Global Machine To Machine (M2M) Services Market 2024-2028
The machine to machine (M2M) services market is forecasted to grow by USD 116807.2 mn during 2023-2028, accelerating at a CAGR of 37.12% during the forecast period. The report on the machine to machine (M2M) services 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 rising demand for improved machine to machine data communication, growing demand for connectivity, and increased use of POS terminals.
Technavio's machine to machine (M2M) services market is segmented as below:
By Application
- Automotive
- Healthcare
- Utilities
- Retail
- Others
By Technology
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growth of automotive industry by leveraging 5G technology as one of the prime reasons driving the machine to machine (M2M) services market growth during the next few years. Also, increasing machine to machine platform consolidation and adoption of machine to machine service in supply chain management will lead to sizable demand in the market.
The report on the machine to machine (M2M) services market covers the following areas:
- Machine to machine (M2M) services market sizing
- Machine to machine (M2M) services market forecast
- Machine to machine (M2M) services 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 machine to machine (M2M) services market vendors that include Aeris Communications Inc., Alphabet Inc., Amdocs Ltd., AT and T Inc., BT Group PLC, Cisco Systems Inc., Comarch SA, Cstar Technologies Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., Orange SA, Rogers Communications Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Thales Group, Verizon Communications Inc., and Vodafone Group PLC. Also, the machine to machine (M2M) services 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.