Machine-to-machine (M2M) Connections Market

Machine-to-machine (M2M) Connections Market by Technology (Wired, Wireless), End-user Industry (Automotive & Transportation, Utilities, Security & Surveillance, Healthcare, Retail, Consumer Electronics) and Region - Global Forecast to 2029

Report Code: SE 1194 Jan, 2024, by marketsandmarkets.com

[226 Pages Report] According to MarketsandMarkets, the machine-to-machine (M2M) connections market is projected to grow from USD 2.9 billion units in 2024 to USD 5.3 billion units by 2029, registering a CAGR of 12.7% during the forecast period. The growing popularity of smart cities and connected cars, the development of wireless technologies such as 5G, NB-IoT, and LTE-M, and increasing penetration of machine-to-machine (M2M) connections in advanced & portable healthcare equipment are expected to propel the machine-to-machine (M2M) connections market in the next five years. However, a lack of standardization in connectivity protocols will likely pose challenges for industry players.

The objective of the report is to define, describe, and forecast the machine-to-machine (M2M) connections market based on technology, end-user industry, and region.

Machine-to-machine (M2M) Connections Market

Machine-to-machine (M2M) Connections Market

Machine-to-machine (M2M) Connections Market Forecast to 2029

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Machine-to-machine (M2M) connections market dynamics.

Driver:  Growing popularity of smart cities and connected cars

The IoT infrastructure deployed by smart cities is required to handle devices and objects connected via different connectivity methods. Many cities are now seeking to expand the use of IoT to improve services such as waste management, water management and quality, and energy consumption in public buildings. The rising adoption of smart technologies in smart connected solutions has created new business opportunities for cellular M2M connections. IoT offers smart productive features and enhanced efficiency by providing connectivity among various household things using the Internet. Telecom service providers offer reliable connectivity solutions to various IoT applications. Cellular M2M communications play a critical role in the adoption and growth of distribution automation applications. It provides a reliable, easily available, and cost-effective network solution that enables enterprises to effectively support distribution automation applications. With improved penetration of cellular technologies such as 2G, 3 G, 4G/LTE, and 5G in technologically advancing countries, there is an increased need among end users to deploy distributed applications for improved load balancing, flexible pricing, and remote management. The adoption of autonomous driving is likely to increase in the coming years as driver assistance systems, such as adaptive cruise control, lane keep assist and parking assist, are likely to become more sophisticated. Many technology giants such as Google (US) and major car manufacturers such as Daimler (Germany), BMW (Germany), Volkswagen (Germany), Audi (Germany), Tesla (US), and Volvo (Sweden) are expected to launch fully automated cars by 2025. Therefore, the growth of the said market would further contribute to the growth opportunity for M2M technology-based solutions which form an integral component of self-driving cars.

Restraint: Lack of standardization in connectivity protocols

The growth of the M2M connections market largely depends on the development of specialized solutions for different application clusters such as security, transportation, healthcare, and automotive. These solutions need customizable hardware and software, which, in turn, entails higher costs for development, operation, and support. Due to the lack of standards, there is a demand for highly customer-specific applications that involve labor-intensive development by highly specialized integrators and developers. The low number of specialized developers and the high cost of employing them restrict the growth of this market.

Opportunities: Emergence of M2M devices in Telemedicine

Healthcare's M2M adoption, sometimes called telehealth/telemedicine, is the use of medical devices and communication technology together to monitor diseases and symptoms. Telemedicine in the M2M economy also enables continuous and remote patient monitoring, leading to better healthcare outcomes. Wearable devices equipped with M2M technology, such as smartwatches or fitness trackers, can collect real-time data on vital signs, sleep patterns, and physical activity. This information can be transmitted to healthcare providers, who can then analyze it to detect any abnormalities or trends. By monitoring patients remotely, healthcare professionals can identify potential issues early on and intervene proactively, ultimately improving patient care. The adoption of modern technologies, like telemedicine apps, virtual hospitals, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), is growing quickly. Applications built with machine learning algorithms can aid in the identification of rare diseases, cancer, and other chronic illnesses. Moreover, growing consumer demand for technologically sophisticated technologies that enable remote patient monitoring would support market expansion. For example, AMC Health and GE Healthcare inked a cooperative agreement in October 2022 to provide virtual care in home care settings.

Challenges: Privacy and security

M2M can be defined as a subset of Internet of Things (IoT), and it faces challenges similar to the latter. The privacy and security of data is one of the key challenges that IoT/M2M may face in the near future. As the number of M2M connections increases, the data generated by them would also increase, and organizations handling this data could gain more knowledge about the market position of different companies spread across end-user industries. Organizations handling the information generated by the M2M connections can misuse the data to determine respective companies’ business strategies and production schedules, or can hack and take control of the machines and shut them down. From an industry standpoint, this is a cause for major concern.

