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Market overview
The cellular M2M market size is projected to grow at a USD 27.0 billion with a Compound Annual Growth Rate (CAGR) of 20.43% during the forecast period 2022-2027
Key Players
The key players in the global cellular M2M market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include AT&T ( US ) , Verizon ( US ) , T-Mobile ( US ) , Deutsche Telekom ( Germany ) , Orange S.A. ( France ) , Telefonica ( Spain ) , Vodafone ( UK ) , Ericsson ( Sweden ) , Kore Wireless ( US ) , Aeris ( US ) , Arm holdings ( UK ) , China Mobile ( China ) , Infineon ( Germany ) , Thales Group ( France ) , Orbocomm ( US ) , Telit ( UK ) , Giesecke+Devrient ( Germany ) , Cubic Telecom ( Ireland ) , KPN ( Netherlands ) , A1 Digital ( Austria ) , SK Telecom ( South Korea ) , Rogers Communications ( Canada ) , Telenor Connexion ( Sweden ) , Truphone ( UK ) , and 1oT ( Estonia )
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Market Highlights
The global cellular M2M market has been segmented based on services , application , end user , organization size , and region.
Based on services , the cellular M2M market has been segmented into Connectivity services , Professional services, Managed services
Based on application , the cellular M2M market has been segmented into Asset tracking and monitoring, Predictive maintenance, Telemedicine, Fleet management , Warehouse management , Industrial automation , Smart meter , Others. Furthermore , the other segment is sub segmented into connected cars , point of sale ( POS ) , and digital signage
Based on end user , the cellular M2M market has been segmented into Healthcare, Energy and utilities, Transportation and logistics , Manufacturing , Others. Furthermore , the other segment is sub dived into Automotive and Retail
Based on Organization Size , the cellular M2M market has been segmented into Large Enterprises , Small and Medium Enterprises ( SMEs ))
Based on region , the cellular M2M market has been segmented into North America , Asia-Pacific , Europe , the Middle East & Africa , and South America
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Regional Analysis:
The global Cellular M2M market is expected to expand at an 72.00% CAGR during the forecast period, to reach 16,092.5 million by 2026. The geographic analysis of the Cellular M2M market has been conducted in North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region due to the faster adoption of innovative technologies in developed countries such as the US and Canada. The US accounted for the largest market share, followed by Canada and Mexico. This growth can be attributed to increasing acceptance of the cellular M2M in the business operations across various industries. The main factor driving the Cellular M2M market in this region is the strong presence of key industry players offering Cellular M2M solutions.
The European market has been segmented into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest regional market. The UK is projected to be the leading country-level market, while Germany is expected to register the highest growth over the review period. Growing need for data reliability and efficiency, embedded telecommunications in the region are boosting the market growth.
The market in Asia-Pacific is projected to register the fastest growth rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This share is attributable to increasing adoption of M2M value-added services to ensure vehicle safety and security of vehicles and drivers in small scale enterprises.
The Middle East & African and South American markets have started adopting these new connectivity technologies recently. The service providers and enterprises from manufacturing, government, and defense sectors in this region have started adopting this technology.
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