Machine To Machine M2m Connections Market
Machine-to-machine (M2M) Connections Market Forecasts to 2030 - Global Analysis By Product (Routers, Wireless beacons and loT & M2M Modems), Type (Wireless connection and Wired connection), End User and By Geography
According to Stratistics MRC, the Global Machine-to-machine (M2M) Connections Market is accounted for $21.85 billion in 2023 and is expected to reach $34.18 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Machine-to-machine (M2M) connections refer to direct communication between devices without human intervention, enabling data exchange and automation across various industries. These connections involve sensors, actuators, and other devices communicating with each other over wired or wireless networks, facilitating tasks like monitoring, control, and optimization. M2M technology enables efficient management of resources, enhances decision-making processes, and improves overall productivity.
According to Cisco Systems, by the end of 2023, there were approximately 14.7 billion M2M connections globally. The forecasted compound annual growth rate of connections from 2018 to 2023 is 19%. According to Speedtest, as of April 2023, Qatar had the fastest average mobile internet connections globally, nearly 190 Mbps.
Market Dynamics:
Driver:
Internet of things (IoT) adoption
The adoption of the Internet of Things (IoT) is largely propelled by the machine-to-machine (M2M) connection market due to increasing need for automation and efficiency across industries fuelling demand for M2M connections, enabling seamless communication between devices and systems. The proliferation of sensors and smart devices generates vast amounts of data, driving the need for M2M connections to enable data collection, analysis, and decision-making. Moreover, the ability of M2M connections to enhance operational visibility, streamline processes, and enable predictive maintenance fosters adoption across various sectors, such as manufacturing, healthcare, and transportation.
Restraint:
Complexity of deployment
The complexity of deployment restraint arises primarily due to the intricate network infrastructure requiring for seamless communication between devices. Implementing M2M connections involves integrating various hardware and software components across diverse environments, leading to interoperability challenges. Additionally, ensuring data security and privacy amidst a vast array of connected devices adds another layer of complexity. Regulatory compliance, fragmented standards, and the need for continuous monitoring further contribute to deployment challenges. Ultimately, navigating these complexities demands robust planning, expertise, and investment to realize the full potential of M2M technology.
Opportunity:
Smart cities
Smart cities present a significant opportunity for the machine-to-machine (M2M) connection market. M2M technology facilitates seamless communication between devices, enabling efficient data exchange and automation. In smart cities, this translates into enhanced urban infrastructure management, such as intelligent transportation systems, energy grids, and waste management. By connecting various sensors, meters, and devices, M2M enables real-time monitoring and optimization of resources, leading to cost savings, improved service delivery, and sustainability. Furthermore, M2M connections enable predictive maintenance, enhancing the overall resilience and reliability of urban systems.
Threat:
Security breaches
Security breaches pose a significant threat due to the interconnected nature of devices. M2M connections facilitate seamless communication between machines, but this also opens avenues for cyberattacks. Hackers can exploit vulnerabilities in the network to gain unauthorized access, manipulate data, or disrupt operations. With the proliferation of IoT devices, ensuring robust security measures becomes paramount to safeguarding sensitive information and maintaining system integrity. Failure to address these threats can lead to financial losses, reputational damage, and even compromised critical infrastructure.
Covid-19 Impact:
With disruptions in supply chains and an economic slowdown, the deployment of M2M devices faced delays. However, the increased need for remote monitoring and automation in various sectors, such as healthcare, manufacturing, and logistics, boosted the demand for M2M connections. This demand surge was particularly notable in industries striving for efficiency and safety amidst social distancing measures. Additionally, the pandemic accelerated digital transformation initiatives, driving the adoption of M2M technologies to enable remote operations and data-driven decision-making. While COVID-19 initially posed challenges, it ultimately fuelled growth in the M2M Connections market as businesses sought resilient and adaptive solutions.
