Machine-to-Machine (M2M) Connections Market

Market Leader - Machine-to-Machine (M2M) Connections Market

The machine-to-machine (M2M) technology facilitates the linkage of information and communication technologies (ICT) with communication devices to enable the effective interaction with the information systems of the companies or organizations without human intervention. The M2M connections market is expected to be worth USD 27.62 billion by 2023, growing at a CAGR of 4.6% from 2017 to 2023. The number of machine to machine connections was 1.47 Billion in 2016 and is projected to reach 3.00 Billion connections by 2023. The growing penetration of the Internet, especially in the technologically advancing countries in APAC and Africa is fueling the growth of the M2M connections market. Favorable government regulations such as the implementation of emergency call (eCall) in Europe, growing adoption of new connectivity technologies such as 4G/LTE and NB-IoT, and increasing M2M connections among new verticals are further driving the growth of the M2M connections market.

The M2M connections market is gaining momentum as of result of organic as well as inorganic growth strategies followed by the players operating in this market. Product launches is among the most prominent growth strategies adopted by the players in the M2M connections market. Moreover, the strategy of collaborations and partnerships is also adopted by the companies in the market. The key players following these as their key growth strategies are AT&T, Inc. (US), Intel Corporation (US), Huawei Technologies Co. Ltd. (China), NXP Semiconductors N.V. (Netherlands), and U-Blox Holding AG (Switzerland).

AT&T Inc. (US) was an important player in the M2M connections market in 2016. The company provides various M2M solutions such as M2X, Cargo Tracking, and Smart Grid Solutions for various applications such as real-time container tracking, fleet management, industrial automation, farming, well head monitoring, digital signage, and building automation. Alongside this, the company has strong foothold in the US and is now expanding its reach in new markets by entering into partnerships and collaborations with the domestic companies. For instance, in February 2017, AT&T collaborated with China Mobile Communications Corporation (China) to help the former’s customers to connect and deploy their assets in the Chinese market and work together for the development of IoT. As a part of this collaboration, AT&T and China Mobile are expected to develop a new tech platform that will help AT&Ts business customers to use China Mobiles local service.

Gemalto is among the key players involved in the development of M2M modules. Over the years, the company has extended its product portfolio in M2M capabilities and solutions. Gemalto’s M2M modules and terminals are capable of offering almost all types of cellular technologies such as CDMA, GSM, EDGE, GPRS, HSDPA, UMTS, and LTE. In recent years, Gemalto has launched a significant number of products to further improve its position in the M2M connections market. For instance, in February 2017, Gemalto successfully demonstrated the ability of its On-Demand Connectivity (ODC) solution to support the remote provisioning of a wide range of eSIM vendors, mobile network operators, and subscription management platforms in M2M applications.

Related Reports:

Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance), and Geography - Global Forecast to 2023

Mr. Rohan
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Report Code
SE 1194
Published ON
Jul, 2017
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