Machine to machine (commonly abbreviated as M2M) refers to direct communication between devices using any communications channel, including wired and wireless.
This report aims to provide a comprehensive presentation of the global market for M2M Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding M2M Services. This report contains market size and forecasts of M2M Services in global, including the following market information:
- Global M2M Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global M2M Services market was valued at US$ 17500 million in 2022 and is projected to reach US$ 63710 million by 2029, at a CAGR of 20.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
During 2017, the cellular segment accounted for the major shares and dominated the machine to machine services market. The easy availability of high-speed broadband services and the increased awareness of M2M services among the consumers in the developed countries will be major factors aiding the growth of this market segment in the coming years. This in turn, will have a positive impact on the M2M services market size & share.
We surveyed the M2M Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global M2M Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global M2M Services Market Segment Percentages, by Type, 2022 (%)
Global M2M Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global M2M Services Market Segment Percentages, by Application, 2022 (%)
- Consumer Electronics
- Automotive
- Healthcare
- Energy and Utilities
- Transportation and Logistics
- Manufacturing
- Other
Global M2M Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global M2M Services Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies M2M Services revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies M2M Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AT&T
- EE
- Sprint
- Verizon
- Aeris Communications
- Amdocs
- Applied Satellite Technology
- China Mobile
- Comarch
- Digi International
- Ericsson
- Gemalto
- Huawei
- Hughes Network System (EchoStar)
- Jasper Technologies
- KORE Wireless Group
- Novatel Wireless
- Nupoint Systems
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of M2M Services, market overview.
- Chapter 2: Global M2M Services market size in revenue.
- Chapter 3: Detailed analysis of M2M Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of M2M Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
