The Machine-to-Machine (M2M) Connections can be defined as a communication between devices through application of any means of communication including wired or wireless. M2M connections enable devices on a network to make autonomous decisions without application of any manual actions. M2M connections are widely used in manufacturing sector, it’s also used in other sectors which include healthcare, insurance, and the Internet of Things (IoT) among others. The growing penetration connected devices worldwide and rising automotive and transportation sector as well as recent acquisition activities from leading market players are factors that are accelerating the global market demand.
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For instance, according to Statista – in 2021, the installed base of Internet of Things (IoT) connected devices worldwide was estimated at 13.8 billion units, and the number is projected to grow to 30.9 billion units by 2025. Furthermore, leading market players are working towards new acquisitions to enhance their product portfolio and geographical footprints. For instance, in May 2022, Gurugram, India based Rosmerta Group acquired M2M Communication Brand Sensorise Digital Services. Sensorise Digital Services specialises in Internet of Things (IoT) and Machine to Machine (M2M) M2M communications. Moreover, in July 2022, UK based Wireless Logic acquired Mobius Networks based out in UK. Mobius Networks specialises in data connectivity services for Internet-of-Things (IoT) and Machine-to-Machine (M2M) applications. Also, growing emergence of 5G cellular technologies as well as rising inclination towards connected cars & smart home solutions are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a rising concern over cyber security impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Machine-to-Machine (M2M) Connections Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing investment towards 5G technologies and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing penetration IoT and Non-IoT connected device in the region and growing manufacturing sector in the region, would create lucrative growth prospects for the global Machine-to-Machine (M2M) Connections Market across the Asia Pacific region.
Major market players included in this report are:
Vodafone Group PLC (UK)
AT&T Inc. (US)
China Mobile Ltd. (China)
Deutsche Telekom AG (Germany)
Telefonica, S.A (Spain)
Texas Instruments Incorporated (US)
Intel Corporation (US)
Gemalto N.V. (Netherlands)
Cisco Systems Inc. (US)
Huawei Technologies Co., Ltd. (China)
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology
Wired
Wireless
By End Use Industry
Healthcare
Utilities
Retail
Consumer Electronics
Automotive & Transportation
Security & Surveillance
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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