The Business Research Company’s Cellular M2M Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Cellular M2M Global Market Report 2023 evaluates cellular M2M market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global landscape of cellular Machine-to-Machine (M2M) communications has been marked by substantial growth, surging from a valuation of $11.79 billion in 2022 to an impressive $15.29 billion in 2023. This remarkable expansion is underscored by a commendable Compound Annual Growth Rate (CAGR) of 29.7%, reflecting a dynamic and robust market. Nevertheless, the outbreak of the Russia-Ukraine war has cast a pall of uncertainty over the potential for a swift global economic recovery post the COVID-19 pandemic, at least within the immediate context.
The ramifications of this geopolitical conflict have reverberated throughout the global arena, precipitating economic sanctions on multiple nations, instigating a marked surge in commodity prices, and sowing disruptions within the complex web of supply chains. Consequently, these multifaceted developments have engendered inflationary pressures that permeate diverse sectors, thereby exerting influence on myriad markets worldwide.
Despite these challenges, the global cellular M2M market appears poised for continued expansion, with growth projections charting a course toward an estimated valuation of $36.47 billion by the year 2027, propelled by a robust CAGR of 24.3%. These forecasts are underpinned by a multitude of factors, not the least of which is the prevailing outbreak of the COVID-19 pandemic, which has wrought profound transformations in the ways we communicate and conduct business.
The global response to COVID-19, characterized by stringent lockdowns and government measures to mitigate the spread of the virus, has instigated a surging demand for cellular M2M communications. This technology, which underpins the interconnectivity of devices and facilitates data exchange, has become instrumental in managing remote operations and optimizing business processes. With the ongoing uncertainties surrounding the pandemic’s duration and trajectory, the adoption of cellular M2M technology is anticipated to remain instrumental in the business landscape, fostering efficiency, reliability, and responsiveness. This transformation underscores the enduring significance of M2M technology and positions it as a pivotal player in shaping the future landscape of global communications and connectivity.
The cellular M2M market segments in the report are:
1) By Services: Connectivity Services, Professional Services, Managed Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Tracking And Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Other Applications
4) By End-User: Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
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The table of contents in TBRC’s cellular M2M market report includes:
1. Executive Summary
2. Cellular M2M Market Characteristics
3. Cellular M2M Market Trends And Strategies
4. Cellular M2M Market – Macro Economic Scenario
5. Cellular M2M Market Size And Growth
…
27. Cellular M2M Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cellular M2M Market
29. Cellular M2M Market Future Outlook and Potential Analysis
30. Appendix
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