US - Cellular M2M Connections Market by Service, End-user and Connectivity - Forecast and Analysis 2023-2027

Published: Sep 2023

Pages: 145

SKU: IRTNTR76441

Snapshot

US - Cellular M2M Connections Market 2023-2027:

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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US Cellular M2M Connections Market Overview

Driver

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.

Trends

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.

Restrain

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.

US Cellular M2M Connections Market Segmentation By Service

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.

US Cellular M2M Connections Market Segmentation By End-user

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.

US Cellular M2M Connections Market Customer Landscape

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

Who are the Major US Cellular M2M Connections Market Companies?

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.

Segment Overview

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.

Service Outlook (USD Million, 2017 - 2027)
- Connectivity services
- Professional services
- Managed services
End-user Outlook (USD Million, 2017 - 2027)
- Large enterprises
- SMEs
Connectivity Outlook (USD Million, 2017 - 2027)
- Wireless
- Wired

US Cellular M2M Connections Market Scope
Report Coverage	Details
Page number	145
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.03%
Market growth 2023-2027	USD 5,400.96 million
Market structure	Fragmented
YoY growth 2022-2023(%)	17.74
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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
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.
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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What are the Key Data Covered in this US Cellular M2M Connections Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across the US
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Connectivity
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 14: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Cellular M2M connections market in US 2017 - 2021
- Exhibit 16: Historic Market Size – Data Table on cellular m2m connections market in US 2017 - 2021 ($ million)

4.2 Service Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Service Segment 2017 - 2021 ($ million)

4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 18: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.4 Connectivity Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Connectivity Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Service

6.1 Market segments
- Exhibit 27: Chart on Service - Market share 2022-2027 (%)
- Exhibit 28: Data Table on Service - Market share 2022-2027 (%)

6.2 Comparison by Service
- Exhibit 29: Chart on Comparison by Service
- Exhibit 30: Data Table on Comparison by Service

6.3 Connectivity services - Market size and forecast 2022-2027
- Exhibit 31: Chart on Connectivity services - Market size and forecast 2022-2027 ($ million)
- Exhibit 32: Data Table on Connectivity services - Market size and forecast 2022-2027 ($ million)
- Exhibit 33: Chart on Connectivity services - Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on Connectivity services - Year-over-year growth 2022-2027 (%)

6.4 Professional services - Market size and forecast 2022-2027
- Exhibit 35: Chart on Professional services - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Professional services - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Professional services - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Professional services - Year-over-year growth 2022-2027 (%)

6.5 Managed services - Market size and forecast 2022-2027
- Exhibit 39: Chart on Managed services - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Data Table on Managed services - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Chart on Managed services - Year-over-year growth 2022-2027 (%)
- Exhibit 42: Data Table on Managed services - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Service
- Exhibit 43: Market opportunity by Service ($ million)
- Exhibit 44: Data Table on Market opportunity by Service ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 45: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 46: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 47: Chart on Comparison by End-user
- Exhibit 48: Data Table on Comparison by End-user

7.3 Large enterprises - Market size and forecast 2022-2027
- Exhibit 49: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

7.4 SMEs - Market size and forecast 2022-2027
- Exhibit 53: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
- Exhibit 55: Chart on SMEs - Year-over-year growth 2022-2027 (%)
- Exhibit 56: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by End-user
- Exhibit 57: Market opportunity by End-user ($ million)
- Exhibit 58: Data Table on Market opportunity by End-user ($ million)

8 Market Segmentation by Connectivity

8.1 Market segments
- Exhibit 59: Chart on Connectivity - Market share 2022-2027 (%)
- Exhibit 60: Data Table on Connectivity - Market share 2022-2027 (%)

8.2 Comparison by Connectivity
- Exhibit 61: Chart on Comparison by Connectivity
- Exhibit 62: Data Table on Comparison by Connectivity

8.3 Wireless - Market size and forecast 2022-2027
- Exhibit 63: Chart on Wireless - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Wireless - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Wireless - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Wireless - Year-over-year growth 2022-2027 (%)

8.4 Wired - Market size and forecast 2022-2027
- Exhibit 67: Chart on Wired - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Wired - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Wired - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Wired - Year-over-year growth 2022-2027 (%)

8.5 Market opportunity by Connectivity
- Exhibit 71: Market opportunity by Connectivity ($ million)
- Exhibit 72: Data Table on Market opportunity by Connectivity ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 74: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 75: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 76: Overview on factors of disruption

11.4 Industry risks
- Exhibit 77: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 78: Vendors covered

12.2 Market positioning of vendors
- Exhibit 79: Matrix on vendor position and classification

12.3 Aeris Communications Inc.
- Exhibit 80: Aeris Communications Inc. - Overview
- Exhibit 81: Aeris Communications Inc. - Product / Service
- Exhibit 82: Aeris Communications Inc. - Key offerings