Market Map/Ecosystem

Machine-to-machine (M2M) Connections Market by Ecosystem

Machine-to-machine (M2M) connections Market: Key Trends.

The prominent players in the machine-to-machine (M2M) connections industry are 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), and U-Blox Holding AG (Switzerland), and among others. These companies boast mixing trends with a comprehensive product portfolio and strong geographic footprint.

Non-cellular wireless technology machine-to-machine (M2M) connections are expected to grow at the highest CARG in the machine-to-machine (M2M) connections market during the forecast period.

The non-cellular machine-to-machine (M2M) connections segment is expected to account for a significant share and grow at the highest CAGR during the forecast period. Non-cellular M2M connection technology encompasses a diverse range of solutions for machine-to-machine communication without relying on traditional cellular networks. These technologies offer alternative ways for devices to connect and exchange data, catering to various needs and application requirements. The cellular technologies covered in this section include Sigfox and LoRa.

The healthcare segment is expected to hold the second highest CAGR of the machine-to-machine (M2M) connections market during the forecast period.

The healthcare segment is expected to witness for the second highest CAGR during the forecast period. The rising use of M2M (Machine-to-Machine) devices in telemedicine is creating exciting opportunities for the M2M connections market. This trend involves seamless communication between medical devices and healthcare systems, enabling remote monitoring, data collection, and even automated interventions, which benefit both patients and healthcare providers. The adoption of modern technologies, like telemedicine apps, virtual hospitals, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT), is growing quickly.

The machine-to-machine (M2M) connections market is expected to have a high market share in China from the Asia Pacific region during the forecast period.

The Asia Pacific region continues to be a significant market for machine-to-machine (M2M) connections. The adoption of machine-to-machine (M2M) connection products and solutions has been more rapid in Asia Pacific than in other regions. A major industrial center, the Asia Pacific area is also a developing and significant market for a number of other industries. Some of the major factors supporting the growth of the M2M connections market in the Asia Pacific are the expanding Internet's penetration into both commercial and residential areas, as well as the region's large consumer base, rising disposable income, and developing IT infrastructure. It is anticipated that the Internet of Things is currently in its boom phase in terms of commercialization and convergence across all industries, particularly in Asia Pacific's growing economies. Large-scale investments and commercial expansion prospects are increasingly being drawn to the region from around the world. Because of the region's high levels of electronic device manufacture and consumption, Asia Pacific is predicted to experience significant growth. The adoption of new technologies and improvements in businesses across many industries is changing dynamically.

China was at the forefront of the M2M connections market in Asia Pacific in 2023 and is likely to continue its dominance during the forecast period, in terms of market size. The country’s aggressively developing economy contributes to the growth of the M2M connections market. Growing demand from the automotive & transportation sector will be one of the key drivers for the growth of the market in China. Moreover, increasing product development by various companies is also driving the market growth. In 2019, Sunsea AIoT partnered with China Telecom to install over 500,000 NB-IoT sensors for monitors, five hydrant water pressure sensors, and gas and smoke detectors.

Machine-to-machine (M2M) Connections Market
 by Region

Machine-to-machine (M2M) Connections Market by Region

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Key Market Players

Major vendors 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 (US), China Mobile International Limited (China), Thales (France), Vodafone Group Plc (UK), Murata Manufacturing Co., Ltd. (Japan), and U-Blox Holding AG (Switzerland), and among others.

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Scope of the Report

Report Metric

Details

Estimated Value

USD 2.9 billion units

Expected Value 

USD 5.3 billion units

Growth Rate

CAGR of 12.7%

Market Size Available for Years

2020–2029

Base Year

2023

Forecast Period

2024–2029

Units

Value (USD Million/USD Billion), Volume (Million Units)

Segments Covered

Technology, End-user Industry, and Region

Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

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.
A total of 25 players are profiled in the report.

Machine-to-machine (M2M) Connections Market Highlights

This report categorizes the machine-to-machine (M2M) connections market based on technology, end-user industry, and region.

