Global Cellular M2M Module Market 2023-2027
The cellular M2M module market is forecasted to grow by USD 3049.75 million during 2022-2027, accelerating at a CAGR of 10.14% during the forecast period. The report on the cellular M2M module market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by use of M2M technology for remote patient monitoring, increasing demand for connected devices in retail sector, and advancements in cellular network technologies.
Technavio's cellular M2M module market is segmented as below:
- By Application
- Smart utilities
- Home appliances and consumer electronics
- Manufacturing
- Others
- By Technology
- 4G
- 3G
- 2G
- CDMA
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing number of smart cities as one of the prime reasons driving the cellular M2M module market growth during the next few years. Also, the rise of 4g technology and the growth of LTE-M in cellular M2M modules will lead to sizable demand in the market.
The report on the cellular M2M module market covers the following areas:
- Cellular M2M module market sizing
- Cellular M2M module market forecast
- Cellular M2M module market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cellular M2M module market vendors that include Aeris Communications Inc., AT and T Inc., Deutsche Telekom AG, Fibocom Wireless Inc., Huawei Technologies Co. Ltd., Infineon Technologies AG, InnoComm Mobile Technology Corp, KORE Group Holdings Inc., Multi Tech Systems Inc., Novotech Technologies Inc., Orange SA, Quectel Wireless Solutions Co. Ltd., Sierra Wireless Inc., Sunsea AIoT Technology Co. Ltd., Telit, Thales Group, u blox AG, Verizon Communications Inc., Vodafone Group Plc, and Lagercrantz Group AB. Also, the cellular M2M module market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.