Cellular M2M Market Report 2024 (Global Edition)

Global Cellular M2M Market Report 2024 Market Size Split by Services (Connectivity Services , Professional Services , Managed Services), by Application (Asset Tracking & Monitoring, Predictive Maint...

Cellular M2M Market Report Description

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Cellular M2M Market Insights Video

COMPETITIVE LANDSCAPE: CELLULAR M2M MARKET

The major players rapidly develop new strategies to attain a competitive edge and capture a significant market share. The major cellular M2M market participants emphasize expanding their creative offerings to serve a large consumer base and gain a competitive advantage.

CELLULAR M2M INDUSTRY NEWS

 

• September 2022: M2M Connectivity and Blue Sky Network agreed to a new channel relationship. The initiative would improve M2M Connection's satellite IoT capabilities by lowering the cost and increasing the availability of satellite connectivity for a wider variety of organizations and applications.
• December 2019: AT&T collaborated with Vodafone to enable commercial inter-carrier arrangements for NB-IoT Roaming across the US and Europe, creating opportunities for customers to create mass deploy massive amounts of equipment region efficiently.

Top Companies Market Share in Cellular M2M Industry: (In no particular order of Rank)

• AT&T (US) 
• Verizon (US)
• T-Mobile (US)
• Deutsche Telekom (Germany)
• Orange S.A. (France)
• Telefonica (Spain)
• Vodafone (U.K.)
• Ericsson (Sweden)
• Kore Wireless (U.S.)
• Aeris (U.S.)
• Arm Holdings (U.K.)
• China Mobile (China)
• Infineon (Germany)
• Thales Group (France)
• Orbocomm (U.S.)
• Telit (U.K.)
• Giesecke+Devrient (Germany)
• Cubic Telecom (Ireland)
• KPN (Netherlands)
• A1 Digital (Austria)
• S.K. Telecom (South Korea)
• Rogers Communications (Canada)
• Telenor Connexion (Sweden)
• Truphone (U.K.)
• 10T (Estonia)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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North America dominated the market in 2023 and accounted for around 40% of the global revenue

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue, owing to the region’s growing adoption of the latest technological advancements, including integration with cloud and mobile technologies within cellular M2M solutions, to yield streamlining business processes and optimum utilization of business resources. The region is foremost in deploying cellular M2M mobile applications, which efficiently secure digital document transfer and collaboration among geographically diverse employees or locations. 

Europe is the fastest-growing region in the cellular M2M market due to the region's increasing adoption of smart technologies across various industries, such as healthcare, automotive, and manufacturing. This surge in connectivity requirements is propelling the growth of cellular M2M solutions, fostering seamless communication and data exchange between devices, ultimately enhancing efficiency and innovation in the European market.

The current report Scope analyzes Cellular M2M Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Cellular M2M Market

According to Cognitive Market Research, North America held the major market share in 2023, accounting for 40% of the global revenue and will expand at a CAGR of 22% from 2023 to 2030. This is due to the rising acceptance of smart technologies across industries, such as healthcare, automotive, and utilities, which is a key driver. This surge is catalyzed by advancements in wireless communication, driving the proliferation of M2M applications in the region. According to Cognitive Market Research, businesses leverage M2M technology to enhance operational efficiency, monitor assets, and streamline communication. The increasing adoption of IoT solutions in various industries, coupled with a robust ecosystem of professional services, propels the expansion of the cellular M2M market in North America. In conclusion, the North American cellular M2M market is poised for exponential growth, driven by increasing IoT adoption. With robust infrastructure and evolving technologies, it promises lucrative opportunities. 

Europe Cellular M2M Market

According to Cognitive Market Research, the Europe cellular m2m market accounted for approximately 30% of the global market share and will expand at a CAGR of 22.2% from 2023 to 2030, owing to the expanding adoption of IoT applications, advancements in 5G technology, and regulatory support for M2M communication, fostering a robust ecosystem for seamless and efficient data exchange. According to Cognitive Market Research, companies leverage M2M connectivity for efficient communication between devices, enhancing operational efficiency and enabling real-time data exchange. The adoption of managed services further accelerates this trend, providing businesses with seamless integration, security, and support, fueling the expansion of the cellular M2M market in the European region. In conclusion, The European cellular M2M market thrives, driven by IoT integration across industries. With robust connectivity solutions, it fosters innovation and efficiency. Europe's M2M landscape is poised for sustained growth, revolutionizing connectivity and communication in diverse sectors.

Asia Pacific Cellular M2M Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 22% and will expand at a CAGR of 25% from 2023 to 2030 owing to the region's rapid technological adoption, growing industrial automation, and increasing demand for connected devices. Factors such as the expanding IoT ecosystem, advancements in 5G technology, and government initiatives to boost digital infrastructure contribute to the market's robust growth, fostering a dynamic landscape for M2M communication solutions in the region. According to Cognitive Market Research, the region's growing ageing population and demand for efficient healthcare services amplify the need for M2M connectivity, enhancing patient care and facilitating real-time data exchange between devices, driving market growth. In conclusion, the cellular M2M market in the Asia Pacific region is poised for robust growth, driven by increasing IoT adoption. The market's expansion presents lucrative opportunities for innovation and connectivity solutions.