Segment

Subsegment

By Technology

  • Wired
    • Ethernet
    • Modbus
    • Profinet
    • Foundation Fieldbus
  • Wireless
    • Short-range Wireless Communications
      • Wi-Fi
      • Bluetooth & Bluetooth
    •  Long Range Wireless Communications
      • Cellular Network
        • Third Generation (3G) & Below
        • Fourth Generation (4G)/Long-Term Evolution (LTE)
        • Fifth Generation (5G)
        • NB-IoT
      • Non-Cellular
        • Sigfox
        • LoRa

By End-User Industry

  • Healthcare
  • Consumer Electronics
  • Automotive & Transportation
  • Utilities
  • Retail
  • Security & Surveillance
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • RoW
    • South America
    • GCC
    • Rest of the Middle East & Africa

Recent Developments

  • In January 2024, Intel Corporation (US) set up an independent company offering enterprises a full-stack, vertically-optimized and secure generative artificial intelligence (genAI) software platform. With help from investment firm DigitalBridge, Intel has formed Articul8 to deliver AI capabilities that keep user data, training and inference within the enterprise security perimeter. The platform also provides the choice of cloud, on-premises or hybrid deployment.
  • In August 2023, Huawei and Ericsson signed a long-term cross-licensing agreement that includes patents relating to a broad range of technology areas, including those covering 3G, 4G, and 5G cellular networks.
  • In April 2023, Texas Instruments Incorporated introduced a new SimpleLink family of Wi-Fi 6 companion integrated circuits (ICs) to help designers implement highly reliable, secure and efficient Wi-Fi connections at an affordable price for applications that operate in high-density or high-temperature environments up to 105ºC.

Frequently Asked Questions(FAQs):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
    1.5 CURRENCY CONSIDERED 
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT ANALYSIS
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviewees
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Breakdown of primary interviews
           2.1.3 PRIMARY AND SECONDARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Approach to estimate market size using bottom-up analysis (demand-side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market share using top-down analysis (supply-side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           2.4.1 ASSUMPTIONS FOR RECESSION IMPACT ANALYSIS
    2.5 RESEARCH LIMITATIONS 
    2.6 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 6 WIRELESS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
    FIGURE 7 CONSUMER ELECTRONICS TO BE DOMINANT SEGMENT (2024–2029)
    FIGURE 8 NORTH AMERICA TO BE LARGEST MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET 
           FIGURE 9 GROWING ADOPTION OF 4G AND 5G NETWORKS TO DRIVE MARKET
    4.2 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY WIRELESS TECHNOLOGY 
           FIGURE 10 LONG-RANGE COMMUNICATION TO LEAD MARKET DURING FORECAST PERIOD
    4.3 NORTH AMERICAN MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER AND COUNTRY 
           FIGURE 11 AUTOMOTIVE AND TRANSPORTATION AND US HELD LARGEST SHARES OF NORTH AMERICAN MARKET IN 2023
    4.4 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY 
           FIGURE 12 JAPAN TO BE FASTEST-GROWING COUNTRY DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 13 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET DYNAMICS
           5.2.1 DRIVERS
                    FIGURE 14 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: IMPACT ANALYSIS OF DRIVERS
                    5.2.1.1 Increasing penetration of internet
                               FIGURE 15 INTERNET PENETRATION RATE, BY REGION, MARCH 2022
                    5.2.1.2 Rising government support for M2M connections
                    5.2.1.3 Growing popularity of smart cities and connected cars
                    5.2.1.4 Rapid development of wireless technologies
           5.2.2 RESTRAINTS
                    FIGURE 16 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: IMPACT ANALYSIS OF RESTRAINTS
                    5.2.2.1 Lack of standardization in connectivity protocols
           5.2.3 OPPORTUNITIES
                    FIGURE 17 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
                    5.2.3.1 Increasing adoption of cloud platforms and big data analytics
                    5.2.3.2 Integration of M2M devices in telemedicine
           5.2.4 CHALLENGES
                    FIGURE 18 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: IMPACT ANALYSIS OF CHALLENGES
                    5.2.4.1 Privacy and security constraints
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 19 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM MAPPING 
           TABLE 1 ROLE OF COMPANIES IN ECOSYSTEM
    5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 20 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY MODULE
                    TABLE 2 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY MODULE, 2023
                    FIGURE 21 AVERAGE SELLING PRICE TREND, BY TECHNOLOGY MODULE, 2020–2023
                    FIGURE 22 AVERAGE SELLING PRICE TREND FOR WI-FI AND BLUETOOTH MODULES, BY KEY PLAYER
                    TABLE 3 AVERAGE SELLING PRICE TREND FOR WI-FI AND BLUETOOTH MODULES, BY KEY PLAYER (USD)
           5.6.2 AVERAGE SELLING PRICE TREND, BY REGION
                    FIGURE 23 AVERAGE SELLING PRICE TREND, BY REGION
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 5G M2M CONNECTIONS
           5.7.2 ESIM FOR M2M COMMUNICATION
    5.8 CASE STUDY ANALYSIS 
           5.8.1 MULTI-CARRIER NETWORKS
           5.8.2 REAL-TIME EQUIPMENT PERFORMANCE DATA
           5.8.3 M2M CONNECTIONS FOR FLEET MANAGEMENT
    5.9 PATENT ANALYSIS 
           FIGURE 24 PATENT ANALYSIS
           TABLE 4 TOP 20 PATENT OWNERS IN LAST 10 YEARS
           TABLE 5 PATENT ANALYSIS
    5.10 TRADE DATA ANALYSIS 
           FIGURE 25 IMPORT DATA FOR HS CODE 851762, BY COUNTRY, 2018–2022 (USD THOUSAND)
           FIGURE 26 EXPORT DATA FOR HS CODE 851762, BY COUNTRY, 2018–2022 (USD THOUSAND)
    5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
           5.11.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA, BY END USER
                    TABLE 7 KEY BUYING CRITERIA, BY END USER
    5.12 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
           TABLE 8 IMPACT OF PORTER’S FIVE FORCES
           5.12.1 THREAT OF SUBSTITUTES
           5.12.2 THREAT OF NEW ENTRANTS
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 KEY CONFERENCES AND EVENTS 
           TABLE 9 KEY CONFERENCES AND EVENTS, 2024–2025
    5.14 TARIFF AND REGULATORY LANDSCAPE 
           5.14.1 TARIFFS ON M2M CONNECTIONS
                    TABLE 10 MFN TARIFF FOR HS CODE 851762: COMPLIANT PRODUCTS EXPORTED BY US
                    TABLE 11 MFN TARIFF FOR HS CODE 851762: COMPLIANT PRODUCTS EXPORTED BY CHINA
           5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.3 REGULATORY STANDARDS FOR M2M CONNECTIONS
                    TABLE 16 NORTH AMERICA: SAFETY STANDARDS FOR MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET
                    TABLE 17 EUROPE: SAFETY STANDARDS FOR MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET
                    TABLE 18 ASIA PACIFIC: SAFETY STANDARDS FOR MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET
                    TABLE 19 REST OF THE WORLD: SAFETY STANDARDS FOR MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET
 
