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The global machine-to-machine (M2M) connections market grew at a CAGR of around 5% during 2015-2020. Machine-to-machine (M2M) connections automate the exchange of data or information between technical devices with minimal manual intervention. These connections operate via data endpoint (DEP), communication networks and data integration point (DIP), which assist in scheduling data transfers. They also help organizations monitor, control, and manage remote equipment or devices; address maintenance issues; restore functionality; and save costs. Consequently, they are combined with the Internet of Things (IoT) technology to serve various industry verticals.
Advancements in internet technology and widespread adoption of industrial automation are escalating the utilization of connected devices in various organizations. This represents one of the significant factors fueling the market growth. Moreover, the rising focus on energy management and preventing prolonged outages is promoting the adoption of smart measuring equipment like gas, water, and electricity meters. Their demand is further supported by increasing investments in the development of smart cities by governments of several countries, which, in turn, is contributing to the market growth. Furthermore, M2M connections are finding applications in e-health solutions to enable remote patient monitoring, reduce healthcare costs, and enhance the quality, efficiency, and flexibility of healthcare delivery. Apart from this, the growing popularity of autonomous vehicles and smart homes are influencing the market positively. The rising emphasis on online marketing and the global deployment of the fifth-generation (5G) capillary networks due to ubiquitous connectivity trends are among the other factors anticipated to drive the market. Looking forward, IMARC Group expects the global machine-to-machine (M2M) connections market to continue its moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global machine-to-machine (M2M) connections market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, connection type, technology and end use industry.
Breakup by Connection Type:
Breakup by Technology:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
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