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The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G are expected to drive innovation in cellular M2M manufacturing, thus driving the market during the forecast period.

The global cellular M2M market is expected to grow from $11.79 billion in 2022 to $15.29 billion in 2023 at a compound annual growth rate (CAGR) of 29.7%. The cellular M2M market size is expected to grow to $36.47 billion in 2027 at a CAGR of 24.3%.

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Global Cellular M2M Market Segments Include:

• By Services:Connectivity Services, Professional Services, Managed Services
• By Organization Size:Large Enterprises, Small And Medium Enterprises (SMEs)
• By Application:Asset Tracking And Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Other Applications
• By End-User:Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cellular M2M market in 2021.

Major Market Players in the cellular M2M market include Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile, Telefonica S.A., Aeris, China Telecom, 10T, Arm Holdings, Infineon, Kore Wireless.

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 2020, Verizon Communications Inc., a US-based cellular M2M company, launched its new solution, Clover Flex, in partnership with Finserv, which is a mobile point-of-sale device that can enable touchless payments.

The Cellular M2M Global Market Report 2023  provides a cellular M2M market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cellular M2M market forecast analyzes cellular M2M market size, cellular M2M market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cellular M2M is the communication between any two devices from any location with enabled (subscriber identity module) SIM cards.

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