Global Cellular M2M Market Size, Share & Industry Trends Analysis Report By Organization Size, By Services Type, By Application, By End User, By Regional Outlook and Forecast, 2022 - 2028

Global Cellular M2M Market Size, Share & Industry Trends Analysis Report By Organization Size, By Services Type, By Application, By End User, By Regional Outlook and Forecast, 2022 - 2028

The Global Cellular M2M Market size is expected to reach $38 billion by 2028, rising at a market growth of 21.6% CAGR during the forecast period.

The interaction between two devices from any place with enabled SIMS, or Subscribers Identity Module Service, is known as machine to machine, or M2M. Wireless or wired connections can be used to link these machines with each other. M2M enables the utilization of a variety of services, including mobile assets, fleet cars, electric meters, and fixed assets. In addition, M2M connections are ideal for interconnecting machines that are already connected to the internet.

With faster and improved communications networks along with higher response rates, cellular M2M communication solutions are offering wider ranges for the commercial Internet of Things world. Automation of nodes is becoming extremely possible as reaction speeds increase. For example, AT&T Inc.'s M2X Data Service allows businesses to collect, analyze, and distribute time series data and information from connected devices in real-time.

Industrial Internet of Things, also called IIoT, technologies have been increasingly prevalent in recent years. Monitoring support, automation, and predictive machine maintenance along with other essential tools are all part of Industry 4.0, which gives manufacturing plants and enterprises a competitive advantage. These developments indicate significant potential growth tendencies for the worldwide cellular M2M market study.

Machine to Machine can certainly comprise industrial instrumentation through a sensor that communicates with software applications about the data obtained, such as temperature, inventory level, unit count, and so on. As a result, modern M2M communication has evolved into a network system that sends data to personal appliances as well. In addition, M2M communications are majorly being aided by the expansion of IP networks.

COVID-19 Impact

The COVID-19 pandemic caused a severe impact on various economies all over the world. Several businesses were significantly devastated as a result of the outbreak of the COVID-19 infection. In addition, the governments of several countries were forced to impose lockdowns in their nations. As a result, the manufacturing units of numerous goods were temporarily shut. Moreover, these lockdowns also caused a major disruption in the supply chain of various goods. Further, the COVID-19 led the healthcare industry to a significant failure due to the shortage of beds and oxygen in hospitals.

Market Growth Factors

Growing utilization across the agriculture industry

Food scarcity is one of the most critical problems that is being faced by people all over the world, especially poor people, in almost all the countries, and it has a particularly negative impact on semi-arid regions & arid regions and countries. Crop pests can also have a negative influence on the economy and humanitarian assistance. As a result, as farmers seek to increase yields while lowering costs, the requirement for more efficient and intelligent agricultural technologies and solutions is surging. In recent years, M2M cellular technology has accelerated the development of innovative applications and services that are mostly used in the agricultural value chain to supply farmers with the most vital and scarce resources.

Rising requirement of high-speed internet connectivity

Customers, businesses, as well as communication service providers are now connected with business processes in a completely new and advanced manner due to the continuously increasing developments in internet and wireless technology. The tremendous increase in M2M connections is offering multiple considerable advantages on the number of organizations across industries that are involved in businesses by enhancing operational efficiency, product and service quality, and decision-making. Organizations are adopting next-generation connectivity technologies like 4G and 5G to enable innovation and achieve a competitive advantage by connecting several devices, people, and machines in the hyper-connected region.

Market Restraining Factors

Data confidentiality and privacy-related risks

The rise of revolutionary technologies such as cloud and mobile has considerably benefited cellular M2M applications. Regulating the digital access rights and flow of sensitive data of digital assets, as well as intellectual property protection, are key concerns of cellular M2M application providers due to the sensitivity and security involved with insurance data. Data privacy and security is a significant barrier that must be effectively addressed. To handle data theft risks, effective access and control mechanisms must be established. Any unauthorized access to sensitive data can cause substantial losses to the company as well as its customers.