6 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY (Page No. - 83)
    6.1 INTRODUCTION 
           FIGURE 30 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY
           TABLE 20 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY VALUE AND VOLUME, 2020–2023
           TABLE 21 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY VALUE AND VOLUME, 2024–2029
           FIGURE 31 WIRELESS SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 22 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 23 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
    6.2 WIRED 
           TABLE 24 WIRED: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 25 WIRED: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           TABLE 26 WIRED: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 27 WIRED: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           6.2.1 ETHERNET
                    6.2.1.1 Ability to interconnect various automation systems to drive market
           6.2.2 MODBUS
                    6.2.2.1 Growing adoption of TCP/IP version to drive market
           6.2.3 PROFINET
                    6.2.3.1 Infrastructure and building automation applications to drive market
           6.2.4 FOUNDATION FIELDBUS
                    6.2.4.1 Improved speed, flexibility, and integration with IT systems to drive market
    6.3 WIRELESS 
           FIGURE 32 LONG-RANGE COMMUNICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 28 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TYPE, 2020–2023 (MILLION UNITS)
           TABLE 29 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TYPE, 2024–2029 (MILLION UNITS)
           TABLE 30 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 31 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           TABLE 32 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 33 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           6.3.1 SHORT-RANGE COMMUNICATION
                    6.3.1.1 Wi-Fi
                               6.3.1.1.1 Easy accessibility on smartphones, digital cameras, personal computers, and digital audio players to drive market
                    6.3.1.2 Bluetooth and ZigBee
                               6.3.1.2.1 Expanding consumer electronics industry to drive market
                                            FIGURE 33 WI-FI SEGMENT TO ACQUIRE HIGHEST MARKET SHARE DURING FORECAST PERIOD
                                            TABLE 34 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY SHORT-RANGE COMMUNICATION, 2020–2023 (MILLION UNITS)
                                            TABLE 35 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY SHORT-RANGE COMMUNICATION, 2024–2029 (MILLION UNITS)
           6.3.2 LONG-RANGE COMMUNICATION
                    FIGURE 34 CELLULAR NETWORK TO LEAD MARKET DURING FORECAST PERIOD
                    TABLE 36 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY LONG-RANGE COMMUNICATION, 2020–2023 (MILLION UNITS)
                    TABLE 37 WIRELESS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY LONG-RANGE COMMUNICATION, 2024–2029 (MILLION UNITS)
                    6.3.2.1 Cellular network
                               TABLE 38 LONG-RANGE COMMUNICATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY CELLULAR NETWORK, 2020–2023 (MILLION UNITS)
                               TABLE 39 LONG-RANGE COMMUNICATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY CELLULAR NETWORK, 2024–2029 (MILLION UNITS)
                               6.3.2.1.1 Third Generation (3G) and Below
                               6.3.2.1.2 Fourth Generation (4G)/Long-Term Evolution (LTE)
                               6.3.2.1.3 Fifth Generation (5G)
                               6.3.2.1.4 NarrowBand Internet of Things (NB-IoT)
                    6.3.2.2 Non-cellular Network
                               TABLE 40 LONG-RANGE COMMUNICATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY NON-CELLULAR NETWORK, 2020–2023 (MILLION UNITS)
                               TABLE 41 LONG-RANGE COMMUNICATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY NON-CELLULAR NETWORK, 2024–2029 (MILLION UNITS)
                               6.3.2.2.1 SigFox
                               6.3.2.2.2 LoRa
 
