Machine-to-Machine (M2M) Connections Market 2021-26: Size, Share, Growth, Trends and Forecast
According to the latest report by IMARC Group, titled “Machine-to-Machine (M2M) Connections Market : Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global machine-to-machine (M2M) connections market grew at a CAGR of around 5% during 2015-2020 and expected to continue its moderate growth during the next five years.
Machine-to-machine(M2M) connectionautomates the exchange of data or information between electronic devices without human intervention. It is widely used in remote monitoring, warehousemanagement, traffic control system, and logistics and supply chain management. It can nowadays be combined with the internet of things (IoT) technology to support various industrial applications.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Machine-to-Machine (M2M) Connections Market Trends:
Technological advancements in network connectivity, along with the widespread adoption of industrial automation, are promoting the utilization of connected devices in various industries across the globe. This represents one of the major factors propelling the market growth. In addition to this, M2M connections are employed in the healthcare sector to enable remote patient monitoring, minimize medical costs, and improve the quality, efficiency, and flexibility of healthcare delivery. Apart from this, M2M connected devices are used in the retail sectorto gain better shopping experiences via personalized signage. Moreover, the integration of software application for product enhancements, coupled with the increasing adoption of various technologies for manufacturing cost-effective products and meeting safety regulations,is anticipated to support the market growth.
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Global Machine-to-Machine (M2M) Connections Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AT&T Inc., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Telefonica S.A., Texas Instruments Incorporated, U-Blox Holding AG, Verizon Communication Inc. and Vodafone Group Plc.
The report has segmented the market on the basis of region, connection type, technology and end use industry.
Breakup by Connection Type:
- Wired
- Wireless
Breakup by Technology:
- Serial Connection
- Power Line Connection
- Cellular
- Wi-Fi
- Bluetooth
- Others
Breakup by End Use Industry:
- Automotive
- Healthcare
- Consumer Electronics
- Transportation
- Utilities
- Retail
- Others
Breakup by Region:
- North America: (United States,Canada)
- Asia Pacific: (China, South Korea, Australia, Others)
- Europe: (Germany, United Kingdom, Netherlands, Spain, Others)
- Latin America: (Brazil, Argentina, Others)
- Middle East and Africa: (South Africa, Israel)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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