Cellular M2M Market Forecast, Business Strategy, Research Analysis on Competitive landscape and Key Vendors 2030
Market overview
The cellular M2M
market size is projected to grow at a USD 27.0 billion with a Compound
Annual Growth Rate (CAGR) of 20.43% during the forecast period [2020-2027].
Key Players
The
key players in the global cellular M2M market are identified based on their
country of origin, presence across different regions, recent key developments,
product diversification, and industry expertise. These include AT&T ( US )
, Verizon ( US ) , T-Mobile ( US ) , Deutsche Telekom ( Germany ) ,
Orange S.A. ( France ) , Telefonica ( Spain ) , Vodafone ( UK ) , Ericsson (
Sweden ) , Kore Wireless ( US ) , Aeris ( US ) , Arm holdings ( UK ) , China
Mobile ( China ) , Infineon ( Germany ) , Thales Group ( France ) , Orbocomm (
US ) , Telit ( UK ) , Giesecke+Devrient ( Germany ) , Cubic Telecom ( Ireland )
, KPN ( Netherlands ) , A1 Digital ( Austria ) , SK Telecom ( South Korea ) ,
Rogers Communications ( Canada ) , Telenor Connexion ( Sweden ) , Truphone ( UK
) , and 1oT ( Estonia )
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Market Highlights
The
global cellular M2M market has been segmented based on services , application ,
end user , organization size , and region.
Based
on services , the cellular M2M market has been segmented into
Connectivity services , Professional services, Managed services
Based
on application , the cellular M2M market has been segmented into Asset
tracking and monitoring, Predictive maintenance, Telemedicine, Fleet management
, Warehouse management , Industrial automation , Smart meter , Others.
Furthermore , the other segment is sub segmented into connected cars ,
point of sale ( POS ) , and digital signage
Based
on end user , the cellular M2M market has been segmented into Healthcare,
Energy and utilities, Transportation and logistics , Manufacturing , Others.
Furthermore , the other segment is sub dived into Automotive and
Retail
Based
on Organization Size , the cellular M2M market has been segmented into
Large Enterprises , Small and Medium Enterprises ( SMEs ))
Based
on region , the cellular M2M market has been segmented into North America ,
Asia-Pacific , Europe , the Middle East & Africa , and South America
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Regional Analysis:
The
global Cellular M2M market is expected to expand at an 72.00% CAGR during the
forecast period, to reach 16,092.5 million by 2026. The geographic analysis of
the Cellular M2M market has been conducted in North America, Europe,
Asia-Pacific, the Middle East & Africa, and South America.
North
America is expected to be the dominating region due to the faster adoption of
innovative technologies in developed countries such as the US and Canada. The US
accounted for the largest market share, followed by Canada and Mexico. This
growth can be attributed to increasing acceptance of the cellular M2M in the
business operations across various industries. The main factor driving the
Cellular M2M market in this region is the strong presence of key industry
players offering Cellular M2M solutions.
The
European market has been segmented into the UK, Germany, France, and the rest
of Europe. In terms of market size, Europe is expected to be the second-largest
regional market. The UK is projected to be the leading country-level market,
while Germany is expected to register the highest growth over the review
period. Growing need for data reliability and efficiency, embedded
telecommunications in the region are boosting the market growth.
The
market in Asia-Pacific is projected to register the fastest growth rate over
the forecast period, with the regional market being segmented into China,
Japan, India, and the rest of Asia-Pacific. This share is attributable to
increasing adoption of M2M value-added services to ensure vehicle safety and
security of vehicles and drivers in small scale enterprises.
The
Middle East & African and South American markets have started adopting
these new connectivity technologies recently. The service providers and
enterprises from manufacturing, government, and defense sectors in this region
have started adopting this technology.
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