Market Overview:
The global M2M services in retail market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for M2M services in retail applications such as POS terminals, vending machines, ATMs, smart parking meters and fare ticketing devices. Additionally, the growing demand for remote device management and managed service is also contributing to the growth of this market. However, lack of awareness about M2M services among retailers is restraining the growth of this market. North America dominates the global M2M services in retail market followed by Europe and Asia Pacific region.
Product Definition:
M2M services in retail are used to connect machines with other machines or devices in order to exchange data and enable communication. This allows for two-way communication between the machines, which can be used for a variety of purposes such as tracking inventory, managing customer data, and more. M2M services are important in retail because they allow businesses to automate processes and better manage their operations.
Remote Device Management:
Remote Device Management (RDM) is a service that allows the management of one or more devices from a distance. It helps in providing remote access to device configuration and maintenance features. The retail industry has witnessed significant growth over the past few years, owing to changing consumer behavior and increasing competition among retailers. To remain competitive in this market, retailers have started deploying several value-added services such as loyalty programs, gift cards, price protection, etc.
Managed Service:
Managed service is a type of support services that help companies to reduce their operational expenses and focus on core competencies. It helps retailers to improve the productivity of their business by reducing time-to-market, providing faster innovation, enhancing customer experience along with enabling cost reduction. Managed service providers (MSPs) offer various types of managed services such as network management, security management and infrastructure monitoring among others which are used in M2M applications for retail market.
Application Insights:
The global market for machine-to-machine services in retail is segmented by application into POS terminals, vending machines, automated teller machines (ATMs), smart parking meters and fare ticketing devices. The POS terminals segment dominated the overall market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to increasing demand for m2m services from retailers that manage their inventory and billing systems remotely.
Vending machine operators are also increasingly deploying m2m services to control their product distribution network as well as collect data on sales generated through vending machines across various locations. Moreover, these solutions also help reduce maintenance costs incurred while managing complex network infrastructures required for controlling individual products at multiple locations using a single system. The use of M2M technology has become essential in modernizing aging IT infrastructure used by many industries including utilities & energy where remote monitoring & control of equipment are critical needs driving the growth of this segment over the forecast period.
Regional Analysis:
The North American regional market dominated the global m2m services in retail industry with a revenue share of over 35% in 2017. The growth is majorly attributed to the presence of prominent players such as AT&T, Broadcom, and Qualcomm Technologies Inc., which are engaged in providing solutions for remote device management and other professional services. Moreover, these companies are also developing their network capabilities for supporting advanced communication needs along with offering various M2M-enabled products to retailers across this region.
However, Asia Pacific is expected to emerge as the fastest-growing regional market from 2018 to 2030 owing to increasing demand from countries such as China and India. The growing adoption of IoT technology coupled with rising investments by governments across these regions will drive growth further.
Growth Factors:
- Increasing demand for M2M services in retail sector from small and medium businesses due to the advantages of M2M technology such as improved efficiency, reduced costs and enhanced customer experience.
- Proliferation of low-cost sensors and connectivity options that are making it easier for retailers to deploy M2M solutions at scale.
- Rapid growth in e-commerce and m-commerce sectors, which is driving the need for better inventory management, tracking and security systems across the retail industry.
- Growing demand for location-based services (LBS) in retail sector to improve customer engagement through targeted marketing campaigns and personalized offers/discounts etc..
Scope Of The Report
Report Attributes
Report Details
Report Title
M2M Services in Retail Market Research Report
By Type
Remote Device Management, Managed Service, Professional Service
By Application
POS Terminals, Vending Machines, ATMs, Smart Parking Meters, Fare Ticketing Devices
By Companies
AT&T, Rogers Communications, Verizon Communications, Vodafone, Cantaloupe Systems, Carriots, CCV, Coinco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global M2M Services in Retail Market Report Segments:
The global M2M Services in Retail market is segmented on the basis of:
Types
Remote Device Management, Managed Service, Professional Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
POS Terminals, Vending Machines, ATMs, Smart Parking Meters, Fare Ticketing Devices
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AT&T
- Rogers Communications
- Verizon Communications
- Vodafone
- Cantaloupe Systems
- Carriots
- CCV
- Coinco
Highlights of The M2M Services in Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Device Management
- Managed Service
- Professional Service
- By Application:
- POS Terminals
- Vending Machines
- ATMs
- Smart Parking Meters
- Fare Ticketing Devices
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the M2M Services in Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
M2M Services in Retail refers to the use of mobile devices and sensors to connect with customers in physical retail stores. This can include things like tracking customer movements, inventory levels, and providing real-time alerts when a product is out of stock. M2M Services in Retail can also help retailers improve customer service by automatically sending notifications when a customer needs assistance or has reached their limit on available products.
