M2M Services

M2M Services

Global M2M Services Market to Reach $1.4 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for M2M Services estimated at US$185.1 Billion in the year 2022, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at aCAGR of 28.2% over the period 2022-2030. Cellular, one of the segments analyzed in the report, is projected to record 29.5% CAGR and reach US$893.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Satellite segment is readjusted to a revised 26% CAGR for the next 8-year period.

The U.S. Market is Estimated at $58.5 Billion, While China is Forecast to Grow at 27.3% CAGR
The M2M Services market in the U.S. is estimated at US$58.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$225.9 Billion by the year 2030 trailing a CAGR of 27.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.2% and 23.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 19.5% CAGR.

Select Competitors (Total 43 Featured) -

• Aeris Communications, Inc.
• AMDOCS Ltd.
• Applied Satellite Technology Systems Ltd.
• AT&T, Inc.
• China Mobile Ltd.
• Comarch SA
• Digi International, Inc.
• EE Limited
• Ericsson AB
• Gemalto NV
• Huawei Technologies Co., Ltd.
• KORE Wireless Group, Inc.
• Novatel Wireless, Inc.
• Nupoint Systems Inc.
• Oracle Corporation
• Orange Business Services
• PTC, Inc.
• Quake Global, Inc.
• Rogers Communications, Inc.
• Sierra Wireless, Inc.
• Sprint Corporation
• Tech Mahindra Ltd.
• Telefonica SA
• Telia Company AB
• Telit Communications PLC
• u-blox AG
• Verizon Wireless
• Wipro Ltd.

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