Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance), and Geography - Global Forecast to 2023

  • ID: 4332792
  • Report
  • Region: Global
  • 167 Pages
  • Markets and Markets
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The Market is Expected to Be Worth USD 27.62 Billion by 2023, Growing at a CAGR of 4.6% from 2017 to 2023

FEATURED COMPANIES

  • Afero Inc. (US)
  • China Mobile Ltd. (China)
  • Commsolid GmbH (Germany)
  • Intel Corporation (US)
  • Meshify Inc. (US)
  • Sprint Corporation (US)
  • MORE

“Machine-to-machine (M2M) connections market to grow at a CAGR of 4.6%”

According to the new market research report on machine-to-machine connections, this market is expected to be worth USD 27.62 billion by 2023, growing at a CAGR of 4.6% from 2017 to 2023. The growth of the M2M connections market can be attributed to the growing penetration of the Internet, favorable regulatory mandates, increasing M2M connections among various industry verticals, and growing adoption of 4G/LTE cellular technologies. However, the lack of standardization in connectivity protocols is hindering the growth of the M2M connections market.

“Wireless technologies is expected to grow at the highest CAGR from 2017 to 2023”

The market for wireless technologies is expected to witness the highest CAGR from 2017 to 2023. This is mainly because wireless connectivity offers various advantages over wired connectivity such as increased mobility and collaboration, improved responsiveness, better access to information, easier network expansion, and enhanced guest access.

“M2M connections for the automotive and transportation sector held the largest market share in 2016”

The automotive and transportation sector held the largest share of the M2M connections market compared to other end-user industries in 2016. The increase in the demand for embedded telematics in cars and Wi-Fi-based GPS trackers for remote fleet monitoring, coupled with Bluetooth in-car connectivity for vehicle infotainment, is expected to drive the growth of the wireless M2M connections market for the automotive and transportation end-user industry.

“M2M connections market in Asia Pacific expected to grow at the highest rate”

This report covers the M2M connections market in the Americas, Europe, Asia Pacific, and Rest of the World (RoW). Considering the large population in some of the emerging economies such as China, India, and Malaysia in the APAC region, along with an increased spending from government agencies for the development of IT and M2M infrastructure, the M2M market is expected to have more opportunities for growth in this region.

Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
  • By Designation: Directors - 50%, Managers - 20%, Vice Presidents - 25%, and Others - 5%
  • By Region: North America - 40%, Europe - 35%, APAC - 15%, and RoW - 10%

The companies that are profiled in the report are: AT&T, Inc. (US), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (US), Intel Corporation (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), Murata Manufacturing Co., Ltd. (Japan), U-blox Holding AG (Switzerland), Fanstel Corporation (US), and Commsolid GmbH (Germany).

Research Coverage

The report describes various technologies associated with M2M connections and related developments in terms of hardware, i.e., chipsets and modules across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as technology, end-user industry, and geography.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, vendor DIVE, recent developments, and key market strategies.

Reasons to Buy the Report:

  • This report includes the market statistics pertaining to technology, end-user industry, and geography along with their respective revenue.
  • The major drivers, restraints, challenges, and opportunities for the M2M connections market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast for M2M connections markets based on technology, end-user industry, and geography have been provided to give an overall view of the M2M connections market.
  • A detailed competitive landscape has been provided including key players, in-depth analysis, and revenue of key players, along with vendor DIVE matrix.
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FEATURED COMPANIES

  • Afero Inc. (US)
  • China Mobile Ltd. (China)
  • Commsolid GmbH (Germany)
  • Intel Corporation (US)
  • Meshify Inc. (US)
  • Sprint Corporation (US)
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Breakdown of Primaries
2.1.3.3 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the M2M Connections Market
4.2 M2M Connections Market, By End-User Industry and Country
4.3 Short Range M2M Connections Market, By Wireless Technology
4.4 M2M Connections Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Penetration of the Internet
5.2.1.2 Favorable Regulatory Mandates
5.2.1.3 Increasing M2M Connections Among Various Industry Verticals
5.2.1.4 Growing Adoption of 4G/LTE Cellular Technologies and Rising Demand for Extended Network Coverage
5.2.2 Restraints
5.2.2.1 Lack of Standardization in Connectivity Protocols
5.2.2.2 Inability to Leverage the Benefits of Mobility
5.2.3 Opportunities
5.2.3.1 Strategic Partnerships With System Integrators
5.2.3.2 Growing Demand From New Markets Such as Smart Cities and Connected Cars
5.2.4 Challenges
5.2.4.1 Privacy and Security

