Machine-to-machine (M2M) Connections Market worth $5.3 billion units by 2029 - Exclusive Report by MarketsandMarkets™

Browse in-depth TOC on "Machine-to-machine (M2M) Connections Market" 120 – Tables
60 – Figures
200 – Pages

Machine Safety Market Machine-to-machine (M2M) Connections Market Report Scope:

The short range wireless technology machine-to-machine (M2M) connections segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.

The short-range segment is a significant market for machine-to-machine (M2M) connections. Short-range technologies have a larger number of connections than cellular because cellular wireless standards are mainly used for dubbing and aggregation purposes in applications such as hospitals, power plants, oil and gas refineries, retail stores, and smart appliances, while short-range modules are used for the distribution of the cellular network throughout that concerned area of application. Universal subscriber identity modules (USIMs) are not very suitable for application in M2M devices, which require modules with a higher level of resistance in severe environments, better robustness, and longer data retention. These attributes are available in Machine Identification Modules or M2M Identification Modules (MIM), which have been specifically developed for M2M applications. Unlike conventional SIMs, which are issued to general consumers, MIMs are used in machines communicating with each other. The high demand for these modules is indicative of the high growth of the cellular M2M connection market.

The Automotive & Transportation segment is expected to account for the largest share of the machine-to-machine (M2M) connections market in 2024.

The automotive & transportation segment accounted for the largest share of the machine-to-machine (M2M) connections market in 2024, and a similar trend is expected to be witnessed during the forecast period. The recent developments in automotive & transportation that are expected to drive the growth are: Public transportation, such as buses and trains, will transform through connectivity. Subway cars in New York City will be equipped with chargers, built-in Wi-Fi, and security cameras, according to the city's Metropolitan Transportation Authority. In June 2021, The European Union Funded the 5G-IANA project with over USD 7 million to develop an Automotive Open Experimental Platform (AOEP). The goal is to look into the market condition and identify opportunities for innovation and sustainable long-term development of 5G in the automotive sector.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=732

The Asia Pacific market is expected to witness the highest CAGR in the machine-to-machine (M2M) connections market during the forecast period.

Asia Pacific is projected to record the highest CAGR during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the machine-to-machine (M2M) connections industry in Asia Pacific. Asia Pacific has been ahead of other regions in terms of the adoption of M2M connections products and solutions. Continuous demand for cost-effective and highly efficient M2M connections from consumer electronics, utilities, healthcare, automotive & transportation, among other industries is expected to drive the growth of the M2M connections market in this region. Furthermore, many countries in the Asia-Pacific region, such as China and India, have been actively investing in smart city projects. M2M connections play a crucial role in creating connected and intelligent urban environments and addressing issues related to transportation, energy, and public services. For instance, the Indian government has announced a plan to develop 100 smart cities in India. All industries are seeing a boom phase in the commercialization of IoT, particularly in Asia Pacific's developing nations. As a hub for significant investments and business expansion, the region has gained international attention. The high production and consumption of electronic devices in Asia Pacific are likely to drive significant growth in the area.

Key players

Key players in the machine-to-machine (M2M) connections companies include AT&T Intellectual Property (US), Cisco Systems, Inc. (US), Huawei Technologies (China), NXP Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (US), Intel Corporation (US), China Mobile International Limited (China), Thales (France), Vodafone Group Plc (UK), Murata Manufacturing Co., Ltd. (Japan), U-Blox Holding AG (Switzerland), and among others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=732

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Cellular M2M Market by Service (Connectivity, Professional, and Managed), Application (Asset Tracking and Monitoring, Predictive Maintenance, Telemedicine, and Fleet Management), End User, Organization Size, and Region - Global Forecast to 2025

Wireless Connectivity Market by Connectivity (Wi-Fi, Bluetooth Classic, Bluetooth 4X, Bluetooth 5X, ZigBee, Z-Wave, UWB, NFC, Thread, GNSS, Cellular, EnOcean, Sigfox, LoRa, LTE Cat-M1, NB-IoT), End-use and Region - Global Forecast to 2027

U.S. Machine-to-Machine (M2M) Connections Market by Technology (Wired and Wireless), Industry Verticals (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, and Others) - Forecast to 2020

IoT Chip Market Size, Share by Hardware (Processor, Connectivity IC, Sensor, Memory Device and Logic Device), Power Consumption, End-use Application (Wearable Devices, Consumer Electronics, Building Automation and Retail) and Region - Global Forecast to 2025

Wi-Fi Chipset Market by IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smarthome, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/machine-to-machine-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/machine-to-machine1.asp

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/machine-to-machine-m2m-connections-market-worth-5-3-billion-units-by-2029---exclusive-report-by-marketsandmarkets-302057862.html