7 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER (Page No. - 101)
    7.1 INTRODUCTION 
           FIGURE 35 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER
           FIGURE 36 AUTOMOTIVE AND TRANSPORTATION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 42 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 43 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
    7.2 HEALTHCARE 
           TABLE 44 HEALTHCARE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 45 HEALTHCARE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 46 HEALTHCARE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 47 HEALTHCARE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.2.1 PATIENT MONITORING SYSTEMS
                    7.2.1.1 Blood pressure monitors
                               7.2.1.1.1 Rise in cardiovascular and chronic diseases to drive market
                    7.2.1.2 Blood glucose meters
                               7.2.1.2.1 Growing demand for home testing to drive market
                    7.2.1.3 Multi-parameter monitors
                               7.2.1.3.1 Trend of tracking disease progression to drive market
           7.2.2 FALL DETECTORS
                    7.2.2.1 Key role in emergency assistance to drive market
           7.2.3 SMART PILL DISPENSERS
                    7.2.3.1 Ability to assist in medication regimen to drive market
           7.2.4 TELEMEDICINE
                    7.2.4.1 Online medical consultations and ePrescriptions to drive market
    7.3 UTILITIES 
           TABLE 48 UTILITIES: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 49 UTILITIES: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 50 UTILITIES: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 51 UTILITIES: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.3.1 SMART GRIDS
                    7.3.1.1 Growing demand for efficient electricity distribution to drive market
           7.3.2 SMART METERS
                    7.3.2.1 Need for power consumption measurement to drive market
    7.4 AUTOMOTIVE AND TRANSPORTATION 
           TABLE 52 AUTOMOTIVE AND TRANSPORTATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 53 AUTOMOTIVE AND TRANSPORTATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 54 AUTOMOTIVE AND TRANSPORTATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 55 AUTOMOTIVE AND TRANSPORTATION: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.4.1 TELEMATICS
                    7.4.1.1 Growing adoption of in-vehicle infotainment systems to drive market
           7.4.2 FLEET TRACKING/MONITORING
                    7.4.2.1 Need for improved productivity and enhanced safety of employees and assets to drive market
    7.5 RETAIL 
           TABLE 56 RETAIL: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 57 RETAIL: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 58 RETAIL: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 59 RETAIL: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.5.1 INTELLIGENT VENDING MACHINES
                    7.5.1.1 Digital advertising and consumer gesture recognition trends to drive market
           7.5.2 CONTACTLESS CHECKOUT/POS
                    7.5.2.1 Rising integration of mobile payment and mobile devices to drive market
           7.5.3 DIGITAL SIGNAGE
                    7.5.3.1 Virtual product trials to drive market
    7.6 CONSUMER ELECTRONICS 
           TABLE 60 CONSUMER ELECTRONICS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 61 CONSUMER ELECTRONICS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 62 CONSUMER ELECTRONICS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 63 CONSUMER ELECTRONICS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.6.1 SMART TV
                    7.6.1.1 Affordable prices and improved functions to drive market
           7.6.2 SMART APPLIANCES
                    7.6.2.1 Smart refrigerators
                               7.6.2.1.1 Wi-Fi and NFC connectivity to drive market
                    7.6.2.2 Smart washing machines
                               7.6.2.2.1 Increasing demand for advanced home and professional appliances to drive market
                    7.6.2.3 Other smart appliances
                               7.6.2.3.1 Smart ovens
                               7.6.2.3.2 Smart cooktops
    7.7 SECURITY & SURVEILLANCE 
           TABLE 64 SECURITY & SURVEILLANCE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 65 SECURITY & SURVEILLANCE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 66 SECURITY & SURVEILLANCE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 67 SECURITY & SURVEILLANCE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.7.1 COMMERCIAL AND RESIDENTIAL SECURITY
                    7.7.1.1 Increased criminal and fraudulent activities to drive market
           7.7.2 REMOTE SURVEILLANCE
                    7.7.2.1 Growing applications in critical decision making during natural disasters to drive market
    7.8 OTHER END USERS 
           TABLE 68 OTHER END USERS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 69 OTHER END USERS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 70 OTHER END USERS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 71 OTHER END USERS: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           7.8.1 OIL & GAS
           7.8.2 AGRICULTURE
 
