Machine-to-Machine (M2M) Connections Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Machine-to-Machine (M2M) Connections Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3177
Buy Now

Market Overview:

The global machine-to-machine (M2M) connections market size reached US$ 20.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028. The growing development of infrastructure in healthcare facilities, increasing demand for automation and effective predictive maintenance systems, and rising adoption of advanced medical devices for remote patient monitoring represent some of the key factors driving the market.

Machine-to-machine (M2M) connections refer to automated systems which involve machines or devices communicating with each other via a network without the manual assistance of humans. They comprise sensors, radio frequency identification (RFID), wireless fidelity (Wi-Fi) or cellular communications link, and autonomic computing software that is programmed to assist a network device in interpreting data and making decisions on its own. They translate data, which is capable of triggering preprogrammed and automated actions. They function by tapping into sensor data and transmitting it to a network and operating over data endpoint (DEP), communication networks, and data integration points (DIP). They help reduce costs by minimizing equipment maintenance and downtime. M2M connections also boost revenue by revealing new business opportunities for servicing products in the field. They improve customer service by proactively monitoring and servicing equipment before it malfunctions or when it is urgently needed. They are utilized in remote monitoring and integrated into warehouse management systems (WMS) and supply chain management (SCM). Furthermore, as M2M connections can send and receive small amounts of data continuously, their demand is increasing around the world.

Global Machine-to-Machine (M2M) Connections Market

Machine-to-Machine (M2M) Connections Market Trends:

At present, the rising demand for M2M connections, as they enable electronic appliances and other technologies to have real-time control of operations, represents one of the primary factors influencing the market positively. Besides this, there is a rise in the development of infrastructure and improvement of treatment and diagnosis methods to provide quality healthcare services to patients around the world. This, coupled with the growing adoption of advanced medical devices for remote patient monitoring purposes, is offering a favorable market outlook. In addition, the rising demand for automation and effective predictive maintenance systems in various industries to improve operational efficiency and collect real-time data is contributing to the growth of the market. Apart from this, the increasing utilization of various smart home appliances to complete household chores easily and have more control over the home environment, along with the rising installation of smart security systems to maximize home security, is propelling the growth of the market. Additionally, the growing usage of digital wallets and online payment platforms to make cashless transactions is catalyzing the demand for M2M connections.

Key Market Segmentation:

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 at the global, regional and country level from 2023-2028. Our report has categorized the market based on connection type, technology and end use industry.

Connection Type Insights:

  • Wired
  • Wireless
     

The report has provided a detailed breakup and analysis of the machine-to-machine (M2M) connections market based on the connection type. This includes wired and wireless. According to the report, wireless represented the largest segment.

Technology Insights:

  • Serial Connection
  • Power Line Connection
  • Cellular
  • Wi-Fi
  • Bluetooth
  • Others
     

A detailed breakup and analysis of the machine-to-machine (M2M) connections market based on the technology has also been provided in the report. This includes serial connection, power line connection, cellular, Wi-Fi, Bluetooth, and others. According to the report, cellular accounted for the largest market share.

End Use Industry Insights:

  • Automotive
  • Healthcare
  • Consumer Electronics
  • Transportation
  • Utilities
  • Retail
  • Others
     

A detailed breakup and analysis of the machine-to-machine (M2M) connections market based on the end use industry has also been provided in the report. This includes automotive, healthcare, consumer electronics, transportation, utilities, retail, and others. According to the report, automotive accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for machine-to-machine (M2M) connections. Some of the factors driving the North America machine-to-machine (M2M) connections market included the growing advancements in the medical sector, various technological advancements, rising automation of operations in warehouses, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global machine-to-machine (M2M) connections market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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., Vodafone Group Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Connection Type, Technology, End Use Industry, Region
Region Covered North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Countries Covered United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the machine-to-machine (M2M) connections market from 2017-2028.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global machine-to-machine (M2M) connections market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the machine-to-machine (M2M) connections industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global machine-to-machine (M2M) connections market was valued at US$ 20.3 Billion in 2022.

We expect the global machine-to-machine (M2M) connections market to exhibit a CAGR of 5.1% during 2023-2028.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for machine-to-machine (M2M) connections.

The widespread adoption of M2M connections to schedule data transfers, reduce costs by minimizing equipment maintenance and downtime, boost revenue by revealing new business opportunities for servicing products, etc., is primarily driving the global machine-to-machine (M2M) connections market.

Based on the connection type, the global machine-to-machine (M2M) connections market can be segmented into wired and wireless. Currently, wireless connections hold the majority of the total market share.

Based on the technology, the global machine-to-machine (M2M) connections market has been divided into serial connection, power line connection, cellular, Wi-Fi, Bluetooth, and others. Among these, cellular technology currently exhibits a clear dominance in the market.

Based on the end use industry, the global machine-to-machine (M2M) connections market can be bifurcated into automotive, healthcare, consumer electronics, transportation, utilities, retail, and others. Currently, the automotive industries account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global machine-to-machine (M2M) connections market include 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.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Machine-to-Machine (M2M) Connections Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Select License Type



Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More