Organization Size Outlook

Based on Organization Size, the market is segmented Large Enterprises and Small & Medium Enterprises (SMEs). In 2021, the large enterprise segment acquired the largest revenue share of the cellular M2M market. Large organizations gain various advantages from cellular M2M service providers' assistance in optimizing network infrastructure, deploying cutting-edge apps that help them to minimize operational costs, increase operational efficiencies, solve IoT device difficulties, and identify & mitigate security threats. They are continually looking for ways to implement industry solutions that will help them improve their operational efficiency. The large-scale utilization of cellular M2M solutions is also owing to the significant customer base of these large enterprises. In order to fulfill evolving demands of customers all over the world, large enterprises are seeking an efficient and effective solution. Therefore, the growth of this segment is anticipated to flourish over the forecasting period.

Services Type Outlook

Based on Services Type, the market is segmented into Connectivity Services, Professional Services, and Managed Services. In 2021, the professional services segment garnered a significant revenue share of the cellular M2M market. Any enterprise that desires to develop novel M2M applications can leverage the Cellular Machine to Machine professional services in order to meet their technology expertise requirements. As a result, it is focused on delivering great M2M programs that match the demands of customers, and it's managed by IT suppliers employing a perfect blend of process, people, and data technologies. Moreover, professional services offer increased accuracy and precision to the organization. This is owing to the fact that these services are provided by skilled professionals with a robust knowledge about the functions and features of the technology. Employing professional services can significantly increase the efficiency of an enterprise by reducing the number of errors through professional risk management services.

Application Outlook

Based on Application, the market is segmented into Asset Tracking & Monitoring, Predictive Maintenance, Telemedicine, Warehouse Management, Industrial Automation, Fleet Management, Smart Meter, and Others. In 2021, the asset tracking and monitoring segment procured the largest revenue share of the cellular M2M market. Asset monitoring is majorly being utilized to address issues such as asset theft and loss, wasteful operations, as well as poor operational performance. The M2M asset monitoring tool enables organizations to manage assets efficiently in order to increase employee safety, automate processes, and optimize their supply chain. The application is significantly crucial for maintenance of the health of the asset as well as troubleshooting in the occurrence of any problem or emergency. In addition, utilizing M2M in asset tracking facilitated the company to monitor the condition of any machine or asset remotely. Owing to this, organizations can significantly increase their productivity and output by continuously maintaining the health of their assets.

End User Outlook

Based on End User, the market is segmented into Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Others. In 2021, the transportation and logistics segment registered a significant revenue share of the cellular M2M market. The adoption of cellular M2M solutions and services on a global scale has had a significant advantage on the transportation and logistics business. Many major players in the value chain can share data and information via M2M technology and improve their productivity as a result of rapid digitalization. The logistic and transportation processes are being revolutionized with the help of cellular M2M technologies, and firms are introducing customized solutions for efficient supply chain and delivery systems. Moreover, with the advent of GPS-based vehicles, the utilization of cellular M2M modules has been considerably increased in the transportation and logistics sector. Therefore, this segment is estimated to observe significant growth over the coming years.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2021, North America accounted for the largest revenue share of the cellular M2M market. North America has been quick in the deployment of the most recent and advanced technology breakthroughs, like mobile and cloud integration into cellular M2M solutions, in order to facilitate processes of a company and maximize resource efficiency. The region is a leader in the deployment of cellular M2M mobile applications, which are effective in protecting digital document sharing and cooperation among employees or sites that are geographically separated. Moreover, this region comprises a large number of technology pioneers. The headquarters of most of the key market players, including AT&T, and T-Mobile, are located in this region. These companies have a large customer base and provide superior cellular M2M solutions and services around the world. Therefore, the growth of the regional market is estimated to flourish over the forecast period owing to this factor.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; AT&T, Inc. and Verizon Communications, Inc. are the forerunners in the Cellular M2M Market. Companies such as Telefonica S.A., Deutsche Telekom AG and Ericsson AB are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc., Verizon Communications, Inc., Vodafone Group Plc, Orange S.A., Telefonica S.A., Deutsche Telekom AG, Ericsson AB, Giesecke & Devrient GmbH, Thales Group S.A., and Infineon Technologies AG.

