Machine-to-machine (M2M) Connections Market

Machine-to-machine (M2M) Connections Industry worth $5.3 billion units by 2029

The report "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" 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 market growth is attributed to increasing support by the government towards M2M connections and the growing popularity of smart cities and connected cars. Furthermore, the emergence of M2M devices in telemedicine is expected to create lucrative opportunities for the market.

Browse 156 market data Tables and 55 Figures spread through 226 Pages and in-depth TOC on "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"
View detailed Table of Content here -

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.

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 market 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 market 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.

Don’t miss out on business opportunities in Machine-to-machine (M2M) Connections Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

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.

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 TwitterLinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Machine-to-machine (M2M) Connections Market Size,  Share & Growth Report
Report Code
SE 1194
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Machine-to-machine (M2M) Connections Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets