Cellular M2M Market Size, Opportunities And Scope By 2033

The Cellular M2M Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Cellular M2M Global Market Report 2024, The cellular m2m market size has grown exponentially in recent years. It will grow from $14.39 billion in 2023 to $17.87 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%.  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 $42.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.9%.  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.

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 technology wireless network connections increased by 76 percent, hitting 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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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

The companies in the market are increasingly investing in integrating payment terminals to cater to the growing demand for mobile payments. The companies in the market are increasingly integrating flexible point-of-sale systems with fully integrated UX to cater to the changing purchasing behaviour. For instance, in November 2021, Peplink, a US-based SD-WAN technology provider, announced that it is expanding its partnership with M2M Connectivity in response to the region’s growing consumer demand for 5G and LTE corporate connectivity offerings. M2M Connectivity is an Australia-based company that operates in cellular M2M.

The cellular m2m market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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