6 M2M Connections Market, By Technology
6.1 Introduction
6.2 Wired Technologies
6.2.1 Ethernet
6.2.2 Industrial
6.2.2.1 Industrial Ethernet
6.2.2.2 Modbus
6.2.2.3 Profinet
6.2.2.4 Foundation Fieldbus
6.3 Wireless Technologies
6.3.1 Short Range
6.3.1.1 Wi-Fi
6.3.1.2 Zigbee
6.3.1.3 Bluetooth
6.3.2 Cellular Network
6.3.2.1 Second Generation (2G)
6.3.2.2 Third Generation (3G)
6.3.2.3 Fourth Generation (4G)/Long-Term Evolution (LTE)

7 M2M Connections Market, By End-User Industry
7.1 Introduction
7.2 Healthcare
7.2.1 Patient Monitoring Systems
7.2.1.1 Blood Pressure Monitor
7.2.1.2 Blood Glucose Meter
7.2.1.3 Multi-Parameter Monitor
7.2.2 Fall Detector
7.2.3 Smart Pill Dispenser
7.2.4 Telemedicine
7.3 Utilities
7.3.1 Smart Grids
7.3.2 Smart Meters
7.4 Automotive & Transportation
7.4.1 Telematics
7.4.2 Fleet Tracking/Monitoring
7.5 Retail
7.5.1.1 Intelligent Vending Machines
7.5.1.2 Contactless Checkout/Pos
7.5.1.3 Digital Signage
7.6 Consumer Electronics
7.6.1 Smart TV
7.6.2 Smart Appliances
7.6.2.1 Smart Refrigerator
7.6.2.2 Smart Washing Machine
7.6.2.3 Others
7.6.2.3.1 Smart Oven
7.6.2.3.2 Smart CooKTop
7.7 Security & Surveillance
7.7.1 Commercial & Residential Security
7.7.2 Remote Surveillance
7.8 Others
7.8.1 Oil & Gas
7.8.2 Agriculture

8 Geographic Analysis
8.1 Introduction
8.2 Americas
8.3 Europe
8.4 Asia Pacific
8.5 Rest of the World

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking Analysis, 2016: M2M Connections Market
9.3 Vendor Dive Overview of M2M Connections Market
9.3.1 Visionary Leaders
9.3.2 Dynamic Differentiators
9.3.3 Innovators
9.3.4 Emerging Companies
9.4 Business Strategies Adopted By Players in the M2M Connections Market (25 Companies)
9.5 Analysis of the Product Portfolio of the Players in the M2M Connections Market (25 Companies)

10 Company Profiles
10.1 Introduction
10.2 AT&T Inc.
10.3 Cisco Systems Inc.
10.4 Huawei Technologies Co., Ltd.
10.5 NXP Semiconductors N.V.
10.6 Texas Instruments Incorporated
10.7 Intel Corporation
10.8 Gemalto N.V.
10.9 Vodafone Group PLC
10.10 Murata Manufacturing Co., Ltd.
10.11 U-Blox Holding AG
10.12 Fanstel Corporation
10.13 Commsolid GmbH
10.14 Key Innovators
10.14.1 Afero, Inc.
10.14.2 Revogi Innovation Co., Ltd.
10.14.3 Virscient Limited