8 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION (Page No. - 123)
    8.1 INTRODUCTION 
           FIGURE 37 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION
           FIGURE 38 ASIA PACIFIC TO BE FASTEST-GROWING REGION DURING FORECAST PERIOD
           TABLE 72 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 73 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
    8.2 NORTH AMERICA 
           FIGURE 39 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET SNAPSHOT
           TABLE 74 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2020–2023 (MILLION UNITS)
           TABLE 75 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2024–2029 (MILLION UNITS)
           TABLE 76 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 77 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           TABLE 78 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 79 NORTH AMERICA: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           8.2.1 US
                    8.2.1.1 Presence of prominent IoT and M2M companies to drive market
           8.2.2 CANADA
                    8.2.2.1 Spectrum auctions for 5G meters to drive market
           8.2.3 MEXICO
                    8.2.3.1 Mexico Conectado program to drive market
           8.2.4 NORTH AMERICA: RECESSION IMPACT ANALYSIS
    8.3 EUROPE 
           FIGURE 40 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET SNAPSHOT
           TABLE 80 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2020–2023 (MILLION UNITS)
           TABLE 81 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2024–2029 (MILLION UNITS)
           TABLE 82 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 83 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           TABLE 84 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 85 EUROPE: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           8.3.1 UK
                    8.3.1.1 UK Digital Strategy to drive market
           8.3.2 GERMANY
                    8.3.2.1 Industry 4.0 principles to drive market
           8.3.3 FRANCE
                    8.3.3.1 Increasing R&D investments in industrial sector to drive market
           8.3.4 REST OF EUROPE
           8.3.5 EUROPE: RECESSION IMPACT ANALYSIS
    8.4 ASIA PACIFIC 
           FIGURE 41 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET SNAPSHOT
           TABLE 86 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2020–2023 (MILLION UNITS)
           TABLE 87 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY COUNTRY, 2024–2029 (MILLION UNITS)
           TABLE 88 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 89 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           TABLE 90 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 91 ASIA PACIFIC: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           8.4.1 CHINA
                    8.4.1.1 Rapid development of 5G factories, data centers, and industrial internet platforms to drive market
           8.4.2 JAPAN
                    8.4.2.1 Rise in sustainable green buildings to drive market
           8.4.3 SOUTH KOREA
                    8.4.3.1 Smart city initiatives to drive market
           8.4.4 REST OF ASIA PACIFIC
           8.4.5 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
    8.5 REST OF THE WORLD 
           TABLE 92 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 93 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY REGION, 2024–2029 (MILLION UNITS)
           TABLE 94 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2020–2023 (MILLION UNITS)
           TABLE 95 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY TECHNOLOGY, 2024–2029 (MILLION UNITS)
           TABLE 96 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2020–2023 (MILLION UNITS)
           TABLE 97 REST OF THE WORLD: MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET, BY END USER, 2024–2029 (MILLION UNITS)
           8.5.1 SOUTH AMERICA
                    8.5.1.1 Growing adoption of 4G and 5G to drive market
           8.5.2 GCC
                    8.5.2.1 Surge in smart grid projects to drive market
           8.5.3 REST OF MIDDLE EAST & AFRICA
 
