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Cellular M2M Market –
Global Opportunities & Forecast, 2020-2027
Cellular
M2M Market
Cellular
M2M Market is expected to expand at a compound annual growth rate of 20.3%
during the forecast period. The increasing adoption of wireless connectivity
across industries to enhance operational efficiency, product quality, and
ongoing technological innovation in connectivity will drive the market growth.
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Cellular M2M Market Dynamics
M2M is an important constituent in the IoT environment,
along with big data analytics, cloud computing, and components like sensors
& actuators that operate intelligent systems and autonomous machines. Thus,
he accelerating number of connected devices throughout the world is a major
factor driving the growth of the Cellular M2M Market. The innovations in
wireless technologies and the internet have changed the way enterprises,
communication service vendors, and enterprises interact with business
processes. The global
cellular M2M market report projects that the surge in the M2M
connections influences the way organizations do business across the industries,
thereby enhancing the quality of products and services, operational efficiency,
and decision-making. Various organizations have adopted the next-generation
advanced connectivity technologies, such as 4G and 5G, to encourage innovation
and gain competitive advantage by connecting billions of devices, machines, and
people in a hyper-connected area. Factors such as growing security and privacy
concerns will hamper the Cellular M2M market size.
Service
Segment Analysis
The connectivity service is expected to dominate the market
with the highest share in the global cellular M2M market based on the service.
The demand for these services increases with the increasing deployment of
advanced and challenging applications by customers. The services must certify
the security, reliability, scalability of networks and provide coverage in
distant areas. Thus, providing SIMs and roaming services with international
coverage has become an essential function in developing end-to-end IoT
solutions.
Market
Segmentation
Cellular
M2M Market by Service
·
Professional Services
·
Managed Services
·
Connectivity Services
Cellular
M2M Market by Application
·
Predictive Maintenance
·
Asset Tracking & Monitoring
·
Telemedicine
·
Warehouse Management
·
Fleet Management
·
Industrial Automation
·
Others
Cellular
M2M Market by End User
·
Transportation & Logistics
·
Healthcare
·
Energy & Utilities
·
Manufacturing
·
Others
Cellular
M2M Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
About GMI
Research
GMI Research is a market research and consulting firm which
provides market insights and intelligence across 12 major sectors helping our
clients in making effective investment and business decisions.
Media Contact
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Email: enquiry@gmiresearch.com
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