List of Tables
Table 1 List of Major Secondary Sources
Table 2 M2M Connections Market, By Technology, 2015-2023 (USD Million)
Table 3 M2M Connections Market, By Technology, 2015-2023 (Million Connections)
Table 4 M2M Connections Market for Wired Technology, By End-User Industry, 2015-2023 (USD Million)
Table 5 M2M Connections Market for Wired Technology, By End-User Industry, 2015-2023 (Million Connections)
Table 6 M2M Connections Market for Wired Technology, By Region, 2015-2023 (USD Million)
Table 7 M2M Connections Market for Wired Technology, By Region, 2015-2023 (Million Connections)
Table 8 M2M Connections Market for Wireless Technology, By Type, 2015-2023 (USD Million)
Table 9 M2M Connections Market for Wireless Technology, By Type, 2015-2023 (Million Connections)
Table 10 M2M Connections Market for Wireless Technology, By End-User Industry, 2015-2023 (USD Million)
Table 11 M2M Connections Market for Wireless Technology, By End-User Industry, 2015-2023 (Million Connections)
Table 12 M2M Connections Market for Wireless Technology, By Region, 2015-2023 (USD Million)
Table 13 M2M Connections Market for Wireless Technology, By Region, 2015-2023 (Million Connections)
Table 14 Short-Range M2M Connections Market, By Type, 2015-2023 (USD Million)
Table 15 Short Range M2M Connections Market, By Type, 2015-2023 (Million Connections)
Table 16 Short Range M2M Connections Market, By End-User Industry, 2015-2023 (USD Million)
Table 17 Short Range M2M Connections Market, By End-User Industry, 2015-2023 (Million Connections)
Table 18 Cellular M2M Connections Market, By Type, 2015-2023 (USD Million)
Table 19 Cellular M2M Connections Market, By Type, 2015-2023 (Million Connections)
Table 20 Cellular M2M Connections Market, By End-User Industry, 2015-2023 (USD Million)
Table 21 Cellular M2M Connections Market, By End-User Industry, 2015-2023 (Million Connections)
Table 22 M2M Connections Market, By End-User Industry, 2015-2023 (USD Million)
Table 23 M2M Connections Market, By End-User Industry, 2015-2023 (Million Connections)
Table 24 Wired M2M Connections Market for Healthcare, By Region, 2015-2023 (USD Million)
Table 25 Wired M2M Connections Market for Healthcare, By Region, 2015-2023 (Million Connections)
Table 26 Wireless M2M Connections Market for Healthcare, By Region, 2015-2023 (USD Million)
Table 27 Wireless M2M Connections Market for Healthcare, By Region, 2015-2023 (Million Connections)
Table 28 Wired M2M Connections Market for Utilities, By Region, 2015-2023 (USD Million)
Table 29 Wired M2M Connections Market for Utilities, By Region, 2015-2023 (Million Connections)
Table 30 Wireless M2M Connections Market for Utilities, By Region, 2015-2023 (USD Million)
Table 31 Wireless M2M Connections Market for Utilities, By Region, 2015-2023 (Million Connections)
Table 32 Wired M2M Connections for Automotive & Transportation, By Region, 2015-2023 (USD Million)
Table 33 Wired M2M Connections Market for Automotive & Transportation, By Region, 2015-2023 (Million Connections)
Table 34 Wireless M2M Connections Market for Automotive & Transportation, By Region, 2015-2023 (USD Million)
Table 35 Wireless M2M Connections Market for Automotive & Transportation, By Region, 2015-2023 (Million Connections)
Table 36 Wired M2M Connections Market for Retail, By Region, 2015-2023 (USD Million)
Table 37 Wired M2M Connections Market for Retail, By Region, 2015-2023 (Million Connections)
Table 38 Wireless M2M Connections Market for Retail, By Region, 2015-2023 (USD Million)
Table 39 Wireless M2M Connections Market for Retail, By Region, 2015-2023 (Million Connections)
Table 40 Wired M2M Connections Market for Consumer Electronics, By Region, 2015-2023 (USD Million)
Table 41 Wired M2M Connections Market for Consumer Electronics, By Region, 2015-2023 (Million Connections)
Table 42 Wireless M2M Connections Market for Consumer Electronics, By Region, 2015-2023 (USD Million)
Table 43 Wireless M2M Connections Market for Consumer Electronics, By Region, 2015-2023 (Million Connections)
Table 44 Wired M2M Connections Market for Security & Surveillance, By Region, 2015-2023 (USD Million)
Table 45 Wired M2M Connections Market for Security & Surveillance, By Region, 2015-2023 (Million Connections)
Table 46 Wireless M2M Connections Market for Security & Surveillance, By Region, 2015-2023 (USD Million)
Table 47 Wireless M2M Connections Market for Security & Surveillance, By Region, 2015-2023 (Million Connections)
Table 48 Wired M2M Connections Market for Others, By Region, 2015-2023 (USD Million)
Table 49 Wired M2M Connections Market for Others, By Region, 2015-2023 (Million Connections)
Table 50 Wireless M2M Connections Market for Others, By Region, 2015-2023 (USD Million)
Table 51 Wireless M2M Connections Market for Others, By Region, 2015-2023 (Million Connections)
Table 52 M2M Connections Market, By Region, 2015-2023 (USD Million)
Table 53 M2M Connections Market, By Region, 2015-2023 (Million Connections)
Table 54 M2M Connections Market in Americas, By Region, 2015-2023 (USD Million)
Table 55 M2M Connections Market in Americas, By Region, 2015-2023 (Million Connections)
Table 56 M2M Connections Market in North America, By Country, 2015-2023 (USD Million)
Table 57 M2M Connections Market in North America, By Country, 2015-2023 (Million Connections)
Table 58 M2M Connections Market in Europe, By Country, 2015-2023 (USD Million)
Table 59 M2M Connections Market in Europe, By Country, 2015-2023 (Million Connections)
Table 60 M2M Connections Market in Apac, By Country, 2015-2023 (USD Million)
Table 61 M2M Connections Market in Apac, By Country, 2015-2023 (Million Connections)
Table 62 M2M Connections Market in RoW, By Region, 2015-2023 (USD Million)
Table 63 M2M Connections Market in RoW, By Region, 2015-2023 (Million Connections)
Table 64 Ranking of Major Players in the M2M Connections Market, 2016