The wireless beacons segment is expected to be the largest during the forecast period
The growth of wireless beacons in the machine-to-machine (M2M) connection market can be attributed to several factors. Wireless beacons offer a cost-effective and efficient solution for transmitting data between devices, making them ideal for various M2M applications such as asset tracking, industrial automation, and smart infrastructure. Advancements in beacon technology, such as increased battery life and enhanced communication range, have made them more reliable and versatile for M2M deployments. Additionally, the rising adoption of Internet of Things (IoT) devices across industries has fueled the demand for M2M connections, further driving the growth of wireless beacons.
The security & surveillance segment is expected to have the highest CAGR during the forecast period
The security and surveillance segment is experiencing robust growth due to rising concerns regarding security threats and the need for constant surveillance across various sectors, such as commercial, residential, and public spaces. Advancements in technology have led to the development of more sophisticated and efficient security and surveillance systems that rely heavily on M2M connections for real-time data monitoring and analysis. The integration of IoT devices and sensors into security infrastructure is further fueling the growth of this segment.
Region with largest share:
North America has experienced significant growth in the machine-to-machine (M2M) connection market due to several key factors. The region boasts advanced technological infrastructure and widespread adoption of IoT devices across various industries, driving the demand for M2M connections. The increasing emphasis on automation, efficiency, and data-driven decision-making has propelled the expansion of M2M networks in sectors such as manufacturing, healthcare, and transportation. Additionally, favorable government regulations and initiatives promoting smart city development and industrial automation have further accelerated market growth. The rise of 5G technology has facilitated faster and more reliable M2M communication, fostering the deployment of connected devices.
Region with highest CAGR:
The Asia-Pacific region has witnessed robust growth in the machine-to-machine (M2M) connection market due to rapid urbanization, increasing adoption of IoT devices across various industries like manufacturing, healthcare, and transportation, and supportive government initiatives promoting smart city projects. Moreover, the region's burgeoning population and rising disposable incomes have accelerated the deployment of connected devices, creating fertile ground for M2M technology. Additionally, advancements in telecommunications infrastructure and the proliferation of 5G networks have further propelled the expansion of M2M connections, enabling faster and more reliable data transmission.
Key players in the market
Some of the key players in Machine-to-machine (M2M) Connections market include AT&T Intellectual Property, China Mobile Communications Corporation, Cisco Systems, Inc., CommSolid GmbH, Deutsche Telekom AG, Gemalto N.V, Huawei Technologies Co. Ltd, Intel Corporation, Murata Manufacturing Co. Ltd., NTT Data, NXP Semiconductors, Sierra Wireless, Telefonica S.A., Telenor Group, Telit Communications, Texas Instruments Incorporated, Thales Group, T-Mobile USAINC, U-Blox Holding AG and Vodafone Group.
Key Developments:
In May 2024, HCL Technologies Ltd. and Cisco Systems Inc. have launched Pervasive Wireless Mobility as-a-Service, which aims at providing secure and seamless enterprise-wide connectivity. The service combines HCLTech’s managed network services expertise with Cisco’s Ultra-Reliable Wireless Backhaul technology to create a network infrastructure for improved connectivity.
In February 2024, Telenor announced that it is collaborating with NVIDIA to bring AI across the Nordic region, transform internal operational efficiencies and the communications network, and create new AI opportunities and partnerships with startups, enterprises, and government entities. With this collaboration, Telenor plans to become a sovereign AI cloud partner of NVIDIA, enabling generative AI across Nordic markets at the national level.
