Overview of the global cellular M2M connections and services market
Technavio’s market research analysts predict the global cellular M2M connections market to grow at a high CAGR of around 30% by 2020. Also, they have predicted the global cellular M2M services market to grow at an impressive CAGR of more than 33% during the forecast period. M2M services play a critical role in the improvement of supply chain processes such as inventory level monitoring, fleet tracking, event-based monitoring, and inventory condition monitoring. M2M services allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles through real-time updates about cargo shipments. Growing adoption of M2M in tackling supply chain challenges will propel growth in this market during the forecast period.
One of the interesting trends gaining traction in this market is the M2M platform consolidation. M2M platform consolidation solutions offer a single and intuitive management platform for all M2M services and solutions. Moreover, the solutions help in the close monitoring of each service to improve the integration between solutions. As the M2M platform consolidation solutions accelerate the development of new M2M solutions, this will enhance the growth prospects of the market in the coming years.
Segmentation by industry and analysis of cellular M2M connections and services market
- Consumer electronics
- Automotive
- Transport & Logistics
- Healthcare
- Energy and Utilities
- Manufacturing
As per this market research report, the analysts have estimated that the energy and utilities segment will be the fastest-growing segment in the cellular M2M connections and services market by 2020. The incorporation of M2M technology in the utilities will help improve efficiency, prevent losses, save energy, and upgrade the overall market performance. Also, the deployment of intelligent grid management and smart meters will augment the market growth rate of this segment during the predicted period.
Geographical segmentation and analysis of cellular M2M connections and services market
The Americas is the largest revenue contributing region in the cellular M2M services market and is expected to grow at a CAGR of more than 35% until 2020. The large-scale deployment of LTE network infrastructure is propelling the cellular M2M services market in the Americas. Factors such as the implementation of remote monitoring and fleet management solutions will contribute to the market’s growth in this region over the next four years.
Competitive landscape and key vendors
The M2M industry is highly fragmented and has several providers under various categories. The leading vendors and the new players are focusing on M2M services in different sectors due to the high adoption of POS terminals, ATMs, vending machines, and smart meters by government agencies, retailers, financial institutions, and enterprises. Competition in this market is expected to intensify due to the entry of new players who are offering innovative M2M and cloud-based platforms.
Key vendors in the market include -
- AT&T
- China Telecom
- EE
- Sprint
- Verizon Communications
The other prominent vendors in the global cellular M2M connections and services market are Aeris Communications, Amdocs, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Jasper Technologies, Kore Wireless Group, Novatel Wireless, Orange Business Services, PTC, Rogers Communications, Sierra Wireless, Tech Mahindra, Telefonica, Telit, u-blox, Wipro and Wyless Group
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global cellular M2M connections and services market?
- What are the key market trends impacting the growth of the global cellular M2M connections and services market?
- What are the challenges to market growth?
- Who are the key vendors in the global cellular M2M connections and services market?
- What are the market opportunities and threats faced by the vendors in the global cellular M2M connections and services market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global cellular M2M connections and services market?
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Related reports
Mobile machine-to-machine (M2M) module is a chip that is embedded in smart devices and enables data transmission and communication between different electronic devices. The mobile M2M module is used for two classes of interconnections, namely short-range and wide-area interconnections. CDMA, 3G, 2G, and 4G/LTE networks are used in cellular M2M connections to establish connections between various electronic devices. It can also be utilized in industries like automotive, healthcare, retail, transport and logistics, manufacturing, energy and utilities, and consumer electronics. Furthermore, cellular M2M connections are widely used for video surveillance, remote diagnostics of vehicles, fleet management, asset tracking, theft recovery, and POS.
The report, global cellular M2M connections and services market, is part of Technavio’s ICT research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automatic identification system, cloud computing, data center, enterprise application, IT security, ITO and BPO, and product lifecycle management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.