Machine-to-machine (M2M) Connections Companies - China Mobile International Limited (China) and Vodafone Group Plc (UK) are the Key Players
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 machine-to-machine (M2M) connections market is growing due to increasing penetration of internet and IoT devices, increasing support by the government towards M2M connections, and the emergence of M2M devices in telemedicine. The lack of standardization in connectivity protocols, however, is anticipated to limit industry expansion.
Key players operating 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), and U-Blox Holding AG (Switzerland), among others. The introduction of new products and activities like partnerships and acquisitions are significant strategies used by leading companies to improve their product lines, grow their market shares, and strengthen their position in the industry.
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China Mobile International Limited (CMI) is a wholly-owned subsidiary of China Mobile. The Company offers voice, data, mobile, value added businesses, roaming, and internet data center services. CMI has expanded its footprint in 38 countries and in all major regions. China Mobile International Limited offers a wide range of services, including voice, data, mobile, value-added businesses, roaming, and internet data center services. China Mobile International Limited offers dedicated M2M SIM cards, cellular modules, SD-WAN for M2M, and comprehensive management platforms like iConnect M2M and the IoT Connectivity Management Platform.
Vodafone Group Plc is one of the world’s leading telecommunication groups and is a provider of telecommunications services. The company offers voice, messaging, and data services across fixed and mobile networks. It also offers cloud, insurance products, carriers, unified communications, payment, digital services, financial services, cybersecurity and IoT services. The company markets mobile phones, televisions, broadband devices, and VodafonePass. Vodafone serves automotive, consumer electronics, manufacturing, banking and finance, healthcare, public services, smart cities, retail, utilities, transportation, and logistics industries. Vodafone also provides carrier services, including fixed and mobile connectivity, as well as other services; machine-to-machine business solutions; tablets and smartphones; and telematics goods and services. Furthermore, the first worldwide cellular and satellite IoT managed connectivity solution is being provided by Vodafone IoT and Inmarsat. For IoT customers and partners, the partnership with Inmarsat, a top satellite communications provider, offers more flexibility and coverage. They can connect all of their assets under a single contract, saving time and money by avoiding the hassles and costs associated with multiple roaming agreements or juggling multiple connectivity providers.
Cisco Systems, Inc. develops a wide number of products including telecommunications equipment and networking hardware. It also provides services and delivers solutions to connect networks globally. It has a widespread presence globally and serves its customers through its numerous customer experience centers. The company offers routers, the most popular being the 800 series that provide support for M2M applications such as automated teller machines (ATMs), kiosks, digital signage, or remote branches. The company has two reportable business segments, namely, Product and Service. Further, it has grouped its products and technologies into the following categories – Switching, Next-Generation Network (NGN) Routing, Collaboration, Data Center, Wireless, Service Provider Video, Security, and Other Products. Additionally, the company also provides various service offerings including technical support services and advanced services.
Related Reports:
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
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