Market Overview:
The global M2M services market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing demand for M2M services across different applications and regions. The key players in the global M2M services market are AT&T (US), Verizon Communications (US), Vodafone Group (UK), Telefonica S.A. (Spain), Deutsche Telekom AG (Germany), China Mobile Ltd. (China) and NTT DOCOMO, INC. (Japan).
Product Definition:
M2M services are those that allow machines to communicate with each other. This can include anything from simple alerts or notifications to full-blown machine-to-machine transactions. The importance of M2M services lies in the fact that they can automate a large number of tasks and processes, making businesses more efficient and responsive. Additionally, M2M services can often provide real-time information, which is essential for many businesses in today's fast-paced world.
Cellular:
Cellular is a communication protocol used in mobile telephony and fixed-line communications. It is also used in Personal Area Network (PAN) services, including short-range networks such as Bluetooth, Wi-Fi, and ZigBee. The technology enables service providers to offer various value-added services to their customers; these include voice calls, data transmission (via GSM or CDMA), mobile money transfer via mPOS terminals and biometric access authentication for enhanced security.
Satellite:
Satellite is a communication device that is used to transmit signals over long distances. It works on the principle of oscillating electromagnetic waves which are utilized by mobile and fixed terminals for communication. Satellite technology has witnessed tremendous growth in recent years owing to increased demand for M2M services, which uses satellite-based technology as a backbone infrastructure.
Application Insights:
The automotive segment is estimated to dominate the global M2M services market over the forecast period. The increasing need for tracking and monitoring vehicles in order to ensure safety and security of passengers as well as drivers is expected to drive the demand for M2M services in automobiles. Moreover, introduction of advanced technologies such as Global Positioning Systems (GPS) in vehicles is expected to open new avenues for industry growth.
The healthcare segment accounted for a significant share owing to growing demand from medical equipment manufacturers and rising incidences of cyber-attacks on hospitals across the globe. Furthermore, an increase in number of connected devices including oxygenators, infusion pumps, surgical robots with wireless connectivity has increased risks associated with cyber-attacks leading hospitals & healthcare organizations towards adopting robust security measures while deploying IoT systems at hospital premises which further drives industry growth.
Regional Analysis:
The North American regional market dominated the global m2m services industry in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing adoption of advanced technologies such as IoT, M2M, and remote monitoring & management (RMM) across various industrial applications. Moreover, presence of prominent service providers such as General Electric; Cisco Systems; Qualcomm Technologies Inc.; Vodafone Group; Aastra Technologies Ltd.; Telef³nica S.A.; AT&T Intellectual Property LLC; among others is also contributing towards regional growth.
Asia Pacific region is anticipated to witness significant growth over the next eight years owing to rising demand for cost-effective public safety solutions along with rapid development in automotive sector especially in countries such as India and China that are adopting digital vehicles platform (DVF). Additionally, growing healthcare industry due to improving population health will drive demand further.
Growth Factors:
- Increasing demand for M2M services from the automotive sector as vehicles are becoming more and more connected.
- The increasing number of smart devices and the growing demand for M2M services from the consumer electronics sector.
- The increasing demand for M2M services in logistics and supply chain management to improve efficiency and reduce costs.
- The growing popularity of IoT-based applications that require M2M connectivity, such as smart cities, healthcare, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
M2M Services Market Research Report
By Type
Cellular, Satellite
By Application
Consumer Electronics, Automotive, Healthcare, Energy and Utilities, Transportation and Logistics, Manufacturing, Other
By Companies
AT&T, EE, Sprint, Verizon, Aeris Communications, Amdocs, Applied Satellite Technology, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Hughes Network System (EchoStar), Jasper Technologies, KORE Wireless Group, Novatel Wireless, Nupoint Systems
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global M2M Services Market Report Segments:
The global M2M Services market is segmented on the basis of:
Types
Cellular, Satellite
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
Consumer Electronics, Automotive, Healthcare, Energy and Utilities, Transportation and Logistics, Manufacturing, Other
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
- EE
- Sprint
- Verizon
- Aeris Communications
- Amdocs
- Applied Satellite Technology
- China Mobile
- Comarch
- Digi International
- Ericsson
- Gemalto
- Huawei
- Hughes Network System (EchoStar)
- Jasper Technologies
- KORE Wireless Group
- Novatel Wireless
- Nupoint Systems
Highlights of The M2M Services 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:
- Cellular
- Satellite
- By Application:
- Consumer Electronics
- Automotive
- Healthcare
- Energy and Utilities
- Transportation and Logistics
- Manufacturing
- Other
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 are a type of technology that allow devices to communicate with each other over a network. This allows devices to share data, control systems, and other resources. M2M services can be used for a variety of purposes, including monitoring and managing assets, communicating with customers or clients remotely, and more.
Some of the major companies in the m2m services market are AT&T, EE, Sprint, Verizon, Aeris Communications, Amdocs, Applied Satellite Technology, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Hughes Network System (EchoStar), Jasper Technologies, KORE Wireless Group, Novatel Wireless, Nupoint Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 M2M Services 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 M2M Services 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 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 Market Size & Forecast, 2020-2028
4.5.1 M2M Services Market Size and Y-o-Y Growth
4.5.2 M2M Services Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cellular
5.2.2 Satellite
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Automotive
6.2.3 Healthcare
6.2.4 Energy and Utilities
6.2.5 Transportation and Logistics
6.2.6 Manufacturing
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global M2M Services 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cellular
9.6.2 Satellite
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 Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Automotive
9.10.3 Healthcare
9.10.4 Energy and Utilities
9.10.5 Transportation and Logistics
9.10.6 Manufacturing
9.10.7 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cellular
10.6.2 Satellite
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 Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Automotive
10.10.3 Healthcare
10.10.4 Energy and Utilities
10.10.5 Transportation and Logistics
10.10.6 Manufacturing
10.10.7 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cellular
11.6.2 Satellite
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 Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Automotive
11.10.3 Healthcare
11.10.4 Energy and Utilities
11.10.5 Transportation and Logistics
11.10.6 Manufacturing
11.10.7 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cellular
12.6.2 Satellite
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 Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Automotive
12.10.3 Healthcare
12.10.4 Energy and Utilities
12.10.5 Transportation and Logistics
12.10.6 Manufacturing
12.10.7 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cellular
13.6.2 Satellite
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) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Automotive
13.10.3 Healthcare
13.10.4 Energy and Utilities
13.10.5 Transportation and Logistics
13.10.6 Manufacturing
13.10.7 Other
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 Market: Competitive Dashboard
14.2 Global M2M Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AT&T
14.3.2 EE
14.3.3 Sprint
14.3.4 Verizon
14.3.5 Aeris Communications
14.3.6 Amdocs
14.3.7 Applied Satellite Technology
14.3.8 China Mobile
14.3.9 Comarch
14.3.10 Digi International
14.3.11 Ericsson
14.3.12 Gemalto
14.3.13 Huawei
14.3.14 Hughes Network System (EchoStar)
14.3.15 Jasper Technologies
14.3.16 KORE Wireless Group
14.3.17 Novatel Wireless
14.3.18 Nupoint Systems
