Machine-to-Machine (M2M) Connections Market Size, Share, Trends, Growth 2030
Machine-to-Machine (M2M) Connections Market By Technology (Wired and Wireless), By End-use Industry (Automotive & Transportation, Manufacturing, Healthcare, Consumer Electronics, Utilities, Retail, Security & Surveillance, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Semiconductor & Electronics Report Format : PDF
Pages: 226 Report Code: ZMR-7295
Published Date: Jun-2023 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 20.5 Billion | USD 29.1 Billion | 4.5% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Machine-to-Machine (M2M) Connections Market, (2023 - 2030) ( USD Billion)
- 2.2 Global Machine-to-Machine (M2M) Connections Market : snapshot
- Chapter 3. Global Machine-to-Machine (M2M) Connections Market - Industry Analysis
- 3.1 Machine-to-Machine (M2M) Connections Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing demand for M2M in the supply chain drives the market growth
- 3.3 Market Restraints
- 3.3.1. Security and privacy concerns act as major restraints for the market expansion
- 3.4 Market Opportunities
- 3.4.1. Advancements in communication technologies offer a significant opportunity
- 3.5 Market Challenges
- 3.5.1. The high cost of deployment and maintenance poses a major challenge
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Technology
- 3.7.2 Market attractiveness analysis By End-use Industry
- Chapter 4. Global Machine-to-Machine (M2M) Connections Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Machine-to-Machine (M2M) Connections Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Machine-to-Machine (M2M) Connections Market - Technology Analysis
- 5.1 Global Machine-to-Machine (M2M) Connections Market overview: By Technology
- 5.1.1 Global Machine-to-Machine (M2M) Connections Market share, By Technology, 2022 and 2030
- 5.2 Wired
- 5.2.1 Global Machine-to-Machine (M2M) Connections Market by Wired, 2023 - 2030 ( USD Billion)
- 5.3 Wireless
- 5.3.1 Global Machine-to-Machine (M2M) Connections Market by Wireless, 2023 - 2030 ( USD Billion)
- 5.1 Global Machine-to-Machine (M2M) Connections Market overview: By Technology
- Chapter 6. Global Machine-to-Machine (M2M) Connections Market - End-use Industry Analysis
- 6.1 Global Machine-to-Machine (M2M) Connections Market overview: By End-use Industry
- 6.1.1 Global Machine-to-Machine (M2M) Connections Market share, By End-use Industry, 2022 and 2030
- 6.2 Automotive & Transportation
- 6.2.1 Global Machine-to-Machine (M2M) Connections Market by Automotive & Transportation, 2023 - 2030 ( USD Billion)
- 6.3 Manufacturing
- 6.3.1 Global Machine-to-Machine (M2M) Connections Market by Manufacturing, 2023 - 2030 ( USD Billion)
- 6.4 Healthcare
- 6.4.1 Global Machine-to-Machine (M2M) Connections Market by Healthcare, 2023 - 2030 ( USD Billion)
- 6.5 Consumer Electronics
- 6.5.1 Global Machine-to-Machine (M2M) Connections Market by Consumer Electronics, 2023 - 2030 ( USD Billion)
- 6.6 Utilities
- 6.6.1 Global Machine-to-Machine (M2M) Connections Market by Utilities, 2023 - 2030 ( USD Billion)
- 6.7 Retail
- 6.7.1 Global Machine-to-Machine (M2M) Connections Market by Retail, 2023 - 2030 ( USD Billion)
- 6.8 Security & Surveillance
- 6.8.1 Global Machine-to-Machine (M2M) Connections Market by Security & Surveillance, 2023 - 2030 ( USD Billion)
- 6.9 Others
- 6.9.1 Global Machine-to-Machine (M2M) Connections Market by Others, 2023 - 2030 ( USD Billion)
- 6.1 Global Machine-to-Machine (M2M) Connections Market overview: By End-use Industry
- Chapter 7. Machine-to-Machine (M2M) Connections Market - Regional Analysis
- 7.1 Global Machine-to-Machine (M2M) Connections Market Regional Overview
- 7.2 Global Machine-to-Machine (M2M) Connections Market Share, by Region, 2022 & 2030 ( USD Billion)
- 7.3. North America
- 7.3.1 North America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.3.1.1 North America Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.3.1 North America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 North America Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 North America Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 North America Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 North America Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- 7.4. Europe
- 7.4.2 Europe Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4.2.1 Europe Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.4.2 Europe Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 Europe Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 Europe Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 Europe Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 Europe Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.5.3.1 Asia Pacific Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.5.3 Asia Pacific Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 Asia Pacific Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 Asia Pacific Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 Asia Pacific Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 Asia Pacific Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- 7.6. Latin America
- 7.6.4 Latin America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.6.4.1 Latin America Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.6.4 Latin America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 Latin America Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 Latin America Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 Latin America Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 Latin America Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.7.5.1 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.7.5 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- 7.8.