Products Covered:
• Routers
• Wireless Beacons
• Mobile Point of Sale Devices
• Lot & M2M Modems
Types Covered:
• Wireless Connection
• Wired Connection
End Users Covered:
• Manufacturing
• Power & Utilities
• Consumer Electronics
• Automotive & Transportation
• Retail
• Healthcare
• Security & Surveillance
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Machine-to-machine (M2M) Connections Market, By Product
5.1 Introduction
5.2 Routers
5.3 Wireless beacons
5.4 Mobile point of sale devices
5.5 loT & M2M Modems
6 Global Machine-to-machine (M2M) Connections Market, By Type
6.1 Introduction
6.2 Wireless connection
6.2.1 Wi-Fi
6.2.2 Near field communication (NFC)
6.2.3 Bluetooth & zigbee
6.2.4 Long-range wireless connection
6.2.4.1 Cellular network
6.2.4.2 Non-cellular network
6.2.4.2.1 LoRa
6.2.4.2.2 Sigfox
6.3 Wired connection
6.3.1 Modbus
6.3.2 Foundation fieldbus
6.3.3 Profinet
6.3.4 Ethernet
7 Global Machine-to-machine (M2M) Connections Market, By End User
7.1 Introduction
7.2 Manufacturing
7.3 Power & utilities
7.3.1 Smart Meters
7.3.2 Smart Grids
7.4 Consumer electronics
7.4.1 Smart Appliances
7.4.2 Smart TV
7.5 Automotive & transportation
7.5.1 Fleet Tracking/Monitoring
7.5.2 Telematics
7.6 Retail
7.6.1 Contactless Checkout/Pos
7.6.2 Digital Signage
7.6.3 Intelligent Vending Machines
7.7 Healthcare
7.7.1 Fall Detector
7.7.2 Telemedicine
7.7.3 Smart Pill Dispenser
7.7.4 Patient Monitoring Systems
7.8 Security & Surveillance
7.8.1 Remote Surveillance
7.8.2 Commercial & Residential Security
7.9 Other End Users
8 Global Machine-to-machine (M2M) Connections Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 AT&T Intellectual Property
10.2 China Mobile Communications Corporation
10.3 Cisco Systems, Inc.
10.4 CommSolid GmbH
10.5 Deutsche Telekom AG
10.6 Gemalto N.V
10.7 Huawei Technologies Co. Ltd
10.8 Intel Corporation
10.9 Murata Manufacturing Co. Ltd.
10.10 NTT Data
10.11 NXP Semiconductors
10.12 Sierra Wireless
10.13 Telefonica S.A.
10.14 Telenor Group
10.15 Telit Communications
10.16 Texas Instruments Incorporated
10.17 Thales Group
10.18 T-Mobile USAINC
10.19 U-Blox Holding AG
10.20 Vodafone Group
List of Tables
1 Global Machine-to-machine (M2M) Connections Market Outlook, By Region (2021-2030) ($MN)
2 Global Machine-to-machine (M2M) Connections Market Outlook, By Product (2021-2030) ($MN)
3 Global Machine-to-machine (M2M) Connections Market Outlook, By Routers (2021-2030) ($MN)
4 Global Machine-to-machine (M2M) Connections Market Outlook, By Wireless beacons (2021-2030) ($MN)
5 Global Machine-to-machine (M2M) Connections Market Outlook, By Mobile point of sale devices (2021-2030) ($MN)
6 Global Machine-to-machine (M2M) Connections Market Outlook, By loT & M2M Modems (2021-2030) ($MN)
7 Global Machine-to-machine (M2M) Connections Market Outlook, By Type (2021-2030) ($MN)
8 Global Machine-to-machine (M2M) Connections Market Outlook, By Wireless connection (2021-2030) ($MN)
9 Global Machine-to-machine (M2M) Connections Market Outlook, By Wi-Fi (2021-2030) ($MN)
10 Global Machine-to-machine (M2M) Connections Market Outlook, By Near field communication (NFC) (2021-2030) ($MN)
11 Global Machine-to-machine (M2M) Connections Market Outlook, By Bluetooth & zigbee (2021-2030) ($MN)
12 Global Machine-to-machine (M2M) Connections Market Outlook, By Long-range wireless connection (2021-2030) ($MN)