Some of the major companies in the m2m services in retail market are AT&T, Rogers Communications, Verizon Communications, Vodafone, Cantaloupe Systems, Carriots, CCV, Coinco.
The m2m services in retail market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 M2M Services in Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 M2M Services in Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 M2M Services in Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the M2M Services in Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global M2M Services in Retail Market Size & Forecast, 2018-2028
4.5.1 M2M Services in Retail Market Size and Y-o-Y Growth
4.5.2 M2M Services in Retail Market Absolute $ Opportunity
Chapter 5 Global M2M Services in Retail Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 M2M Services in Retail Market Size Forecast by Type
5.2.1 Remote Device Management
5.2.2 Managed Service
5.2.3 Professional Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global M2M Services in Retail Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 M2M Services in Retail Market Size Forecast by Applications
6.2.1 POS Terminals
6.2.2 Vending Machines
6.2.3 ATMs
6.2.4 Smart Parking Meters
6.2.5 Fare Ticketing Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global M2M Services in Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 M2M Services in Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America M2M Services in Retail Analysis and Forecast
9.1 Introduction
9.2 North America M2M Services in Retail Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America M2M Services in Retail Market Size Forecast by Type
9.6.1 Remote Device Management
9.6.2 Managed Service
9.6.3 Professional Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America M2M Services in Retail Market Size Forecast by Applications
9.10.1 POS Terminals
9.10.2 Vending Machines
9.10.3 ATMs
9.10.4 Smart Parking Meters
9.10.5 Fare Ticketing Devices
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe M2M Services in Retail Analysis and Forecast
10.1 Introduction
10.2 Europe M2M Services in Retail Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe M2M Services in Retail Market Size Forecast by Type
10.6.1 Remote Device Management
10.6.2 Managed Service
10.6.3 Professional Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe M2M Services in Retail Market Size Forecast by Applications
10.10.1 POS Terminals
10.10.2 Vending Machines
10.10.3 ATMs
10.10.4 Smart Parking Meters
10.10.5 Fare Ticketing Devices
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific M2M Services in Retail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific M2M Services in Retail Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific M2M Services in Retail Market Size Forecast by Type
11.6.1 Remote Device Management
11.6.2 Managed Service
11.6.3 Professional Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific M2M Services in Retail Market Size Forecast by Applications
11.10.1 POS Terminals
11.10.2 Vending Machines
11.10.3 ATMs
11.10.4 Smart Parking Meters
11.10.5 Fare Ticketing Devices
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America M2M Services in Retail Analysis and Forecast
12.1 Introduction
12.2 Latin America M2M Services in Retail Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America M2M Services in Retail Market Size Forecast by Type
12.6.1 Remote Device Management
12.6.2 Managed Service
12.6.3 Professional Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America M2M Services in Retail Market Size Forecast by Applications
12.10.1 POS Terminals
12.10.2 Vending Machines
12.10.3 ATMs
12.10.4 Smart Parking Meters
12.10.5 Fare Ticketing Devices
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) M2M Services in Retail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) M2M Services in Retail Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) M2M Services in Retail Market Size Forecast by Type
13.6.1 Remote Device Management
13.6.2 Managed Service
13.6.3 Professional Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) M2M Services in Retail Market Size Forecast by Applications
13.10.1 POS Terminals
13.10.2 Vending Machines
13.10.3 ATMs
13.10.4 Smart Parking Meters
13.10.5 Fare Ticketing Devices
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 M2M Services in Retail Market: Competitive Dashboard
14.2 Global M2M Services in Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AT&T
14.3.2 Rogers Communications
14.3.3 Verizon Communications
14.3.4 Vodafone
14.3.5 Cantaloupe Systems
14.3.6 Carriots
14.3.7 CCV
14.3.8 Coinco