9 COMPETITIVE LANDSCAPE (Page No. - 145)
    9.1 OVERVIEW 
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS 
           TABLE 98 STRATEGIES ADOPTED BY KEY PLAYERS
           9.2.1 PRODUCT PORTFOLIO
           9.2.2 REGIONAL FOCUS
           9.2.3 ORGANIC/INORGANIC GROWTH STRATEGIES
    9.3 MARKET SHARE ANALYSIS 
           FIGURE 42 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022
           TABLE 99 DEGREE OF COMPETITION
    9.4 REVENUE ANALYSIS 
           FIGURE 43 REVENUE ANALYSIS OF MARKET PLAYERS, 2018–2022
    9.5 COMPANY EVALUATION MATRIX 
           9.5.1 STARS
           9.5.2 EMERGING LEADERS
           9.5.3 PERVASIVE PLAYERS
           9.5.4 PARTICIPANTS
                    FIGURE 44 COMPANY EVALUATION MATRIX, 2022
           9.5.5 COMPANY FOOTPRINT
                    TABLE 100 COMPANY FOOTPRINT
                    TABLE 101 END USER FOOTPRINT
                    TABLE 102 REGION FOOTPRINT
    9.6 STARTUP/SME EVALUATION MATRIX 
           9.6.1 PROGRESSIVE COMPANIES
           9.6.2 RESPONSIVE COMPANIES
           9.6.3 DYNAMIC COMPANIES
           9.6.4 STARTING BLOCKS
                    FIGURE 45 STARTUP/SME EVALUATION MATRIX, 2022
           9.6.5 COMPETITIVE BENCHMARKING
                    TABLE 103 KEY STARTUPS/SMES
                    TABLE 104 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    9.7 COMPETITIVE SCENARIO 
           9.7.1 PRODUCT LAUNCHES
                    TABLE 105 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: PRODUCT LAUNCHES, JANUARY 2022–OCTOBER 2023
           9.7.2 DEALS
                    TABLE 106 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: DEALS, SEPTEMBER 2022–DECEMBER 2023
           9.7.3 OTHER DEVELOPMENTS
                    TABLE 107 MACHINE-TO-MACHINE (M2M) CONNECTIONS MARKET: OTHER DEVELOPMENTS, JANUARY 2024
 
10 COMPANY PROFILES (Page No. - 162)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     10.1 KEY PLAYERS 
             10.1.1 AT&T INTELLECTUAL PROPERTY
                        TABLE 108 AT&T INTELLECTUAL PROPERTY: COMPANY OVERVIEW
                        FIGURE 46 AT&T INTELLECTUAL PROPERTY: COMPANY SNAPSHOT
                        TABLE 109 AT&T INTELLECTUAL PROPERTY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.2 TEXAS INSTRUMENTS INCORPORATED
                        TABLE 110 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
                        FIGURE 47 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
                        TABLE 111 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 112 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
             10.1.3 CHINA MOBILE INTERNATIONAL LIMITED
                        TABLE 113 CHINA MOBILE INTERNATIONAL LIMITED: COMPANY OVERVIEW
                        TABLE 114 CHINA MOBILE INTERNATIONAL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 115 CHINA MOBILE INTERNATIONAL LIMITED: DEALS
             10.1.4 VODAFONE LIMITED
                        TABLE 116 VODAFONE LIMITED: COMPANY OVERVIEW
                        FIGURE 48 VODAFONE LIMITED: COMPANY SNAPSHOT
                        TABLE 117 VODAFONE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 118 VODAFONE LIMITED: PRODUCT LAUNCHES
                        TABLE 119 VODAFONE LIMITED: DEALS
             10.1.5 CISCO SYSTEMS, INC.
                        TABLE 120 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
                        FIGURE 49 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
                        TABLE 121 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             10.1.6 HUAWEI TECHNOLOGIES CO., LTD.
                        TABLE 122 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
                        FIGURE 50 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
                        TABLE 123 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 124 HUAWEI TECHNOLOGIES CO., LTD.: DEALS
             10.1.7 NXP SEMICONDUCTORS
                        TABLE 125 NXP SEMICONDUCTORS: COMPANY OVERVIEW
                        FIGURE 51 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
                        TABLE 126 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 127 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
             10.1.8 INTEL CORPORATION
                        TABLE 128 INTEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 52 INTEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 129 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 130 INTEL CORPORATION: EXPANSIONS
             10.1.9 THALES
                        TABLE 131 THALES: COMPANY OVERVIEW
                        FIGURE 53 THALES: COMPANY SNAPSHOT
                        TABLE 132 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 133 THALES: DEALS
             10.1.10 MURATA MANUFACTURING CO., LTD.
                        TABLE 134 MURATA MANUFACTURING CO., LTD.: COMPANY OVERVIEW
                        FIGURE 54 MURATA MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
                        TABLE 135 MURATA MANUFACTURING CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 136 MURATA MANUFACTURING CO., LTD.: PRODUCT LAUNCHES
                        TABLE 137 MURATA MANUFACTURING CO., LTD.: DEALS
             10.1.11 U-BLOX
                        TABLE 138 U-BLOX: COMPANY OVERVIEW
                        FIGURE 55 U-BLOX: COMPANY SNAPSHOT
                        TABLE 139 U-BLOX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 140 U-BLOX: PRODUCT LAUNCHES
                        TABLE 141 U-BLOX: DEALS
     10.2 OTHER PLAYERS 
             10.2.1 FANSTEL CORP.
                        TABLE 142 FANSTEL CORP.: COMPANY OVERVIEW
             10.2.2 COMMSOLID GMBH
                        TABLE 143 COMMSOLID GMBH: COMPANY OVERVIEW
             10.2.3 AFERO
                        TABLE 144 AFERO: COMPANY OVERVIEW
             10.2.4 VIRSCIENT
                        TABLE 145 VIRSCIENT: COMPANY OVERVIEW
             10.2.5 KORE WIRELESS GROUP
                        TABLE 146 KORE WIRELESS GROUP: COMPANY OVERVIEW
             10.2.6 ROGERS COMMUNICATIONS INC.
                        TABLE 147 ROGERS COMMUNICATIONS INC.: COMPANY OVERVIEW
             10.2.7 VERIZON COMMUNICATIONS INC.
                        TABLE 148 VERIZON COMMUNICATIONS INC.: COMPANY OVERVIEW
             10.2.8 SINGAPORE TELECOMMUNICATIONS LIMITED
                        TABLE 149 SINGAPORE TELECOMMUNICATIONS LIMITED: COMPANY OVERVIEW
             10.2.9 TELEFÓNICA SA
                        TABLE 150 TELEFÓNICA SA: COMPANY OVERVIEW
             10.2.10 SIERRA WIRELESS
                        TABLE 151 SIERRA WIRELESS: COMPANY OVERVIEW
             10.2.11 ORANGE SA
                        TABLE 152 ORANGE SA: COMPANY OVERVIEW
             10.2.12 PARALLEL WIRELESS
                        TABLE 153 PARALLEL WIRELESS: COMPANY OVERVIEW
             10.2.13 AERIS
                        TABLE 154 AERIS: COMPANY OVERVIEW
             10.2.14 TELENOR GROUP
                        TABLE 155 TELENOR GROUP: COMPANY OVERVIEW
             10.2.15 VERTICAL M2M
                        TABLE 156 VERTICAL M2M: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
11 APPENDIX (Page No. - 219)
     11.1 DISCUSSION GUIDE 
     11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     11.3 CUSTOMIZATION OPTIONS 
     11.4 RELATED REPORTS 
     11.5 AUTHOR DETAILS 

