The global machine-to-machine (M2M) connections market size reached US$ 20.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2022-2028. The growing development of infrastructure in healthcare facilities, increasing demand for automation and effective predictive maintenance systems, and rising adoption of advanced medical devices for remote patient monitoring represent some of the key factors driving the market.
Machine-to-machine (M2M) connections refer to automated systems which involve machines or devices communicating with each other via a network without the manual assistance of humans. They comprise sensors, radio frequency identification (RFID), wireless fidelity (Wi-Fi) or cellular communications link, and autonomic computing software that is programmed to assist a network device in interpreting data and making decisions on its own. They translate data, which is capable of triggering preprogrammed and automated actions. They function by tapping into sensor data and transmitting it to a network and operating over data endpoint (DEP), communication networks, and data integration points (DIP). They help reduce costs by minimizing equipment maintenance and downtime. M2M connections also boost revenue by revealing new business opportunities for servicing products in the field. They improve customer service by proactively monitoring and servicing equipment before it malfunctions or when it is urgently needed. They are utilized in remote monitoring and integrated into warehouse management systems (WMS) and supply chain management (SCM). Furthermore, as M2M connections can send and receive small amounts of data continuously, their demand is increasing around the world.
2. What is the expected growth rate of the global machine-to-machine (M2M) connections market during 2023-2028?
3. What has been the impact of COVID-19 on the global machine-to-machine (M2M) connections market?
4. What are the key factors driving the global machine-to-machine (M2M) connections market?
5. What is the breakup of the global machine-to-machine (M2M) connections market based on the connection type?
6. What is the breakup of the global machine-to-machine (M2M) connections market based on the technology?
7. What is the breakup of the global machine-to-machine (M2M) connections market based on the end use industry?
8. What are the key regions in the global machine-to-machine (M2M) connections market?
9. Who are the key players/companies in the global machine-to-machine (M2M) connections market?
Machine-to-machine (M2M) connections refer to automated systems which involve machines or devices communicating with each other via a network without the manual assistance of humans. They comprise sensors, radio frequency identification (RFID), wireless fidelity (Wi-Fi) or cellular communications link, and autonomic computing software that is programmed to assist a network device in interpreting data and making decisions on its own. They translate data, which is capable of triggering preprogrammed and automated actions. They function by tapping into sensor data and transmitting it to a network and operating over data endpoint (DEP), communication networks, and data integration points (DIP). They help reduce costs by minimizing equipment maintenance and downtime. M2M connections also boost revenue by revealing new business opportunities for servicing products in the field. They improve customer service by proactively monitoring and servicing equipment before it malfunctions or when it is urgently needed. They are utilized in remote monitoring and integrated into warehouse management systems (WMS) and supply chain management (SCM). Furthermore, as M2M connections can send and receive small amounts of data continuously, their demand is increasing around the world.
Machine-to-Machine (M2M) Connections Market Trends:
At present, the rising demand for M2M connections, as they enable electronic appliances and other technologies to have real-time control of operations, represents one of the primary factors influencing the market positively. Besides this, there is a rise in the development of infrastructure and improvement of treatment and diagnosis methods to provide quality healthcare services to patients around the world. This, coupled with the growing adoption of advanced medical devices for remote patient monitoring purposes, is offering a favorable market outlook. In addition, the rising demand for automation and effective predictive maintenance systems in various industries to improve operational efficiency and collect real-time data is contributing to the growth of the market. Apart from this, the increasing utilization of various smart home appliances to complete household chores easily and have more control over the home environment, along with the rising installation of smart security systems to maximize home security, is propelling the growth of the market. Additionally, the growing usage of digital wallets and online payment platforms to make cashless transactions is catalyzing the demand for M2M connections.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global machine-to-machine (M2M) connections market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on connection type, technology and end use industry.Connection Type Insights:
- Wired
- Wireless
Technology Insights:
- Serial Connection
- Power Line Connection
- Cellular
- Wi-Fi
- Bluetooth
- Others
End Use Industry Insights:
- Automotive
- Healthcare
- Consumer Electronics
- Transportation
- Utilities
- Retail
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global machine-to-machine (M2M) connections market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include AT&T Inc., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Telefonica S.A., Texas Instruments Incorporated, U-Blox Holding AG, Verizon Communication Inc., Vodafone Group Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global machine-to-machine (M2M) connections market in 2022?2. What is the expected growth rate of the global machine-to-machine (M2M) connections market during 2023-2028?
3. What has been the impact of COVID-19 on the global machine-to-machine (M2M) connections market?
4. What are the key factors driving the global machine-to-machine (M2M) connections market?
5. What is the breakup of the global machine-to-machine (M2M) connections market based on the connection type?
6. What is the breakup of the global machine-to-machine (M2M) connections market based on the technology?
7. What is the breakup of the global machine-to-machine (M2M) connections market based on the end use industry?
8. What are the key regions in the global machine-to-machine (M2M) connections market?
9. Who are the key players/companies in the global machine-to-machine (M2M) connections market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Machine-to-Machine (M2M) Connections Market
6 Market Breakup by Connection Type
7 Market Breakup by Technology
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AT&T Inc.
- Cisco Systems Inc.
- Deutsche Telekom AG
- Huawei Technologies Co. Ltd.
- Intel Corporation
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors N.V.
- Telefonica S.A.
- Texas Instruments Incorporated
- U-Blox Holding AG
- Verizon Communication Inc. and Vodafone Group Plc
Methodology
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