- 7.8.6 Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.8.6.1 Machine-to-Machine (M2M) Connections Market, by Country, 2023 - 2030 ( USD Billion)
- 7.8.6 Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 7.4 Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030
- 7.4.1 Machine-to-Machine (M2M) Connections Market, by Technology, 2023 - 2030 ( USD Billion)
- 7.5 Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030
- 7.5.1 Machine-to-Machine (M2M) Connections Market, by End-use Industry, 2023 - 2030 ( USD Billion)
- Chapter 8. Company Profiles
- 8.1 NXP Semiconductors
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Texas Instruments Incorporated
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Cisco
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 AT&T Intellectual Property
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Huawei Technologies Co. Ltd
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Intel Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Thales Group
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Vodafone Group
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Murata Manufacturing Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 U-blox
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Fanstel
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 CommSolid GmbH
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Afero.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Revogi
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Virscient Limited
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Deutsche Telekom AG
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Sierra Wireless
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 and T-Mobile USA
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 INC among others.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.1 NXP Semiconductors
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Machine-to-Machine (M2M) Connections Market attractiveness, By Technology
- 6. Global Machine-to-Machine (M2M) Connections Market attractiveness, By End-use Industry
- 7. Global Machine-to-Machine (M2M) Connections Market share by Technology, 2023 and 2030 ( USD Billion)
- 8. Global Machine-to-Machine (M2M) Connections Market by Wired, 2023 - 2030 ( USD Billion)
- 9. Global Machine-to-Machine (M2M) Connections Market by Wireless, 2023 - 2030 ( USD Billion)
- 10. Global Machine-to-Machine (M2M) Connections Market share by End-use Industry, 2023 and 2030 ( USD Billion)
- 11. Global Machine-to-Machine (M2M) Connections Market by Automotive & Transportation, 2023 - 2030 ( USD Billion)
- 12. Global Machine-to-Machine (M2M) Connections Market by Manufacturing, 2023 - 2030 ( USD Billion)
- 13. Global Machine-to-Machine (M2M) Connections Market by Healthcare, 2023 - 2030 ( USD Billion)
- 14. Global Machine-to-Machine (M2M) Connections Market by Consumer Electronics, 2023 - 2030 ( USD Billion)
- 15. Global Machine-to-Machine (M2M) Connections Market by Utilities, 2023 - 2030 ( USD Billion)
- 16. Global Machine-to-Machine (M2M) Connections Market by Retail, 2023 - 2030 ( USD Billion)
- 17. Global Machine-to-Machine (M2M) Connections Market by Security & Surveillance, 2023 - 2030 ( USD Billion)
- 18. Global Machine-to-Machine (M2M) Connections Market by Others, 2023 - 2030 ( USD Billion)
- 19. Global Machine-to-Machine (M2M) Connections Market share, by Region, 2023 and 2030
- 20. North America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 21. Europe Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 22. Asia Pacific Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 23. Latin America Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 24. The Middle-East and Africa Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
- 25. Machine-to-Machine (M2M) Connections Market, 2023 - 2030 ( USD Billion)
Table Of Tables
- 1. Global Machine-to-Machine (M2M) Connections Market: Snapshot
- 2. Drivers of the Machine-to-Machine (M2M) Connections Market: impact analysis
- 3. North America Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 4. North America Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 5. U.S. Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 6. U.S. Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 7. Canada Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 8. Canada Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 9. Europe Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 10. Europe Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 11. Germany Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 12. Germany Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 13. France Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 14. France Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 15. U.K. Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 16. U.K. Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 17. Italy Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 18. Italy Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 19. Spain Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 20. Spain Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 21. Rest of Europe Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 22. Rest of Europe Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 23. Asia Pacific Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 24. Asia Pacific Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 25. China Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 26. China Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 27. Japan Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 28. Japan Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 29. India Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 30. India Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 31. South Korea Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 32. South Korea Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 33. South-East Asia Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 34. South-East Asia Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 35. Rest of Asia Pacific Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 36. Rest of Asia Pacific Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 37. Latin America Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 38. Latin America Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 39. Brazil Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 40. Brazil Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 41. Mexico Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 42. Mexico Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 43. Rest of Latin America Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 44. Rest of Latin America Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 45. The Middle-East and Africa Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 46. The Middle-East and Africa Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 47. GCC Countries Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 48. GCC Countries Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 49. South Africa Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 50. South Africa Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 51. Rest of Middle-East Africa Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 52. Rest of Middle-East Africa Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
- 53. Machine-to-Machine (M2M) Connections Market revenue, By Technology, 2023 - 2030 ( USD Billion)
- 54. Machine-to-Machine (M2M) Connections Market revenue, By End-use Industry, 2023 - 2030 ( USD Billion)
Methodology
FrequentlyAsked Questions
Machine-to-Machine (M2M) connections refer to the communication and interaction between devices or machines without human intervention. It involves the exchange of data, commands, and instructions between interconnected machines, enabling them to collaborate and perform tasks autonomously.
The M2M Connections market is expanding as a result of the need for remote machine monitoring and control in sectors including healthcare, manufacturing, and transportation. The need for M2M connections is being driven by the expansion of smart city and smart transportation systems, since these systems necessitate real-time communication between devices and systems
According to the report, the global machine-to-machine connections market size was worth around USD 20.5 billion in 2022 and is predicted to grow to around USD 29.1 billion by 2030.
The global Machine-to-Machine (M2M) Connections market is expected to grow at a CAGR of 4.5% during the forecast period.
The global Machine-to-Machine (M2M) Connections market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the presence of key market players and rapid advancements in 5G infrastructure.
The global Machine-to-Machine (M2M) Connections market is dominated by players like NXP Semiconductors, Texas Instruments Incorporated, Cisco, AT&T Intellectual Property, Huawei Technologies Co., Ltd, Intel Corporation, Thales Group, Vodafone Group, Murata Manufacturing Co., Ltd., U-blox, Fanstel, CommSolid GmbH, Afero., Revogi, Virscient Limited, Deutsche Telekom AG, Sierra Wireless, and T-Mobile USA, INC among others.
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