Global Cellular M2M Market
The Global Cellular M2M Market was valued at USD 4.27 billion in 2016 and is projected to reach USD 41.88 billion by 2025, growing at a CAGR of 28.89% from 2017 to 2025.
M2M refers to machine to machine communication between any devices, including wired as well as wireless. Cellular M2M provides the ability to connect diverse devices and applications by enabling fixed assets, such as electric meters, mobile assets, fleet vehicles. Cellular M2M is the best option to connect assets over great distances using already established, robust, and proven networks.
1. Market Drivers
1.1 Increasing Demand for Unified M2M Platform
1.2 Growing Adoption of IoT Technology
1.3 Reduction in Cost of Connectivity Applications
1.4 Increasing Need of Wireless Connectivity
1.5 Increasing Risk Assessment and Management
2. Market Restraints
2.1 Security Concerns with Cloud and Mobile Technologies
2.2 Data Privacy Concerns
2.3 No Standardized System
The Global Cellular M2M Market is segmented on the basis of service, application, user type, vertical, and region.
1. By Service:
1.1 Professional Services
1.2 Managed Services
2. By Application:
2.1 Theft Recovery
2.2 Video Surveillance
2.4 Asset Tracking
2.5 Fleet management
3. By User Type:
3.1 Large enterprises
3.2 Small and Medium Enterprises
4. By Vertical:
4.1 Transportation and Logistics
4.3 Consumer Electronics
4.4 Security and Public Safety
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Verizon Communication Inc.
2. Aeris Communications
3. AT&T, Inc.
4. Deutsche Telekom AG
5. China Mobile Limited
6. Sprint Corporation
7. Vodafone Group PLC
8. Sierra Wireless
9. Amdocs Inc.
10. TelefÃ³nica S.A.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Cellular M2M Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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