13 Global Machine-to-machine (M2M) Connections Market Outlook, By Cellular network (2021-2030) ($MN)
14 Global Machine-to-machine (M2M) Connections Market Outlook, By Non-cellular network (2021-2030) ($MN)
15 Global Machine-to-machine (M2M) Connections Market Outlook, By LoRa (2021-2030) ($MN)
16 Global Machine-to-machine (M2M) Connections Market Outlook, By Sigfox (2021-2030) ($MN)
17 Global Machine-to-machine (M2M) Connections Market Outlook, By Wired connection (2021-2030) ($MN)
18 Global Machine-to-machine (M2M) Connections Market Outlook, By Modbus (2021-2030) ($MN)
19 Global Machine-to-machine (M2M) Connections Market Outlook, By Foundation fieldbus (2021-2030) ($MN)
20 Global Machine-to-machine (M2M) Connections Market Outlook, By Profinet (2021-2030) ($MN)
21 Global Machine-to-machine (M2M) Connections Market Outlook, By Ethernet (2021-2030) ($MN)
22 Global Machine-to-machine (M2M) Connections Market Outlook, By End User (2021-2030) ($MN)
23 Global Machine-to-machine (M2M) Connections Market Outlook, By Manufacturing (2021-2030) ($MN)
24 Global Machine-to-machine (M2M) Connections Market Outlook, By Power & utilities (2021-2030) ($MN)
25 Global Machine-to-machine (M2M) Connections Market Outlook, By Smart Meters (2021-2030) ($MN)
26 Global Machine-to-machine (M2M) Connections Market Outlook, By Smart Grids (2021-2030) ($MN)
27 Global Machine-to-machine (M2M) Connections Market Outlook, By Consumer electronics (2021-2030) ($MN)
28 Global Machine-to-machine (M2M) Connections Market Outlook, By Smart Appliances (2021-2030) ($MN)
29 Global Machine-to-machine (M2M) Connections Market Outlook, By Smart TV (2021-2030) ($MN)
30 Global Machine-to-machine (M2M) Connections Market Outlook, By Automotive & transportation (2021-2030) ($MN)
31 Global Machine-to-machine (M2M) Connections Market Outlook, By Fleet Tracking/Monitoring (2021-2030) ($MN)
32 Global Machine-to-machine (M2M) Connections Market Outlook, By Telematics (2021-2030) ($MN)
33 Global Machine-to-machine (M2M) Connections Market Outlook, By Retail (2021-2030) ($MN)
34 Global Machine-to-machine (M2M) Connections Market Outlook, By Contactless Checkout/Pos (2021-2030) ($MN)
35 Global Machine-to-machine (M2M) Connections Market Outlook, By Digital Signage (2021-2030) ($MN)
36 Global Machine-to-machine (M2M) Connections Market Outlook, By Intelligent Vending Machines (2021-2030) ($MN)
37 Global Machine-to-machine (M2M) Connections Market Outlook, By Healthcare (2021-2030) ($MN)
38 Global Machine-to-machine (M2M) Connections Market Outlook, By Fall Detector (2021-2030) ($MN)
39 Global Machine-to-machine (M2M) Connections Market Outlook, By Telemedicine (2021-2030) ($MN)
40 Global Machine-to-machine (M2M) Connections Market Outlook, By Smart Pill Dispenser (2021-2030) ($MN)
41 Global Machine-to-machine (M2M) Connections Market Outlook, By Patient Monitoring Systems (2021-2030) ($MN)
42 Global Machine-to-machine (M2M) Connections Market Outlook, By Security & Surveillance (2021-2030) ($MN)
43 Global Machine-to-machine (M2M) Connections Market Outlook, By Remote Surveillance (2021-2030) ($MN)
44 Global Machine-to-machine (M2M) Connections Market Outlook, By Commercial & Residential Security (2021-2030) ($MN)
45 Global Machine-to-machine (M2M) Connections Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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