List of Figures
Figure 1 M2M Connections Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions for the Research Study
Figure 6 M2M Connections Market Size, in Terms of Value and Volume, 2017-2023
Figure 7 M2M Connections Market, By Technology, 2017-2023 (Billion Connections)
Figure 8 Snapshot: M2M Connections Market Share (In Terms of Volume), By End-User Industry (2017 & 2023)
Figure 9 M2M Connections Market, in Terms of Volume, By Geography, 2016
Figure 10 The Global M2M Connections Market Presents Lucrative Opportunities
Figure 11 Automotive & Transportation End-User Industry Held the Largest Share of the M2M Connections Market, in Terms of Volume, in 2016
Figure 12 Bluetooth Technology Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 13 APAC to Register the Highest Growth Rate in the M2M Connections Market, in Terms of Volume, During the Forecast Period
Figure 14 Growing Penetration of the Internet and Favourable Federal Mandates Act as Major Driving Factors for the M2M Connections Market
Figure 15 Number of Internet Users, By Region, March 2017
Figure 16 Internet Penetration Rate, By Region, March 2017
Figure 17 Prominent Smart City Projects Across the Globe
Figure 18 M2M Connections Market, By Technology
Figure 19 M2M Connections Market Size, By Technology, 2017-2023 (Million Connections)
Figure 20 M2M Connections Market for Wireless Technology, 2017-2023 (USD Million)
Figure 21 Short Range M2M Connections Market Size, By Connectivity Technology, 2015-2023 (Million Connections)
Figure 22 M2M Connections Market, By End-User Industry
Figure 23 M2M Connections Market, By End-User Industry, 2017-2023 (Million Connections)
Figure 24 M2M Connections Market for Utilities, By Technology, 2017-2023 (Million Connections)
Figure 25 M2M Connections Market for Retail, By Technology, 2017-2023 (Million Connections)
Figure 26 M2M Connections Market for Consumer Electronics, By Technology, 2015-2023 (Million Connections)
Figure 27 Increased Government Spending and Favourable Regulatory Mandates in Technologically Advancing Countries are Paving the Way for M2M Connections Market in Asia Pacific
Figure 28 M2M Connections Market, By Geography
Figure 29 Market Snapshot: Americas
Figure 30 Market Snapshot: Europe
Figure 31 Market Snapshot: Asia Pacific
Figure 32 Market Snapshot: Rest of the World
Figure 33 Companies Adopted Product Launches and Collaboration as the Key Growth Strategies Between 2014 and 2017
Figure 34 Dive Chart
Figure 35 AT&T Inc.: Company Snapshot
Figure 36 Cisco Systems Inc.: Company Snapshot
Figure 37 Huawei Technologies Co., Ltd.: Company Snapshot
Figure 38 NXP Semiconductors N.V.: Company Snapshot
Figure 39 Texas Instruments Incorporated: Company Snapshot
Figure 40 Intel Corporation: Company Snapshot
Figure 41 Gemalto B.V.: Company Snapshot
Figure 42 Vodafone Group PLC: Company Snapshot
Figure 43 Murata Manufacturing Co., Ltd.: Business Overview
Figure 44 U-Blox Holding AG: Business Overview

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FEATURED COMPANIES

  • Afero Inc. (US)
  • China Mobile Ltd. (China)
  • Commsolid GmbH (Germany)
  • Intel Corporation (US)
  • Meshify Inc. (US)
  • Sprint Corporation (US)
  • MORE

The machine-to-machine (M2M) connections market is expected grow from USD 19.31 Billion in 2016 to USD 27.62 Billion in 2023, at a CAGR of 4.6% from 2017 to 2023. The number of M2M connections was 1.47 Billion connections in 2016 and is estimated to reach 3.00 Billion by 2023. The major drivers for the growth are the growing penetration of the Internet in emerging economies and favorable regulatory mandates. Moreover, the increasing M2M connections in various industries and the growing adoption of new connectivity technologies such as 4G/LTE and Bluetooth Smart/BLE further accelerate its market growth.