12.4 AT and T Inc.
- Exhibit 83: AT and T Inc. - Overview
- Exhibit 84: AT and T Inc. - Business segments
- Exhibit 85: AT and T Inc. - Key news
- Exhibit 86: AT and T Inc. - Key offerings
- Exhibit 87: AT and T Inc. - Segment focus

12.5 Cisco Systems Inc.
- Exhibit 88: Cisco Systems Inc. - Overview
- Exhibit 89: Cisco Systems Inc. - Business segments
- Exhibit 90: Cisco Systems Inc. - Key news
- Exhibit 91: Cisco Systems Inc. - Key offerings
- Exhibit 92: Cisco Systems Inc. - Segment focus

12.6 Deutsche Telekom AG
- Exhibit 93: Deutsche Telekom AG - Overview
- Exhibit 94: Deutsche Telekom AG - Business segments
- Exhibit 95: Deutsche Telekom AG - Key offerings
- Exhibit 96: Deutsche Telekom AG - Segment focus

12.7 Huawei Technologies Co. Ltd.
- Exhibit 97: Huawei Technologies Co. Ltd. - Overview
- Exhibit 98: Huawei Technologies Co. Ltd. - Business segments
- Exhibit 99: Huawei Technologies Co. Ltd. - Key news
- Exhibit 100: Huawei Technologies Co. Ltd. - Key offerings
- Exhibit 101: Huawei Technologies Co. Ltd. - Segment focus

12.8 Intel Corp.
- Exhibit 102: Intel Corp. - Overview
- Exhibit 103: Intel Corp. - Business segments
- Exhibit 104: Intel Corp. - Key news
- Exhibit 105: Intel Corp. - Key offerings
- Exhibit 106: Intel Corp. - Segment focus

12.9 KORE Group Holdings Inc.
- Exhibit 107: KORE Group Holdings Inc. - Overview
- Exhibit 108: KORE Group Holdings Inc. - Key offerings

12.10 Orange SA
- Exhibit 109: Orange SA - Overview
- Exhibit 110: Orange SA - Product / Service
- Exhibit 111: Orange SA - Key offerings

12.11 Semtech Corp.
- Exhibit 112: Semtech Corp. - Overview
- Exhibit 113: Semtech Corp. - Business segments
- Exhibit 114: Semtech Corp. - Key news
- Exhibit 115: Semtech Corp. - Key offerings
- Exhibit 116: Semtech Corp. - Segment focus

12.12 Telefonaktiebolaget LM Ericsson
- Exhibit 117: Telefonaktiebolaget LM Ericsson - Overview
- Exhibit 118: Telefonaktiebolaget LM Ericsson - Business segments
- Exhibit 119: Telefonaktiebolaget LM Ericsson - Key news
- Exhibit 120: Telefonaktiebolaget LM Ericsson - Key offerings
- Exhibit 121: Telefonaktiebolaget LM Ericsson - Segment focus

12.13 Telefonica SA
- Exhibit 122: Telefonica SA - Overview
- Exhibit 123: Telefonica SA - Business segments
- Exhibit 124: Telefonica SA - Key offerings
- Exhibit 125: Telefonica SA - Segment focus

12.14 Texas Instruments Inc.
- Exhibit 126: Texas Instruments Inc. - Overview
- Exhibit 127: Texas Instruments Inc. - Business segments
- Exhibit 128: Texas Instruments Inc. - Key news
- Exhibit 129: Texas Instruments Inc. - Key offerings
- Exhibit 130: Texas Instruments Inc. - Segment focus

12.15 Thales Group
- Exhibit 131: Thales Group - Overview
- Exhibit 132: Thales Group - Business segments
- Exhibit 133: Thales Group - Key news
- Exhibit 134: Thales Group - Key offerings
- Exhibit 135: Thales Group - Segment focus

12.16 Verizon Communications Inc.
- Exhibit 136: Verizon Communications Inc. - Overview
- Exhibit 137: Verizon Communications Inc. - Business segments
- Exhibit 138: Verizon Communications Inc. - Key offerings
- Exhibit 139: Verizon Communications Inc. - Segment focus

12.17 Vodafone Group Plc
- Exhibit 140: Vodafone Group Plc - Overview
- Exhibit 141: Vodafone Group Plc - Business segments
- Exhibit 142: Vodafone Group Plc - Key offerings
- Exhibit 143: Vodafone Group Plc - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources

13.5 List of abbreviations
- Exhibit 150: List of abbreviations

Methodology

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

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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