Data Bridge Market Research Provides new report "Machine-to-Machine (M2M) Connections Market is Projected to Grow at a CAGR of 4.78% by 2024".
The Global Machine-to-Machine (M2M) Connections Market, By Technology (Wired, Wireless), By Industry (Manufacturing, Consumer Applications, Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Machine-to-Machine (M2M) connects machine to mobile- mobile to mobile and finally mobile to machines. Thus, it plays a very important role in different industries such as manufacturing, logistics, transportation and healthcare.
The Machine-to-Machine (M2M) Connections Market accounted to USD 6.10 billion in 2016 growing at a CAGR of 4.78% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers and Restraints:
- Growing automotive industry
- Increasing need of connectivity without the need of human intervention
- Increasing demand of digital content
- Government initiatives
Competitive Analysis: Global Machine-to-Machine (M2M) Connections Market
Machine-to-Machine (M2M) Connections market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of Machine-to-Machine (M2M) Connections market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Machine-to-Machine (M2M) Connections Market
Some of the major players operating in Machine-to-Machine (M2M) Connections market are AT&T, Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., NXP Semiconductors N.V., Texas Instruments Incorporated, Telenor Group, Intel Corporation, U-blox Holding AG, Fanstel Corporation, Commsolid GmbH, Vodafone Group PLC, Murata Manufacturing Co., Ltd., Texas Instruments Incorporated, Afero, Inc., Deutsche Telekom AG, Gemalto NV,Verizon Communications, Inc., Telit Communications NTT Data among others.
Market Segmentation: Global Machine-to-Machine (M2M) Connections Market
On the basis of technology the machine to machine connections market is segmented into wired and wireless.
By industry the market is segmented into manufacturing, consumer applications, healthcare, utilities, retail, consumer electronics, automotive transportation, security and surveillance.
On the basis of geography, machine-to-machine (m2m) connections market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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