 

The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the machine-to-machine (M2M) connections market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the machine-to-machine (M2M) connections market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the machine-to-machine (M2M) connections market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers; machine-to-machine (M2M) connections products-related journals; certified publications; articles by recognized authors; directories; and databases.

Secondary research was conducted to obtain key information about the industry supply chain, market value chain, key players, market classification and segmentation as per industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and key executives from major companies in the machine-to-machine (M2M) connections market.

After going through market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.

Machine-to-machine (M2M) Connections Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the machine-to-machine (M2M) connections market.

The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Machine-to-machine (M2M) connections market: Bottom-up Approach

Machine-to-machine (M2M) Connections Market
 Size, and Bottom-up Approach

Machine-to-machine (M2M) connections market: Top-down Approach

Machine-to-machine (M2M) Connections Market
 Size, and Top-down Approach

Data Triangulation

After arriving at the overall size of the machine-to-machine (M2M) connections market from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, the market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using top-down and bottom-up approaches.

Market Definition

The definition of Machine-to-Machine (M2M) connections for this report is as follows: “the 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 can also be defined as “Technologies that allow two or more machines of the same type other than smartphones, tablets, and wearables to communicate with each other through wired or wireless connectivity.”

Machine-to-machine (M2M) refers to all forms of technologies that enable communication between two or more machines of the same type (other than smartphones, tablets, and wearables) through wired or wireless connections. The growing connectivity among edge devices such as smart appliances, medical devices, and white goods has transformed the way in which technology affects humans in almost every sphere of activity. Since the advent of network automation and cellular communication, M2M has been used in telemetry, automation, and supervisory control and data acquisition (SCADA).

Key Stakeholders

  • Raw material and manufacturing equipment suppliers
  • Semiconductor wafer vendors
  • Telecom operators
  • Application providers
  • Foundry players
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODM) and OEM technology solution providers
  • Distributors and retailers
  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Technology investors

Report Objectives

  • To define, describe, and forecast the M2M connections market based on technology, end-user industry, and region.
  • To forecast the sizes of various segments with respect to four major regions—
    North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide a detailed analysis of the M2M connections supply chain.
  • To analyze the impact of the recession on M2M connections market
  • To strategically analyze the micromarkets1 with respect to individual growth trends and prospects and their contributions to the total market
  • To analyze competitive developments such as expansions, agreements, partnerships, acquisitions, product developments, and research and development (R&D) in the M2M connections market
  • To analyze the opportunities for market players and provide details of the competitive landscape of the market.
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy excellence and strength of product portfolios.
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with a detailed competitive landscape of the market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product analysis

  • Detailed analysis and profiling of additional market players

The following customization options are available for the report:

  • Market sizing and forecast for additional countries
  • Additional five companies profiling
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 1194
Published ON
Jan, 2024
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