The Business Research Company’s report on the Cellular M2M Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the cellular m2m industry?
The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G, is expected to fuel the growth of the cellular M2M market in the forecast period. Wireless networking is becoming more common across industries as it is used to communicate with consumers and make operations more flexible. M2M communications can be carried out over wide area networks (WANs), which are enabled by cellular networks. 5G speed and reliability are expected to have a massive impact on M2M. For instance, in April 2023, according to 5G Americas, a US-based trade organisation that represents major telecommunications companies and services, between the end of 2021 and the end of 2022, global 5G wireless network connections surged by 76 percent, reaching 1.05 billion. Therefore, the adoption of high-speed internet and connectivity technologies, such as 4G and 5G, is expected to drive the cellular M2M market growth.
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What is the estimated market size of the cellular m2m sector by 2029, based on current forecasts?
The cellular M2M market size has grown exponentially in recent years. It will grow from $17.51 billion in 2024 to $21.54 billion in 2025 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to growth in connectivity demand, increased demand for industrial automation, growth in fleet management, increased demand for energy management, and increased number of smart cities.
The cellular M2M market size is expected to see exponential growth in the next few years. It will grow to $53.03 billion in 2029 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to growing healthcare applications, increasing healthcare infrastructure, increasing government investments in research and development, increasing need for smart agriculture, and increasing adoption of 5g technology. Major trends in the forecast period include iot expansion, increasing focus on edge computing, industrial automation, strategic partnerships, and innovative product launches.
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#Who are the top players in the cellular m2m market?
Major companies operating in the cellular m2m market include Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile Limited., Telefonica S.A., Aeris Communications India Pvt. Ltd., China Telecom Corporation Limited., Arm Holdings plc., Infineon Technologies AG, Kore Wireless, Orange S.A., SK Telecom Co. Ltd., Vodafone Group PLC., Sierra Wireless, Telit Communications, Sigfox SA, Qualcomm Inc., ORBCOMM Inc., Astrocast SA, Nokia Corporation, Huawei Technologies Co. Ltd., Cisco Systems Inc., Digi International Inc., Novatel Wireless Inc., Numerex Corp., Multi-Tech Systems, CalAmp Corp., Cubic Telecom, Telenor Connexion AB, Thales Group
#What are the major trends in the cellular m2m market?
Major companies operating in the cellular M2M market are developing innovative solutions to support seamless connectivity and enhance machine-to-machine communication. These solutions aim to improve network efficiency, scalability, and reliability, enabling better data exchange between devices across various industries, such as automotive, healthcare, and logistics. For instance, in February 2022, T-Mobile and Deutsche Telekom, Germany-based mobile telecommunication companies, introduced T-IoT, a corporate solution designed for IoT connection management, platform administration, and support. This service enables businesses to manage international connections across 188 locations and 383 networks, enhancing global connectivity for M2M applications.
Which geography holds the highest cellular m2m market share?
North America was the largest region in the cellular M2M market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cellular m2m market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the cellular m2m market?
The cellular m2m market covered in this report is segmented –
1) By Services: Connectivity Services, Professional Services, Managed Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Tracking And Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Other Applications
4) By End-User: Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
Subsegments:
1) By Connectivity Services: Cellular Network Connectivity, SIM Card Management Services, Data Plans and Billing Services
2) By Professional Services: Consulting Services, Integration Services, Training and Support Services
3) By Managed Services: Device Management Services, Application Management Services, Network Management Services
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How is the cellular m2m market defined, and what are its core characteristics?
Cellular M2M is the communication between any two devices from any location with enabled (subscriber identity module) SIM cards. The purpose of Cellular M2M (Machine-to-Machine) communication is to enable devices or machines to exchange data and communicate with each other through cellular networks without the need for human intervention.
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