M2M market analyzes all types of connectivity technologies that enables communication between multiple machines, through wired or wireless connections.
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The smart beacon market is expected to be valued at USD 1,363.6 million in 2017 and is likely to reach USD 19,805.5 million by 2023, at a CAGR of 56.2% between 2017 and 2023. The growing adoption of smartphones and the increasing focus on business intelligence to gain competitive advantage are driving the growth of the market. The report profiles the key players in the smart beacon market. The competitive landscape of the market presents an interesting picture of the strategies adopted by these players to grow in the market. Some of the key players in this market are Estimote (US), Aruba (A Hewlett Packard Enterprise Company) (US), Kontakt.io (Poland), Cisco (US), Bluvision (An HID Global Company) (US), Onyx Beacon (Romania), Leantegra (US), Gimbal (US), Accent Systems (Spain), Swirl Networks (US), Sensoro (US), JAALEE Technology (China), Beaconinside (Germany), Blesh (US), and BlueUp (Italy).
The global precision forestry market is expected to grow from USD 3,540.3 million in 2025 to USD 4,701.7 million by 2030, at a compound annual growth rate (CAGR) of 5.8% during the forecast period. The Key Players Deere & Company (US), Ponsse Oyj (Finland), Komatsu Ltd. (Japan), Trimble Inc. (US), Caterpillar Inc. (US), Topcon Corporation (US), Rottne (Sweden), Sampo-Rosenlew Oy (Finland), Tigercat International Inc. (Canada), Eco Log (Sweden), Treemetrics (Ireland), Hitachi Construction Machinery Co., Ltd. (Japan), Insight Robotics (US), Kesla (Finland), Husqvarna AB (Sweden), Astec Industries, Inc. (US), NV5 Geospatial Solutions, Inc. (US), Bobcat Company (US), Oregon Tool, Inc. (US), ArborPro (US), Field Truth Inc. (US), Satpalda (India), Treevia Forest Technologies (Brazil), AB Volvo (Sweden), and Stora Enso (Finland).
The IoT technology market is expected to grow from USD 959.30 billion in 2025 to USD 1,148.62 billion by 2030, at a compound annual growth rate (CAGR) of 3.7% during the forecast period. The Key Players Intel Corporation (US), Qualcomm (US), Texas Instruments Incorporated (US), Cisco Systems, Inc. (US), Hewlett Packard Enterprise (US), IBM (US), STMicroelectronics (Switzerland), Microsoft, PTC Inc. (US), and Amazon Web Services (US).
The agriculture IoT market is expected to grow from USD 8.86 billion in 2025 to USD 12.61 billion by 2030, at a compound annual growth rate (CAGR) of 7.3% during the forecast period. The Key Players Deere & Company (US), AGCO Corporation (US), Raven Industries (US), DeLaval (Sweden), Merck & Co., Inc. (US, Akva Group (Western Norway), KUBOTA Corporation (Japan), Topcon (US), ScaleAQ (Norway), and Innovasea Systems Inc. (US).
The global speech and voice recognition market is expected to grow from USD 9.66 billion in 2025 to USD 23.11 billion by 2030, at a compound annual growth rate (CAGR) of 19.1% during the forecast period. The Key Players Apple Inc (US), Microsoft (US), IBM (US), Alphabet (US), Amazon (US), Baidu (China), Verint Systems Inc. (US), iFlytek Co., Ltd. (China), and Speechmatics (UK).
The smart irrigation market is expected to grow from USD 1.59 billion in 2025 to USD 2.65 billion by 2030, at a compound annual growth rate (CAGR) of 10.8% during the forecast period. The Key Players The Toro Company (US), Rain Bird Corporation (US), HUNTER INDUSTRIES INC. (US), NETAFIM (Israel), HydroPoint (US), Manna Irrigation Ltd. (Israel), Stevens Water Monitoring Systems Inc. (US), Galcon (Israel), Rachio inc. (US), and Weathermatic (US).
The industrial IoT market is expected to grow from USD 194.4 billion in 2024 to USD 286.3 billion by 2029, at a compound annual growth rate (CAGR) of 8.1% during the forecast period.The key players ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), Huawei Technologies Co., Ltd. (China), Rockwell Automation (US), Arm Limited (UK), PTC (US), Dassault Systèmes (France), IBM (US), Robert Bosch GmbH (Germany), NEC Corporation (Japan), ANSYS, Inc. (US), Worldsensing (Spain), Arundo (Norway), Software AG (Germany).
The IoT Node and Gateway market is expected to grow from USD 424.6 billion in 2024 to USD 604.7 billion by 2029, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key players Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US).
The wearable AI market is expected to grow from USD 62.7 billion in 2024 to USD 138.5 billion by 2029, at a compound annual growth rate (CAGR) of 17.2% during the forecast period.The key players Apple Inc. (US), SAMSUNG (South Korea), Alphabet Inc. (US), Microsoft (US), Meta (US), Lenovo (US), Garmin Ltd. (US), Amazon.com, Inc. (US), Xiaomi (China), and OPPO (China).
The machine-to-machine (M2M) connections market is expected to grow from USD 2.9 billion units in 2024 to USD 5.3 billion units by 2029, at a compound annual growth rate (CAGR) of 12.7% during the forecast period.The key players 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).
The Body Area Network Market is expected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024, at a CAGR of 11.7% during the forecast period. Apple Inc. (US), Fitbit (US), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (US), Fossil Group, Inc. (US), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Casio Computer Co., Ltd. (Japan), LG Electronics Inc. (South Korea), Medtronic plc (US), Bragi (Germany), Polar Electro Oy (Finland), Mobvoi Information Technology Company Limited (China), GOQii (US), Suunto Oy (Finland), Withings (France), AsusTek Computer Inc. (Taiwan), Abbott Laboratories (US), Huami Corporation (China), and Matrix Industries (US) are among a few major players in the body area network market.
According to the forecast provided by MarketsandMarkets, the overall connected car market registered a shipment of 5.1 Million units in 2015 and is expected to reach 37.7 Million units by 2022, at a CAGR of 35.54% between 2016 and 2022. The growth of this market is driven by government mandates on telematics applications, implementations of intelligent transportation system (ITS), rapid urbanization, and increasing demand for usage-based insurance (UBI).
IOT is increasingly demanding more evolved devices from the semiconductor industry, with long lasting battery technologies, low power consumption, and the ability to accurately process and store data at lower costs. The report segments IoT in transportation into six different segments such as component, products & software services, verticals, solutions, application, and geography. The IoT in transportation market is expected to reach $143.93 billion by 2020 at an estimated CAGR of 8.95% from 2014 to 2020. Africa is the leading region in the overall IoT in transportation market, followed by Asia-Pacific (APAC) and the Middle East.