Cellular M2M Market Research Report
The GMI Research's latest analysis reveals that the Cellular
M2M Market is slated to register a significant CAGR over the forecast period.
This is mainly attributed to the increasing number of connected devices and the
rising adoption of the next-generation advanced connectivity technologies, such
as 5G and 4G.
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Cellular M2M Market’s leading
Manufacturers:
·
AT&T Inc.
·
Verizon Communications Inc.
·
T-Mobile
·
Vodafone Group plc
·
Telefonica S.A.
·
Deutsche Telekom
·
Telefonaktiebolaget LM Ericsson
·
KORE Wireless Group
·
Aeris Communications
·
Telit
Cellular M2M Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
Various advancement in wireless technologies and the
internet has helped in transforming the way customers, enterprises interact
with business processes, and communication service providers. The increase in
the M2M connections has changed the way organizations conduct businesses across
several sectors. This has helped in enhancing the quality of products and
services and improving the decision-making ability of the enterprises.
Additionally, the increasing number of connected devices throughout the years
is further stimulating the growth of the cellular
M2M market size. The companies are drastically shifting towards the
adoption of the next-generation advanced connectivity technologies, such as 5G
and 4G, for allowing innovation and gaining competitive benefit by connecting
billions of devices, machines, and individuals in a hyper-connected area. M2M
is an important component in the evolution of the IoT revolution and is a
crucial part of big data analytics, cloud computing, and components like
sensors & actuators. On the other hand, the factor hindering the growth of
the cellular M2M market share in terms of revenue include increasing security
and privacy issues.
Application
Segment Drivers
Based on the application, asset tracking & monitoring is
predicted to dominate the market in the coming years. Asset tracking is
deployed for fixing issues, such as poor operational performance, loss, and
theft of important assets, and inefficient processes. M2M asset tracking helps
businesses to effectively track their assets for improved employee safety,
optimizing their supply chains, and process automation. The application aids
maintain the assets' health and are an essential means of troubleshooting in
any emergency.
Regional
Drivers
Based on the region, North America is projected to rise at a
higher CAGR during the forecast period. The region is one of the biggest
contributors to the cellular M2M sector as there is a high deployment of
advanced technologies, such as cloud integration and mobile technologies within
cellular M2M solutions, optimum business resource usage, and streamline the
business processes. The countries in this region are increasingly deployed
cellular M2M mobile applications for the transfer of digital documents across
employees or different geographical locations. Numerous top players, such as
Verizon, T-Mobile, and AT&T, are based in this region. These companies
provide advanced cellular M2M solutions & services at the global level.
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:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
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
o
Rest of the world (remaining countries of the
LAMEA region)
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