Global M2M Services Market to Grow at CAGR of 31% Through 2024
Dublin, Ireland, December 17, 2020--Research and Markets has been monitoring the machine to machine (M2M) services market and it is poised to grow by US$ 131.33 Billion during 2020-2024 progressing at a CAGR of 31% during the forecast period. The report on machine to machine (M2M) services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven rising demand for improved M2M data communication and adoption of M2M in supply chain management. In addition, rising demand for improved M2M data communication is anticipated to boost the growth of the market as well.
The machine to machine (M2M) services market analysis includes the technology segment, end-user segment and geographical landscapes.
The machine to machine (M2M) services market is segmented as below:
By Technology
- Cellular
- Satellite
By End-user
- Consumer electronics
- Healthcare
- Automotive
- Energy and utility
- Other end-users
By Geographical Landscapes
- North America
- Europe
- APAC
- South America
- MEA
This study identifies the growing demand for connectivity as one of the prime reasons driving the machine to machine (M2M) services market growth during the next few years.
The report on the machine to machine (M2M) services market covers the following areas:
- Machine to machine (M2M) services market sizing
- Machine to machine (M2M) services market forecast
- Machine to machine (M2M) services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine to machine (M2M) services market vendors that include AT&T Inc., China Mobile Ltd., Deutsche Telekom AG, Orange SA, Sierra Wireless Inc., Telefonica SA, Telenor Group, Telit Communications Plc, Verizon Communications Inc., and Vodafone Group Plc. Also, the machine to machine (M2M) services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Research and Markets presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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