Cellular M2M Market touched USD 10.6 billion in 2020 and is projected to grow at a whopping CAGR of 20.3% till 2027

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The Cellular M2M Market was valued at $10.6 billion in 2020 and is projected to rise at $30.7 billion, exhibiting a CAGR of 20.3% over the forecast period. GMI Research’s report offers a deep insight into the global cellular M2M market covering all its important aspects. Factors such as the adoption of technologies with high-speed internet and connectivity, such as 4G and 5G, are likely to fuel the cellular M2M market growth.

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Introduction of the Cellular M2M Market

Cellular M2M communication allows different devices to communicate with each other without any human interaction and automation management. Several industries, such as healthcare, energy, utilities, and manufacturing, benefit from these communication platforms by providing reliable and cost-efficient connectivity and remote management. These services address the need for technology skills of any organization that aims to launch new M2M applications.

Key Players of the Market:

• KORE Wireless Group
• AT&T Inc.
• T-Mobile
• Vodafone Group plc
• Deutsche Telekom
• Telefonaktiebolaget LM Ericsson
• Aeris Communications
• Telit
• Verizon Communications Inc.
• Telefonica S.A.

Cellular M2M Market Dynamics

The growth in the global cellular M2M market is mainly steered by several initiatives introduced by the government authorities to encourage the deployment of cellular M2M solutions for different systems. Department of Telecom (DoT), a department of the Indian communication ministry, in April 2018, declared the issue of a 13-digit number to telecom operators for the trial of M2M communications. M2M connections form an integral part of the Internet of Things ecosystem, big data analytics, cloud computing, and other components like actuators & sensors that operate autonomous machines and intelligent systems. Thus, the massive adoption of the M2M technology has influenced how various organizations do business across the industries, thereby enhancing the product and service quality.

The increasing investment in high-speed internet and advanced connectivity technologies, like 5G and 4G, will help in bolstering the market. For example, The U.K. Government, in January 2021, declared an investment of approximately $38 million for innovative trials of 5G application. With the rising number of connected devices, the market demand has substantially increased. However, a massive increase in safety and privacy threats because of the adoption of cloud and mobile technologies can restrain the market growth. Further, the rising data traffic among businesses is also a significant reason obstructing the cellular M2M market size.

Service Segment Analysis

The connectivity service is expected to dominate the market with the highest share in the global cellular M2M market over the forecast period. The demand for these services proliferates with the surge in advanced and challenging applications that customers are deploying. The services ensure that the networks are safe, scalable, dependable, and offer coverage in distant areas. Thus, offering SIMs and roaming services along with international coverage has become an essential aspect in developing an end-to-end IoT solution.

Application Segment Analysis

Asset tracking & monitoring applications will seize the largest share in the market based on application. Asset tracking is primarily used to solve problems, such as loss and theft of valuable assets, inferior functional performance, and ineffective processes. Also, M2M asset tracking help businesses to efficiently monitor their assets for better employee safety, process mechanization, and optimization of their supply chains. The application sustains the asset’s health and is an essential means of troubleshooting during any emergency.

Regional Analysis

The North American region is forecasted to lead the overall market during the forecast period. The primitive and massive deployment of advanced technologies in North America has driven the market share. The region has been highly responsive in the adoption of technological advancements, including cloud incorporation and mobile technologies within cellular M2M solutions, to simplify the business processes. North America is accounted to be a pioneer in disposing cellular M2M mobile applications that are effective in safeguarding digital document transfer and partnership among geographically diverse locations or employees. Additionally, the cellular M2M market report projects that the presence of leading market players, including AT&T, T-Mobile, and Verizon, in this region has bolstered the market growth. These players offer powerful and sophisticated cellular M2M solutions & services worldwide.

Cellular M2M Market Segmentation:

Segmentation by Service
   • Professional Services
   • Managed Services
   • Connectivity Services

Segmentation by Application
   • Predictive Maintenance
   • Asset Tracking & Monitoring
   • Telemedicine
   • Warehouse Management
   • Fleet Management
   • Industrial Automation
   • Others

Segmentation by End User
   • Transportation & Logistics
   • Healthcare
   • Energy & Utilities
   • Manufacturing
   • Others

Segmentation by Region:
   • Asia Pacific
      o China
      o Japan
      o India
      o Rest of APAC
   • North America
      o United States of America
      o Canada
   • Europe
      o United Kingdom
      o Germany
      o France
      o Spain
      o Rest of Europe
   • RoW
      o Brazil
      o South Africa
      o Saudi Arabia
      o UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Contact Information:

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com