Cellular M2M Market is Anticipated to Reach a Valuation of US$ 70 Bn by 2032 | Report by FMI

The Cellular M2M Market is expected to witness moderate growth, registering 19.3% CAGR during the forecast period (2022-2030) and projected to reach US$ 12 Bn and US$ 70 Bn by 2032 from US$ 10 Bn in 2021. High-speed internet and connection technologies are becoming more widely used.

In maintaining?M2M device?connections, connectivity is critical. Wireless communication is being more widely used in a variety of businesses.?M2M?has opened up a wide range of connectivity options for businesses with devices scattered across several sites.

The rapid spread of the coronavirus has generated a?global health?disaster as well as a significant financial problem. Organizations are reducing their investments in the development of?cellular M2M?solutions?as a result of massive?economic?losses in the majority of sectors.

However, technological improvements and digitalization in many nations are projected to keep up?demand for cellular M2M solutions?in important verticals such as?healthcare?and utilities, reducing the need for human interaction.

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Furthermore, to restore operational efficiency and enhance productivity, enterprises are rapidly integrating?mobile and cloud technologies, as well as big data and analytics capabilities coupled with?cellular M2M solutions. Customers, businesses, and?communication?service providers now connect with business processes in new ways thanks to the?internet and wireless technology.

The tremendous increase in?M2M connections?is having a major influence on how many companies across sectors do business by enhancing operational efficiency, product and service quality, and decision-making. Organizations are adopting next-generation?connectivity technologies?like 4G and 5G to allow innovation and achieve a competitive edge by connecting billions of devices, machines, and people in the hyper-connected region.

M2M?is an important part of the growing?Internet of Things revolution.?M2M?connections, together with?big data analytics,?cloud computing, sensors and actuators that may work together to run autonomous?machines and intelligent systems, are all part of the?Internet of Things. Sensing and actuation have provided?M2M?with a boost to?IoT, thanks to recent improvements in wireless?communications.

North America?has been particularly quick to implement the most recent technology breakthroughs, such as?cloud?and mobile integration into?cellular M2M solutions, in order to streamline company operations and maximize resource efficiency.

The area is a leader in the deployment?of cellular M2M mobile apps, which are effective in safeguarding digital document sharing and cooperation among employees or sites that are geographically dispersed. Furthermore,?North America?is home to a large number of technology pioneers.

Key Takeaways:

• The?connectivity services?from the?cellular M2M market?are expected to grow at the fastest CAGR of 17.6% in the services sector.
• ?Asset tracking and monitoring?are expected to grow at a high rate in the?application?sector of?the cellular M2M market, with a CAGR of 18.6%.
• The?market size?for?cellular M2M?in the?United States?is expected to reach US$ 25 Billion by 2032, growing at a CAGR of 19% during the research period.
• ?UK?is expected to reach a?market size?of US$ 3 Billion in the?cellular M2M?by 2032, with a CAGR of 17.8% during the research period.
• ?China’s cellular M2M market?is expected to be worth US$ 5 Billion by 2032, with a CAGR of 18.5% over the forecast period.
• ?Japan?is expected to have a?market size?for?cellular M2M?of US$ 4 Billion by 2032, with a CAGR of 17.4% during the research period.
• By 2032,?South Korea?is expected to reach a?market size?of US$ 2 Billion in the?cellular M2M, with a CAGR of 16.6% during the research period.

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Key Players

AT&T, Verizon, T-Mobile, Vodafone, Telefonica, Ericsson, Arm Holdings, KPN.

Key Segments

By Function:

• Connectivity Services
• Professional Services
• Managed Services

By Application:

• Asset tracking and monitoring
• Predictive Maintenance
• Telemedicine
• Fleet Management
• Warehouse Management
• Industrial Automation
• Smart meter

By Industry:

• Healthcare
• Energy and Utilities
• Transportation and Logistics
• Manufacturing
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)