Recent Strategies Deployed in Cellular M2M Market

Partnerships, Collaborations and Agreements:

Mar-2022: Verizon partnered with Meta, an American multinational technology conglomerate. Through this partnership, the companies would focus on the improvement of Verizon’s mobile edge compute infrastructure in order to provide intensive XR cloud rendering along with low latency streaming to customers through it.

Feb-2022: Vodafone entered into a partnership with Oracle, an American multinational computer technology corporation. The partnership aimed to offer cloud-native network policy management to support users in advancing toward standalone 5G. Moreover, the new solution comprises the 5G Core Policy Control Function and Policy and Charging Rules Function of Oracle to enable the implementation of complex network policies.

Jul-2021: Orange partnered with Nooka Space, the world's first network of smart, ergonomic, and Wi-Fi-connected backyard office spaces. Under this partnership, Nooka Space would allow Orange's services clients to leverage the Nooka proximity office in Orange’s Romania division.

Jun-2021: Vodafone Idea came into a partnership with Cisco, an American multinational technology conglomerate. Following this partnership, Cisco would help Vodafone in automating its telecom network to make it compatible with 4G, as well as 5G use cases in the future to offer improved user experience to its customers

May-2021: Vodafone partnered with Digi, a leading vendor of IoT products and solutions. Under this partnership, Digi would offer its full range of cellular LTE routers to Vodafone's customers as a key IoT solutions partner.

Jul-2020: Telefonica extended its partnership with Erictel, an IoT solutions developer based in Spain. The companies aimed to innovate and commercialize new Big Data and IoT mobility solutions including field forces management and asset tracking in all the regions occupied by Telefonica.

Apr-2020: Infineon teamed up with Tata Communications, an Indian telecommunications company. Following this partnership, the companies rolled out leading-edge security hardware-based OPTIGA Connect eSIM. Moreover, the new product would offer carrier-agnostic cellular coverage in more than 200 countries.

Product Launches and Product Expansions:

Feb-2022: Ericsson rolled out IoT Accelerator Connect, a solution that streamlines deployments for businesses and communications service vendors. The new product would provide plug-and-play access to cellular IoT connectivity with the ability to scale a significant number of devices.

Feb-2022: Thales rolled out Cinterion ELS62. The new product would offer secure and reliable communication capabilities to the applications such as medical devices, smart meters, and connected security systems.

Feb-2022: Deutsche Telekom unveiled T-IoT in integration with T-Mobile, a mobile communications subsidiary of German telecommunications. The new product would allow companies to leverage one global team and one global solution in order to manage their entire networks across borders. In addition, the new solution would be available in 188 destinations along with 383 networks all over the world.

Oct-2021: Verizon introduced hardware & intelligence and of customer-facing network portfolio in its Internet of Things applications. With this product expansion, devices that are certified by Verizon would be able to access nationwide 5G networks of the company via existing compatible data plans.

Jul-2020: Deutsche Telekom launched its 5G-ready LTE-M network in Germany. Through this launch, the company aimed to roll out its first commercial offering to the German market in both pre-paid and post-paid portfolios of the company.

Acquisitions and Mergers:

Jul-2021: Giesecke+Devrient acquired Pod Group, an IoT enterprise network operator. Through this acquisition, the company aimed to strengthen its position as a vendor of infrastructure, connectivity, and managed services sector for enterprises in order to enable them to control and own their Internet of Things networks.

Scope of the Study

Market Segments covered in the Report:

By Organization Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Services Type

• Connectivity Services
• Professional Services
• Managed Services

By Application

• Asset Tracking & Monitoring
• Predictive Maintenance
• Telemedicine
• Warehouse Management
• Industrial Automation
• Fleet Management
• Smart Meter
• Others

By End User

• Manufacturing
• Healthcare
• Energy & Utilities
• Transportation & Logistics
• Others

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• AT&T, Inc.
• Verizon Communications, Inc.
• Vodafone Group Plc
• Orange S.A.
• Telefonica S.A.
• Deutsche Telekom AG
• Ericsson AB
• Giesecke & Devrient GmbH
• Thales Group S.A.
• Infineon Technologies AG

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