In the connectivity technology segment, wireless technology holds the largest share of the M2M connections market in terms of the number of connections. Moreover, market for wireless technology is expected to grow at the highest rate in the M2M connections market from 2017 to 2023. The growing adoption of short-range wireless connectivity technologies such as Wi-Fi, Bluetooth, and ZigBee for multiple applications such as in-car infotainment systems, patient monitoring devices, wireless beacons, and smart appliances is driving the growth of the market for the wireless technology segment. Moreover, the substantial penetration of cellular services globally and increasing adoption of 4G/LTE cellular technology is further driving the growth of the wireless connectivity technology in the M2M connections market.

Among the various end-user industries covered in this report, automotive and transportation held the largest market share, followed by the utilities vertical. The growing number of connected cars and the development of vehicle-to-vehicle and vehicle-to-infrastructure framework is driving the growth of this sector. The development of smart city projects and favorable regularity mandates for the adoption of smart grids and smart meters is expected to lead to the high CAGR of the market for utilities.

Of all the regions, Asia Pacific (APAC) held the largest market share in terms of revenue and is expected to grow at the highest CAGR from 2017 to 2023. The APAC region is a leading industrial hub as well as an emerging and important market for several other sectors as well. The growing penetration of the Internet across the commercial and residential spaces, large consumer base, increasing disposable income, and improving IT infrastructure are some of the key factors driving the growth of M2M connections market in APAC.

One of the key restraining factors for this market is the lack of standardization in connectivity protocols, which restrains the growth of the M2M connections market. AT&T Inc. (US), Huawei Technologies Co., Ltd. (China), Intel Corporation (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), China Mobile Ltd. (China), and NXP Semiconductors N.V. (Netherlands) are some of the leading players in the M2M connections market as of 2016.

These companies are focusing on market expansion through collaborations and partnerships and focus on inorganic strategies for development. AT&T Inc. (US), Huawei Technologies Co. Ltd. (China), and Vodafone Group PLC (UK) are the key players who are expanding their market through partnerships and collaborations. Companies such as U-Blox Holding AG (Switzerland), Gemalto N.V. (Netherlands), and Intel Corporation (US) are focusing on market development through product launches and product developments. For instance, in May 2017, U-Blox Holding AG (Switzerland) launched the quad-band LTE Cat M1 module U-blox SARA-R410M for M2M and IoT applications. This chip has a small form factor of 16 x 26 mm, consumes less power, and provides extended connectivity range, which makes it suitable for applications such as smart metering, and industrial control and monitoring in smart cities.

The companies that are profiled in the report are: AT&T, Inc. (US), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (US), Intel Corporation (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), Murata Manufacturing Co., Ltd. (Japan), U-blox Holding AG (Switzerland), Fanstel Corporation (US), and Commsolid GmbH (Germany).

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  • Afero Inc. (US)
  • AT&T Inc. (US)
  • China Mobile Ltd. (China)
  • Cisco Systems Inc. (US)
  • Commsolid GmbH (Germany)
  • Deutsche Telekom AG (Germany)
  • ElefonaKTiebolaget Lm Ericsson (Sweden)
  • Fanstel Corporation (US)
  • Gemalto N.V. (Netherlands)
  • Huawei Technologies Co. Ltd. (China)
  • Idefigo Group Limited (New Zealand)
  • Intel Corporation (US)
  • Kore Wireless Group (US)
  • Meshify Inc. (US)
  • Murata Manufacturing Co. Ltd. (Japan)
  • NXP Semiconductors N.V. (Netherlands)
  • Orange S.A. (France)
  • Sierra Wireless Inc. (Canada)
  • Sprint Corporation (US)
  • Telefonica S.A (Spain)
  • Telit Communications (UK)
  • Texas Instruments Incorporated (US)
  • U-Blox Holding AG (Switzerland)
  • Verizon Communication Inc. (US)
  • Vodafone Group PLC  (UK)
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