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The US - Cellular M2M Connections Market size is estimated to grow at a CAGR of 19.03% between 2022 and 2027. The market size is forecast to increase by USD 5,400.96 million. The growth of the market depends on several factors, including the increasing demand for connected devices, the advancements in wireless communication technology, and government initiatives and regulations. The cellular M2M connections market in US is defined as the industry that offers wireless connectivity for machine-to-machine (M2M) communication using cellular networks. Without human interaction, machines, sensors, and devices may communicate and exchange data thanks to M2M connections. A few industries represented in this industry are healthcare, transportation, automotive, agriculture, energy, and utilities. M2M connections are employed in various sectors to monitor and manage equipment remotely, gather and analyze data, improve operational effectiveness, and support intelligent applications.
This US cellular m2m connections market report extensively covers market segmentation by service (connectivity services, professional services, and managed services), end-user (large enterprises and smes), and connectivity (wireless and wired). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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One of the key factors driving the US cellular M2M connections market growth is the increasing demand for connected devices. Some of the main factors fuelling the demand for connected devices which is fuelling the US cellular M2M connections market include the Internet of Things (IoT) implementation, Industry 4.0, smart homes and buildings, and healthcare applications. There is an increasing need for connected devices due to the significant adoption of IoT solutions across numerous industries.
As a result, several M2M connections are being utilized by businesses to facilitate real-time data transfer and automation, increasing productivity and efficiency. In addition, M2M connections are essential for the smooth operation of connected devices such as smart thermostats, security systems, and lighting control systems. Hence, such factors are positively impacting the US - cellular machine-to-machine (M2M) connections market. Therefore, it is expected to drive the US cellular m2m connections market growth during the forecast period.
A key factor shaping the US cellular M2M connections market growth is the increasing adoption of IoT devices. The increasing adoption of IoT devices is a primary trend in the US cellular M2M connections market. The Internet of Things (IoT) refers to a network of physically connected items and gadgets that communicate data over the Internet automatically. Some of the main gadgets include wearables, machines, cars, and other things with network connectivity embedded in them.
Moreover, some of the main factors that fuel the widespread adoption of IoT devices include industrial automation, smart home solutions, connected cars, and healthcare monitoring. There is an extensive use of IoT devices for process automation and optimization in industries including manufacturing, transportation, and agriculture. Hence, such factors are positively impacting the US - cellular machine-to-machine (M2M) connections market. Therefore, it is expected to drive the US cellular m2m connections market growth during the forecast period.
Poor network coverage is one of the key challenges hindering the US cellular M2M connections market growth. Network coverage is one of the main challenges faced by the US cellular M2M connections market. M2M which facilitates the Data transmission between devices and remote monitoring, control, and communication is highly dependent on extensive and dependable cellular access.
However, several remote locations in the US have poor or constrained cellular network coverage. As a result, it poses a significant hindrance to M2M applications that require connectivity in remote areas, including the agriculture, forestry, and oil and gas industries. Hence, such factors are negatively impacting the US - cellular machine-to-machine (M2M) connections market. Therefore, it is expected to hinder the US cellular m2m connections market growth during the forest period.
The connectivity services segment is estimated to witness significant growth during the forecast period. Cellular connectivity is essential in facilitating M2M communication by providing dependable and secure connections. Some of the main factors that are significantly contributing to the growth of the segment include the increased adoption of Internet of Things (IoT) technology, rising demand for connected devices, and the rollout of 5G networks.
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The connectivity services segment was the largest segment and was valued at USD 1,293.23 million in 2017. In addition, there is a significant transformation by IoT across several industries such as healthcare, automotive, agricultural, and industrial automation which increases the demand for reliable and scalable cellular M2M connections. Healthcare is one main industries in the US that is extensively using M2M connections. The main advantage of this connectivity is that it facilitates telemedicine, asset tracking, and remote patient monitoring, all of which improve productivity and patient outcomes. Hence, such applications are expected to fuel the growth of this segment which in turn will drive the US cellular m2m connections market growth during the forecast period.
The increasing demand for M2M connections in the large enterprise segment will increase the market growth. The large enterprise segment in the US cellular M2M connections market comprises organizations that have a sizable number of linked machines or devices for a variety of uses. There is an increasing use of numerous M2M applications in these businesses including those for fleet management, asset tracking, industrial automation, smart grids, remote monitoring, and healthcare. There is increasing adoption of M2M connections across large industries such as transportation, logistics, healthcare, manufacturing, utilities, and retail frequently in order to reorganize their operations, boost productivity, cut costs, and improve customer experiences. Hence, such factors are fuelling the growth of this segment which in turn will drive the US cellular m2m connections market growth during the forecast period.
The US cellular M2M connections market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
US Cellular M2M Connections Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aeris Communications Inc: The company offers cellular M2M connection such as reliable and flexible end to end CDMA and GSM M2M solutions for healthcare providers.
AT&T Inc. The company offers cellular M2M connection namely AT and T M2X that includes real time analytics, developer portal, and data security APIs among others.
Cisco Systems Inc: The company offers cellular M2M connection such as Cisco 819 4G LTE M2M gateway integrated service routers, which uses standards based Mobile IP features in Cisco IOS Software to host networks in motion.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The US cellular m2m connections market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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US Cellular M2M Connections Market Scope |
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Report Coverage |
Details |
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Page number |
145 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 19.03% |
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Market growth 2023-2027 |
USD 5,400.96 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
17.74 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aeris Communications Inc., Arm Ltd., AT and T Inc., Cisco Systems Inc., Cubic Telecom Ltd., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., KORE Group Holdings Inc., Orange SA, ORBCOMM Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Texas Instruments Inc., Thales Group, Verizon Communications Inc., Vodafone Group Plc, and UNICOM Global |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Market Segmentation by Connectivity
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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