernet
8.4.1.4.2 Industrial
8.4.2 Wireless Technology
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Wireless Technology by Type
8.4.2.4.1 Short Range
8.4.2.4.2 Cellular Network
8.5 Global Machine-to-Machine (M2M) Connections Market by End User
8.5.1 Healthcare
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Utilities
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Automotive and Transportation
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Retail
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.4.3.1 Intelligent Vending Machines
8.5.4.3.2 Contactless Checkout/POS
8.5.4.3.3 Digital Signage
8.5.5 Consumer Electronics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Security and Surveillance
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Machine-to-Machine (M2M) Connections Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Machine-to-Machine (M2M) Connections Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Machine-to-Machine (M2M) Connections Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Machine-to-Machine (M2M) Connections Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Machine-to-Machine (M2M) Connections Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Machine-to-Machine (M2M) Connections Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Intel Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Vodafone Group PLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cisco Systems Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Huawei Technologies Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Texas Instruments Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Machine-to-Machine (M2M) Connections Market: Key Industry Highlights, 2018 and 2028
2. Global Machine-to-Machine (M2M) Connections Historical Market: Breakup by Technology (USD Billion), 2018-2022
3. Global Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4. Global Machine-to-Machine (M2M) Connections Historical Market: Breakup by End User (USD Billion), 2018-2022
5. Global Machine-to-Machine (M2M) Connections Market Forecast: Breakup by End User (USD Billion), 2023-2028
6. Global Machine-to-Machine (M2M) Connections Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Machine-to-Machine (M2M) Connections Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Machine-to-Machine (M2M) Connections Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Machine-to-Machine (M2M) Connections Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Machine-to-Machine (M2M) Connections Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Machine-to-Machine (M2M) Connections Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Machine-to-Machine (M2M) Connections Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Machine-to-Machine (M2M) Connections Market Structure
Key Questions Answered in the Report
The global machine-to-machine (M2M) connections market attained a value of nearly USD 23.96 billion in 2020.
The market is projected to grow at a CAGR of 4.5% in the forecast period of 2023-2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach about USD 31.21 billion by 2026.
The industry is being driven by the extensive applicability of wireless connectivity across various devices, owing to the versatility of internet connection and a spur in smart devices.
The market growth for M2M connection can be attributed to the rising demand from the utility sector to aid in automatic data transmission over the internet thereby eliminating the need for human intervention.
The major regional markets for machine-to-machine (M2M) connections are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major technologies of machine-to-machine (M2M) connections are wired technology and wireless technology.
The significant end users of machine-to-machine (M2M) connections are healthcare, utilities, automotive and transportation, retail, consumer electronics, and security and surveillance, among others.
The major players in the industry are Intel Corporation, Vodafone Group PLC, Cisco Systems Inc, Huawei Technologies Co., Ltd., and Texas Instruments Incorporated, among others.
Analyst Review
The global machine-to-machine (M2M) connections market attained a value of about USD 23.96 billion in 2020, driven by widespread availability of wireless technology. Aided by the growing demand from utility sector, the market is expected to grow at a CAGR of 4.5% in the forecast period of 2023-2028 to reach nearly USD 31.21 billion by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The market, on the basis of technology, can broadly be classified into wired technology and wireless technology. Based on end users, the market can be categorised 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, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Intel Corporation, Vodafone Group PLC, Cisco Systems Inc, Huawei Technologies Co., Ltd., and Texas Instruments Incorporated, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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