The Road Ahead for the Cellular M2M Market: Key Growth Trends and Opportunities to Watch
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What CAGR is Anticipated for the Cellular M2M Market During the Forecast Period, and Why?
The size of the cellular M2M market has seen a significant increase in the past years. Experts predict it will rise from $17.51 billion in 2024 to $21.54 billion in 2025, boasting a compound annual growth rate (CAGR) of 23.0%. The considerable growth witnessed in previous years can be credited to factors like expanding connectivity needs, the surge in demand for industrial automation, the progress in fleet management, the growing need for energy management, and the rising number of smart cities.
In the coming years, the cellular M2M market size is anticipated to witness a significant surge. It is projected to reach a value of $53.03 billion by 2029, with a compound annual growth rate (CAGR) of 25.3%. This surge during the forecast period is credited to several factors including evolving healthcare applications, growth in healthcare infrastructure, rise in government investments for research and development, a growing demand for smart farming, and the rising implementation of 5g technology. The forecast period will also see trends such as the amplification of IoT, an increased focus on edge computing, industrial automation, formation of strategic alliances, and launching of innovative products.
Which Drivers Are Expected to Have the Greatest Impact on the cellular m2m Market’s Growth?
The surge in the cellular M2M market is projected to be fuelled by the adoption of high-speed internet and connectivity technologies, including 4G and 5G, within the forecast period. Industries across the board are increasingly tapping into wireless networking for customer interaction and to enhance operational agility. Cellular networks facilitate M2M communications over wide area networks (WANs). With the significant improvement in speed and dependability, 5G is anticipated to substantially influence M2M. For instance, 5G Americas, a trade association based in the US, representing major telecom companies and services, reported that global 5G wireless network connections escalated by 76 percent, totalling 1.05 billion, between the close of 2021 and 2022. Hence, the incorporation of high-speed internet and connectivity technologies, such as 4G and 5G, is expected to propel the growth of the cellular M2M market.
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Which Companies Are Poised to Shape the Future of the Cellular M2M Market?
Major companies operating in the cellular m2m market include:
• Deutsche Telekom AG
• AT&T Inc.
• Verizon Communications Inc.
• China Mobile Limited.
• Telefonica S.A.
What Are the Latest Innovations and Trends Influencing the Cellular M2M Market?
Key players in the cellular M2M market are innovating to support uninterrupted connectivity and boost machine-to-machine transactions. Their mission is to heighten network effectiveness, scalability, and dependability, fostering superior data transfer between devices in multiple sectors, like automotive, healthcare, and logistics. For instance, in February 2022, T-Mobile and Deutsche Telekom, Germany’s mobile telecom firms, launched T-IoT, a specialized solution for IoT connection administration, platform management, and assistance. This service equips businesses to handle international links across 188 sites and 383 networks, intensifying global connectivity for M2M uses.
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Which Key Segments of the Cellular M2M Market Are Poised for Growth and Innovation?
The cellular m2m market covered in this report is segmented –
1) By Services: Connectivity Services, Professional Services, Managed Services
2) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Application: Asset Tracking And Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Other Applications
4) By End-User: Healthcare, Energy And Utilities, Transportation And Logistics, Manufacturing, Other End-Users
Subsegments:
1) By Connectivity Services: Cellular Network Connectivity, SIM Card Management Services, Data Plans and Billing Services
2) By Professional Services: Consulting Services, Integration Services, Training and Support Services
3) By Managed Services: Device Management Services, Application Management Services, Network Management Services
What Regions Are Contributing Significantly to the Growth of the Cellular M2M Market?
North America was the largest region in the cellular M2M market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the cellular m2m market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Key Elements Shape the Definition of the Cellular M2M Market?
Cellular M2M is the communication between any two devices from any location with enabled (subscriber identity module) SIM cards. The purpose of Cellular M2M (Machine-to-Machine) communication is to enable devices or machines to exchange data and communicate with each other through cellular networks without the need for human intervention.
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