Latest added Cellular M2M Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are AT&T Inc., Verizon Communication, China Mobile Ltd, Vodafone Group PLC, Amdocs, Aeris Communications, Deutsche Telekom AG, Sprint Corporation, Sierra Wireless, and Telefonica. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
The Cellular M2M Market size is projected to grow from USD XX billion in 2020 to USD 21.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period.
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Connectivity plays a crucial role in managing M2M device connections. The adoption of wireless connectivity has been increasing across industries. M2M has enabled a widespread scope of connectivity for enterprises possessing devices across geographically dispersed locations.
COVID-19 impact on the global cellular M2M market
The quick spread of the coronavirus has created a health crisis and triggered a massive financial crisis worldwide. Due to the huge economic losses in the majority of the sectors, the investments for the development of cellular M2M solutions by the organizations is reduced. However, technological advancements and digitization in various countries are expected to keep up the demand for cellular M2M solutions in major verticals, such as healthcare and utilities, to reduce human intervention. Moreover, organizations are gradually adopting mobile and cloud technologies, and big data and analytics capabilities combined in cellular M2M solutions to regain operational efficiency and improve their productivity.
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Driver: Growing adoption of high-speed internet and connectivity technologies, such as 4G and 5G
Internet and wireless technologies have revolutionized the way customers, enterprises, and communication service providers interact with business processes. Huge rise in M2M connections is having a massive impact on the way many organizations do their businesses across industries by improving operational efficiency, quality of products and services, and decision-making. Organizations are moving to adopt next-generation connectivity technologies, such as 4G and 5G, to enable innovation and gain competitive advantage by linking billions of devices, machines, and people in the hyper-connected area.
Restraint: Increasing concerns about data privacy and security
The volume of data collected using M2M technology introduces new risks to security and privacy. The sharing of data through cloud services increases the locations where personal data resides. Most of the cellular-based M2M application providers map, monitor, and store private data of individuals, asset and vehicle information, and remote access to different IT systems and are concerned regarding the disclosure of this vital information to third parties for marketing purposes or disclosure to government officials.
Opportunity: Growing impetus to IoT
M2M is a key component of the evolving IoT revolution. M2M connections form a part of the IoT, along with big data analytics, cloud computing, and sensors and actuators that can together run autonomous machines and intelligent systems. For the recent developments in wireless communications, sensing and actuation have given M2M an impetus to IoT. Further, the number of connected devices is growing exponentially for many years and will continue to grow in the future. As a result, IoT is supporting a wide range of smart applications and services to cope up with many of the challenges people face in their daily lives.
Challenge: Increasing security threats due to cloud and mobile technologies
Cellular M2M applications have been greatly benefitted due to the rise in disruptive technologies, such as cloud and mobile. However, owing to the sensitivity and security associated with insurance data, controlling the flow of sensitive data and digital access rights of digital assets as well as intellectual property protection are the major concerns of cellular M2M application providers. Data privacy and security is a cumbersome bottleneck that needs to be addressed effectively. Setting up proper access and control mechanism is a must to address the issues of data theft.
Connectivity services segment to lead the cellular M2M market in 2020
The demand for connectivity services is increasing with the rise in complicated applications being deployed by customers. Services must ensure networks are secure, reliable, scalable, and offer coverage in remote areas. Hence, providing roaming services and SIMs with global coverage has become a pivotal function in creating end-to-end IoT solutions.
Asset tracking and monitoring segment to lead the cellular M2M market in 2020
Asset tracking has been used to fix problems, such as theft and loss of valuable assets, inefficient processes, and poor operational performance. The M2M asset tracking application helps businesses efficiently track their assets to improve employee safety, drive process automation, and optimize their supply chain. The application is instrumental in maintaining the asset health as well as a vital means of trouble shooting in case of any emergency.
Transportation and logistics segment grow at a higher CAGR during the forecast period
The transformation of transportation and logistics industry is significant with adoption of cellular M2M services and solutions at a global scale. Due to rapid digitalization, there are many key players along the value chain which can exchange information through M2M technology and enhance productivity. With help of cellular M2M solutions, the logistic and transportation processes are being innovated and companies are implementing customizable solutions for efficient functioning of the supply chain and delivery systems.
Large enterprises segment to lead the cellular M2M market in 2020
Cellular M2M service providers help large enterprises in optimizing the network infrastructure, deploy latest applications that help them lower the operational costs, improve operational efficiencies, troubleshooting the IoT device issues, and detecting and mitigating security attacks. They always focus on the adoption of industry solutions that can help them in increasing their operational efficiency.
North America to lead the cellular M2M market in 2020
North America has been extremely responsive toward adopting the latest technological advancements, such as integration with cloud and mobile technologies within cellular M2M solutions, to yield streamlining business processes and optimum utilization of business resources. The region is foremost in deploying cellular M2M mobile applications, which are efficient in securing the digital document transfer and collaboration among geographically diverse employees or locations. In addition, North America is home to many technological innovators. Most of the leading market players, such as AT&T, Verizon, and T-Mobile, have their headquarters in this region. These players provide effective cellular M2M solutions and services worldwide and possess a huge customer base.
Key Market Players
The cellular M2M market comprises key solution and service providers, such as AT&T (US), Verizon (US), T-Mobile (US), Deutsche Telekom (Germany), Orange S.A. (France), Telefonica (Spain), Vodafone (UK), Ericsson (Sweden), Kore Wireless (US), Aeris (US), Arm holdings (UK), China Mobile (China), Infineon (Germany), Thales Group (France), Orbocomm (US), Telit (UK), Giesecke+Devrient (Germany), Cubic Telecom (Ireland), KPN (Netherlands), A1 Digital (Austria), SK Telecom (South Korea), Rogers Communications (Canada), Telenor Connexion (Sweden), Truphone (UK), and 1oT (Estonia).
Scope of the Report
This research report categorizes the cellular M2M market to forecast revenues and analyze trends in each of the following subsegments:
Based on services, the cellular M2M market has the following segments:
- Connectivity services
- Professional services
- Managed services
Based on application, the market has the following segments
- Asset tracking and monitoring
- Predictive maintenance
- Fleet management
- Warehouse management
- Industrial automation
- Smart meter
- Others (connected cars, Point of Sale (POS), and digital signage)
Based on end user, the cellular M2M market has the following segments
- Energy and utilities
- Transportation and logistics
- Others (automotive and retail)
Based on organization size, the market has the following segments
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Based on region, the cellular M2M market has the following segments
- North America
- United States (US)
- United Kingdom (UK)
- Rest of APAC
- Middle East and Africa (MEA)
- Latin America
A comprehensive analysis of the market structure along with the forecast of the various segments and sub-segments of the market have been delivered through this Cellular M2M market report. The market research and analysis performed in this business report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. The market is greatly transforming because of the moves of the key players & brands including developments, product launches, joint ventures, mergers & acquisitions that in turn changes the view of the global face of industry.
Table of Contents: Cellular M2M Market
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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