Global Cellular M2M Market Is Anticipated to Increase to Approximately USD 68 Billion By 2030

The Global Cellular M2M Market Size Will Grow at a CAGR of 19.4% by 2023 to 2030

The global cellular M2M industry size was nearly USD 12 Billion in 2022 and is anticipated to increase to approximately USD 68 Billion by 2030 along with recording a CAGR of nearly 19.4% from 2023 to 2030.

Cellular machine to machine modems also referred to as cellular M2M modems are the terminals that are fitted with software providing features such as a gateway for payment at POS (Point of Sale), vending for commercial units, and vending for remote management. Reportedly, cellular M2M services help in addressing the technical skill needs of any firm that is keen on developing new M2M apps. The use of cellular machine to machine technology helps in fulfilling the client’s business requirements.  

Large-scale use of automated technologies in integration with connected things has amplified the demand for cellular M2M connections, thereby steering the elevation of the global cellular M2M market. In addition to this, the rise in government expenditure for developing strong and safe wireless communication has benefited the cellular M2M market.

Thriving telecommunications industry to make notable contributions towards the growth of the global cellular M2M market. Apart from this, the use of wireless connections in a spectrum of industries has propped up the cellular M2M market expansion in recent years. Humungous focus of mobile network operators on targeting online network systems will steer the global market trends. Increase in the use of cellular M2M connections by small, medium, and large enterprises to expand the domain of the global market surge.

However, growing concerns about data security owing to data sharing through the cloud can pose a big threat to the expansion of the Cellular M2M industry across the globe. Nonetheless, the easy availability of high-speed internet connection and the launching of 5G network has created new opportunities for growth for the global cellular M2M industry.

The global cellular M2M market is divided into service, application, organization size, end-user, and region. 

Based on organization size, the global cellular M2M market is divided into large enterprises and small & medium enterprises segments. Furthermore, the large enterprises segment is projected to dominate the global market share in the coming years as cellular M2M systems help large enterprises in optimizing their network infrastructure, reducing operating costs, and mitigating ransomware & malware attacks on the data.

In terms of service, the global cellular M2M market is segmented into connectivity, managed, and professional segments.

Based on the application, the global cellular M2M industry is divided into asset tracking & monitoring, telemedicine, fleet management, and predictive maintenance segments.

In terms of end-user, global cellular M2M industry is sectored into healthcare, energy & utilities, transportation & logistics, and manufacturing segments. Moreover, the transportation & logistics segment is anticipated to register the highest CAGR in the forecasting years. The segmental surge can be attributed to swift digitization and the ability of cellular M2M systems in increasing the productivity of transport activities.

The cellular M2M market in North America is predicted to register noteworthy expansion in the next couple of years. Moreover, the region also accounted for the major share of the global market in 2022. The regional market expansion over 2023-2030 can be due to the combining of cloud & mobile technologies with cellular M2M tools. Apart from this, cellular M2M systems help in streamlining business processes along with increasing use of business resources. Moreover, the government in countries such as Canada and the U.S. are installing cellular M2M mobile apps as it helps them in providing robust security during transferring of documents online.

Cellular M2M mobile apps also facilitate interaction between employees working at distant geographical locations. Presence of leading market participants such as T-Mobile, Verizon Communications Inc., and AT&T Inc. will further boost the market growth trends in the sub-continent.

Furthermore, the cellular M2M industry in Latin America and the Middle East and Africa is predicted to record substantial growth due to the large-scale use of IoT, data technology, and the thriving e-commerce industry in the regions.

This review is based on a report by Zion Market Research, titled “Cellular M2M Market By Service (Connectivity, Managed, And Professional), By Application (Asset Tracking & Monitoring, Telemedicine, Fleet Management, And Predictive Maintenance), By Organization Size (Large Enterprises And Small & Medium Enterprises), By End-User (Healthcare, Transportation & Logistics, Energy & Utilities, And Manufacturing), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/cellular-m2m-market

Recent Developments:

• In September 2020, Telefonaktiebolaget LM Ericsson, a network and telecom firm headquartered in Sweden, signed a partnership deal with Orange S.A., a telecom firm based in France, for introducing 5G network in Spain. The move will provide impetus to the expansion of cellular M2M business in Europe as it will improve cellular M2M services of Orange S.A. due to the assistance of a radio access network facility from Ericsson.
• In March 2023, Fibocom Wireless Inc., a leading IoT wireless solution provider, announced the launching of 5G Sub 6GHz and mmWave module in Spain. The move will help in enhancing cellular machine to machine performance along with improving data transmission in smartphones.
• In March 2023, D-Link, a networking equipment manufacturing firm based in Taiwan, introduced 5G NR M2M industrial gateway for industry 4.0 and IoT applications The initiative will contribute majorly to the sizable expansion of the global cellular M2M industry.

Key players in the global cellular M2M market include:

• Vodafone
• Truphone
• Telenor Conexion
• Telit
• Deutsche Telekom
• AT&T Inc.
• Aeris Communications
• Sierra Wireless
• SK Telecom
• Orange S.A.
• Rogers communications
• Cubic Telecom
• Telefónica S.A.
• Infineon Technologies
• Verizon Communication Inc.
• Amdocs Inc.
• Kore Wireless
• Ericsson
• China Mobile Limited
• Orbocomm
• Sprint Corporation
• Deutsche Telekom AG.

The global cellular M2M market is segmented as follows:

By Service

• Connectivity
• Managed
• Professional

By Application

• Asset Tracking & Monitoring
• Telemedicine
• Fleet Management
• Predictive Maintenance

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By End-User

• Healthcare
• Transportation & Logistics
• Energy & Utilities
• Manufacturing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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