According to a new market research report “Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), by Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, Others), and by Geography – Forecast to 2020“, published by MarketsandMarkets, the market size of global M2M Connections is expected to reach $35.16 Billion by 2020, at a CAGR of 11.57% between 2015 and 2020.
Machine-to-Machine (M2M) technologies consist of various wired and wireless technologies that enable different machines of the same type other than smartphones, tablets, and wearables among others to connect with each other. It can also be defined as ability of assets, devices, and machines to remotely operate, perform actions, and exchange information by communicating with each other, through wired or wireless mediums, and without human assistance. M2M has widespread industrial uses and is used extensively in the utilities sector for smart electricity distribution and conservation, in the automotive sector – through the use of telemetry technology in cars, and also in the healthcare sector – for telemedicine and remote patient monitoring among other uses.
This report segments the global Machine-to-Machine Connections Market on the basis of technology, industry vertical, and geography. The said market has been segmented based on technology into wired and wireless technology. Wireless technology has been segmented into short-range and cellular technologies. Short-range technology has further been divided into Bluetooth, ZigBee, and Wi-Fi and cellular technology has been segmented into 2G, 3G, and 4G.
Wi-Fi technology is expected to be the dominating technology during the forecast period, whereas ZigBee is presumed to grow the fastest due to high demand in utilities sector. Among cellular M2M connections, the highest number of connections is expected to be of 3G connectivity, followed by 2G and 4G connectivity. The 4G M2M connections are projected to grow at the fastest rate due to advantages offered by 4G such as high speed, better security, and others.
The global M2M connections market has been segmented based on industries into utilities, automotive & transportation, healthcare, and retail among others. Automotive & transportation followed by security & surveillance are expected to be the largest markets of M2M during the forecast period.
On the basis of geography, the market is segmented into Americas, Europe, APAC, and RoW. The region of Americas is currently the dominating market, but it is presumed that the APAC region would replace it by 2020.
Apart from the market statistics, the report also includes qualitative analysis such as value chain with detailed process flow diagrams; market dynamics such as drivers, restraints, and opportunities; winning imperatives; and industry trends for the global M2M connections market.
The report profiles the major players along with their SWOT analysis in the global M2M connections market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. Some of the major industry players in the said market are China Mobile (China), Telefonica (Spain), Deutsche Telekom (Germany), Gemalto (The Netherlands), Sierra Wireless (Canada), Telit PLC (U.K.), AT&T (U.S.), Vodafone (U.K.), Jasper Wireless Inc. (U.S.), Verizon (U.S.), and Intel (U.S.) among others.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.