Machine-to-Machine Connections market is growing rapidly over 9.9 % of CAGR and is expected to reach at USD ~$27.05 Billion by the end of forecast period 2018-2023. Global Machine-to-Machine (M2M) Connections Market, By Technology (Wired Technologies, Wireless Technologies) by Product (Mobile point of sale devices, IoT &M2M Modems, Routers, Wireless beacons), by End Users (Automotive & Transportation, Consumer Electronics, Security & Surveillance, Utilities, Healthcare, Retail) by Forecast 2023
Machine-to-Machine Connections Market Key Players:
The prominent players in the Machine-to-Machine (M2M) Connections market are : AT&T Inc. (U.S), Deutsche Telekom A G (Germany), NTT Data (Japan), Telenor Group (Norway), Intel Corporation (US), Texas Instruments Incorporated (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), Telit Communications (UK), U-blox Holding AG (Switzerland),and Verizon Communications, Inc. (U.S) among others.
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The study reveals that is trending in North America region. The Global M2M connections has been dominated by two sectors consisting of consumer electronics including cameras, music players and TVs and intelligent buildings such as security and HVAC systems. The major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players.
The study indicates that the M2M module unit shipments are dominated by 4G today, but soon 5G will rule the revenue opportunity with the shift toward broadband technologies, and it will emerge as the fastest-growing technology segment in terms of percentage of units. The deployment of 4G LTE technologies in the automotive sector is among the major reasons for the increased adoption of M2M systems. While, the consumer electronics segment is the second largest and most important vertical sector, driven by connected car deployments.
Machine-to-Machine Connections Market Segmentation
The Machine-to-Machine (M2M) Connections Market has been segmented on the basis technology, product, end users and region. Looking through the end-user segment, the healthcare providers and other participants in this market are making significant investments in M2M solutions. While, the M2M services are mainly used for the remote monitoring of cars and theft recovery in the automotive industry. The areas that are driving this growth will be the automotive industry, with new smart cars, utility companies with transportation, healthcare and security. The growth-driving vertical markets such as intelligent buildings, consumer electronics, automotive and healthcare, utilities. All the components are made in order to have a long life and our experiences are so good that it has given us the necessary confidence to offer the best guarantee on the market.
Machine-to-Machine Connections Market Research Analysis:
On geographic basis, Machine-to-Machine (M2M) Connections market is studied in different regions as North America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with the highest growth rate in the Machine-to-Machine (M2M) Connections market as the wide-scale adoption of M2M connectivity technologies in several industries such as manufacturing, BFSI and among others is the key factor supporting the growth of the M2M connections market in this region. The developing economies in Asia-pacific regions like China, Japan, India and others are propelled to good growth in the Machine-to-Machine (M2M) Connections market. Asia Pacific is growing most quickly, buoyed by the tremendous investments being made in China
Machine-to-Machine Connections MarketCompetitive Analysis
The trend for diversification in the industry has enabled the competitors to access the profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise’s liquidity to take the most active decisions in terms of strategy execution and designing.
- Machine-to-Machine (M2M) Connections device manufacturers
- Technology Providers of Machine-to-Machine Systems
- Technical Universities
- Research Institutes and Organizations
- Component Suppliers
- Machine-to-Machine Equipment Manufacturers
- Suppliers and Distributors of Machine-to-Machine (M2M) Connections
- Standardization and Testing Firms
- Raw material and manufacturing equipment suppliers
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