The cellular m2m global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cellular M2M Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cellular m2m market size has grown exponentially in recent years. It will grow from $14.39 billion in 2023 to $17.87 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to growth in connectivity demand, increased demand for industrial automation, growth in fleet management, increased demand for energy management, and increased number of smart cities.
The cellular m2m market size is expected to see exponential growth in the next few years. It will grow to $42.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%. The growth in the forecast period can be attributed to growing healthcare applications, increasing healthcare infrastructure, increasing government investments in research and development, increasing need for smart agriculture, and increasing adoption of 5g technology. Major trends in the forecast period include iot expansion, increasing focus on edge computing, industrial automation, strategic partnerships, and innovative product launches.
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Scope Of Cellular M2M Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cellular M2M Market Overview
Market Drivers –
The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G, is expected to fuel the growth of the cellular M2M market in the forecast period. Wireless networking is becoming more common across industries as it is used to communicate with consumers and make operations more flexible. M2M communications can be carried out over wide area networks (WANs), which are enabled by cellular networks. 5G speed and reliability are expected to have a massive impact on M2M. For instance, in April 2023, according to 5G Americas, a US-based trade organisation that represents major telecommunications companies and services, between the end of 2021 and the end of 2022, global 5G technology wireless network connections increased by 76 percent, hitting 1.05 billion. Therefore, the adoption of high-speed internet and connectivity technologies, such as 4G and 5G, is expected to drive the cellular M2M market growth.
The cellular m2m market covered in this report is segmented –
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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Regional Insights –
North America was the largest region in the cellular M2M market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cellular m2m market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the cellular m2m market include Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile Limited., Telefonica S.A., Aeris Communications India Pvt. Ltd., China Telecom Corporation Limited., 10T Holdings LLC, Arm Holdings plc., Infineon Technologies AG, Kore Wireless, Orange S.A., SK Telecom Co. Ltd., Vodafone Group PLC., Sierra Wireless, Telit Communications, Sigfox SA, Qualcomm Inc., ORBCOMM Inc., Sprint Corporation, Astrocast SA, Nokia Corporation, Huawei Technologies Co. Ltd., Belmont Telecom Inc., Cisco Systems Inc., Digi International Inc., Novatel Wireless Inc., Numerex Corp., Multi-Tech Systems, CalAmp Corp., Cubic Telecom, Telenor Connexion AB, Thales Group
Table of Contents
1. Executive Summary
2. Cellular M2M Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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