Global Machine-to-Machine (M2M) Connections Market – Overview
The concept of machine of machine learning has evolved rapidly in the past few years greatly, so as to include different domains. Market Research Future which concentrates on market reports linked to the electronics and semiconductors sector amongst others recently made available a report on this sector. The Machine-To-Machine Connections Market worldwide is expected to demonstrate revenue growth at USD $ 27.05 Billion by the year 2023 while growing at 9.9 per cent CAGR between the years 2017 to 2023.
Increasing remote monitoring applications have increased the scope and growth potential of the market significantly. Growing emphasis on automation has led to further development of the machine to machine connections market. Emphasis of the machine to machine learning concept has also increased due to development of the market for internet of things.
The study indicates that the short range technology is dominating M2M connections. In 2017, it has been observed that about 73% of M2M devices is connected by short-range technologies, mostly WiFi. The wireless wide area network connections will grow from 750 million at the end of 2017 to 2.6 billion in 2023. The most important WWAN sector is automotive including pay-as-you-drive insurance, eCall and security and tracking. At the end of 2017, the M2M accounted for 15% of cellular connections and by 2023, this will reach 22%.
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Global Competitive Analysis
The main players in the market for machine to machine learning sector include Vodafone Group PLC (UK), Telit Communications (UK), Gemalto N.V. (Netherlands), Texas Instruments Incorporated (US), U-blox Holding AG (Switzerland), and Verizon Communications, Inc. (U.S) among others.
The Machine-to-Machine (M2M) Connections market worldwide has been divided into the category of product, technology, end users and region.
By Product: routers, wireless beacons, IoT & M2M modems, modules mobile point of sale and others.
By Technology: Short Range, Ethernet, Wired Technologies, Industrial, Cellular Network, Wireless Technologies and Others
By End-User: Automotive & Transportation, government and defense, Security & Surveillance, Consumer Electronics, Retail, Healthcare, Utilities and Others
By Region: Asia Pacific, North America, Europe and Rest of the World (ROW)
Detailed Regional Analysis
The analysis on the basis of region of the Machine-to-Machine connections sector includes region such as North America, Asia Pacific, Europe and Rest of the World. In the North American market, it has been estimated that 65 per cent of M2M service revenue is contributed for by the service wrap and 35 per cent by the provision of connectivity. Though, the main portion of the revenue comes from service enablement with the remnants coming from the delivery of basic short range connectivity. Meanwhile in the European market, the operators such as Deutsche Telekom and Vodafone are already witnessing a respectable rate of success in the connected health market, and it is expected to be the leading region in the duration of the forecast period.
- Machine-to-Machine (M2M) Connections device manufacturers
- Technology Providers of Machine-to-Machine Systems
- Technical Universities
- Research Institutes and Organizations
- Component Suppliers
- Machine-to-Machine Equipment Manufacturers
- Suppliers and Distributors of Machine-to-Machine (M2M) Connections
- Standardization and Testing Firms
- Raw material and manufacturing equipment suppliers
- Semiconductor wafer vendors
- Telecom operators
- Application providers
- Safety equipment manufacturers
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