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.
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. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Request for Sample Copy of This Report @ https://marketdigits.com/cellular-m2m-market/sample
This report studies the Cellular M2M Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Cellular M2M Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on ”Cellular M2M Market, By Services (Connectivity services, Professional services, Managed services), Organization Size (Large Enterprises, Small and Medium Enterprises (SMEs)), Application (Asset tracking and monitoring, Predictive maintenance, Telemedicine, Fleet management, Warehouse management, Industrial automation, Smart meter), End User (Healthcare, Energy and utilities, Transportation and logistics, Manufacturing) and Geography – Global Forecast to 2027″. Early buyers will get 10% customization on study.
To Avail deep insights of Cellular M2M Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Cellular M2M Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
Grab Complete Details with TOC @ https://marketdigits.com/cellular-m2m-market/toc
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.
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
- In October 2020, Verizon extended the provision of its 5G network services at the innovation hub located at the University of Illinois Research Park. The provision of 5G network will enable innovators, such as students, startups, and large corporations, to be able to create modern applications in all industries that leverage advanced technologies, such as robotics, analytics, ML, and IoT devices.
- In October 2020, T-Mobile, US became the first wireless provider in North America to successfully finish NB-IoT field tests on the live commercial network. Narrowband IoT or NB-IoT is an evolution of LTE technology built on industry standards that uses very small amounts of dedicated spectrum to carry data with incredible efficiency and performance.
- In September 2020, Orange partnered with Ericsson to launch the 5G network in Spain. The partnership will lead Ericsson’s 5G Radio Access Network (RAN) and its range of core products and solutions to power Orange Spain’s 5G services in two cities: Madrid and Barcelona.
- In July 2020, Deutsche Telekom launched LTE-M in Germany, enabling its customers to develop solutions supporting data transfer and analysis. LTE-M is expected to help customers enable applications across a multitude of industry sectors through the 5G-based LTE-M technology.
- In December 2019, AT&T collaborated with Vodafone to enable commercial inter-carrier arrangement for NB-IoT Roaming Across the US and Europe, creating opportunities for customers to efficiently create massive IoT deployments across the region.
This Cellular M2M Market analysis report is a cautious investigation of current scenario of the market and future estimations which considers several market dynamics. Market research report acceptance is very essential for the business growth as it helps with the better decision making, enhancing revenue generation, prioritizing market goals & results in profitable business. It makes easy for the industry to visualize what is already available in the market, what market anticipates, the competitive environment, & what should be done to surpass the competitor. The Cellular M2M Market report not only aids to save valuable time but also adds credibility to the work that has been done to grow the business.
Why You Should Buy The Global Cellular M2M Market Report?
The Cellular M2M market report provides a meticulous picture of the sector by summary of data, production, and method of study originated from various sources. Competitive analysis comprises identifying the key mutual trends and major players of the market. Besides, report also includes an assessment of different factors essential for the existing market players and new market players coupled with methodical study of value chain.
Key Topics Covered:
2 Cellular M2M Market Segmentation
3 Market Overview
4 Executive Summary
5 Premium Insights
6 Cellular M2M Market, By Type
7 Cellular M2M Market, By End-User
8 Cellular M2M Market, By Geography
9 Cellular M2M Market, Company Landscape
10 Swot Analysis
11 Company Profiles
14 Related Reports
Any Questions? Inquire Here Before Buying @ https://marketdigits.com/cellular-m2m-market/analyst
About Market Digits :
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.
USA : +1 847 450 0808
Email : firstname.lastname@example.org