According to Cognitive Market Research, the global Managed m2m services market size is USD 3.2 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 20.30% from 2023 to 2030
The demand for cloud-based is rising because cloud-based service providers protect M2M data from breaches and threats in the managed M2M services industry.
Demand for medical and healthcare-managed m2m services remains higher because it facilitates the safe transfer of medical information between patients and healthcare providers.
The increasing demand for automotive and transportation-managed M2M services, because consumer and commercial fleet drivers together can benefit from the advancements made in the automotive and transportation industries, which increase safety, boost security, and enhance the driving experience, is anticipated to be a significant development driver for the industry’s increased market revenue share in 2023.
Asia-Pacific will continue to lead, whereas the North American cloud-based market will experience the most vigorous growth until 2030.