South America Cellular M2M Market

According to Cognitive Market Research, Latin America's v market accounted for more than 5% of the global revenue in 2023 and will expand at a CAGR of 23.5% from 2023 to 2030 due to the region's growing demand for efficient communication and data exchange between devices fuels market expansion. With increasing connectivity needs, the region's M2M market is poised for significant growth as businesses leverage these technologies to enhance operational efficiency and innovation. According to Cognitive Market Research, enhancing efficiency and automation across manufacturing processes drives market growth. As industries in Latin America prioritize connectivity and data-driven solutions, cellular M2M technologies play a pivotal role in optimizing production, reducing costs, and improving overall operational effectiveness. In conclusion, the cellular M2M market in Latin America is poised for robust growth, driven by increasing connectivity demands. A thriving ecosystem and rising adoption signal lucrative opportunities for stakeholders in the region.

Middle East and Africa Cellular M2M Market

According to Cognitive Market Research, the Middle East and Africa accounted for more than 3% of the global revenue and will expand at a CAGR of 45.1% from 2023 to 2030. This is owing to the region's increasing adoption of IoT solutions across diverse industries. Growing demand for real-time data communication, enhanced connectivity, and the expansion of smart city initiatives are key drivers. MEA's economic growth and rising awareness of M2M benefits contribute to the region's dynamic cellular M2M market. According to Cognitive Market Research, the increased adoption of connected healthcare devices and remote patient monitoring systems has propelled the demand for reliable cellular M2M solutions, fostering growth in the region's IoT ecosystem and transforming healthcare delivery through innovative telemedicine applications. In conclusion, the MEA cellular M2M market is poised for robust growth driven by IoT adoption. The advancing connectivity fuels economic development and innovation across the region.

Cellular M2M Market Analysis

Cellular M2M Market Services Segment Analysis

According to Cognitive Market Research, the connectivity services segment held the prominent share in the cellular m2m market over the projected period due to the advancement in complicated applications being deployed by consumers. Services must secure networks that are secure, dependable, scalable, and deliver coverage in remote areas. Hence, delivering roaming services and SIMS with global scope has become a pivotal function in developing end-to-end loT solutions.

Managed services are the fastest-growing category over the projected period over the forecast period as these services streamline connectivity, enhance security, and ensure seamless device communication. As businesses prioritize efficiency, scalability, and real-time data, managed services are pivotal in optimizing cellular M2M solutions, fostering innovation, and unlocking the full potential of interconnected devices.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Cellular M2M Industry. Request a Free Sample PDF!

Cellular M2M Market Application Segment Analysis

According to Cognitive Market Research, asset tracking & monitoring holds a prominent market share as it has been utilised to fix problems, such as inefficient processes, theft and loss of valuable assets, and poor operational performance. The M2M asset tracking application allows businesses to efficiently track their assets to enhance employee safety, drive method automation, and optimize their supply chain. 

Warehouse management is the fastest-growing category as these technologies connect devices for real-time data exchange, optimizing inventory tracking, and improving supply chain efficiency. Drivers benefit from seamless communication, enabling enhanced route planning and delivery precision. This integrated approach transforms logistics, streamlining operations for more agile and responsive warehouse and transportation management systems.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Cellular M2M End-User Segment Analysis

According to Cognitive Market Research, the transportation and logistics segment held a prominent share of the cellular M2MM2M market over the projected period due to rapid digitalization. Many key players along the value chain can exchange knowledge via M2M technology and improve productivity. With the assistance of cellular M2M solutions, the logistics and transportation processes are being innovated, and firms are implementing customizable solutions to function the supply chain and delivery systems efficiently.

Healthcare is the fastest-growing category due to the integration of smart devices for real-time patient monitoring, data exchange, and remote diagnostics. This connectivity enhances healthcare delivery, improves treatment outcomes, and reduces costs. The growing demand for efficient healthcare solutions fuels the expansion of M2M technology, fostering innovation and connectivity in the healthcare sector.

• Healthcare
• Energy & Utilities
• Transportation & Logistics 
• Manufacturing
• Others (Automotive and Retail)

Cellular M2M Organization Size Segment Analysis

According to Cognitive Market Research, the large enterprise segment held a prominent market share as cellular M2M helps large enterprises optimise the network infrastructure, deploying the latest applications that help them lower operational costs, improve operational efficiencies, troubleshoot the loT device issues, and detect and mitigate security attacks. They always focus on adopting industry solutions that can help them increase their operational efficiency.

Small & medium enterprises are the fastest-growing category. SMEs leverage M2M technology for streamlined operations, efficient resource management, and enhanced connectivity. The demand for real-time data exchange and automation propels SMEs to adopt M2M solutions, fostering innovation and competitiveness in the market.

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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