According to a new market research report “Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, Others), and by Geography - Forecast to 2020”, the market size of global M2M connections is expected to reach $35.16 Billion by 2020, at a CAGR of 11.57% between 2015 and 2020.
Browse 71 market data tables and 55 figures spread through 150 pages and in-depth TOC on “Machine-to-Machine (M2M) Connections Market - Forecast to 2020"
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Machine-to-Machine (M2M) technologies consist of various wired and wireless technologies that enable different machines of the same type other than smartphones, tablets, and wearables among others to connect with each other. It can also be defined as ability of assets, devices, and machines to remotely operate, perform actions, and exchange information by communicating with each other, through wired or wireless mediums, and without human assistance. M2M has widespread industrial uses and is used extensively in the utilities sector for smart electricity distribution and conservation, in the automotive sector – through the use of telemetry technology in cars, and also in the healthcare sector – for telemedicine and remote patient monitoring among other uses.
Short-range technologies such as ZigBee, Wi-Fi, and Bluetooth are expected to dominate the global M2M connections market during the forecast period. The market share of wired and cellular technology 2G is projected to decline in the coming years. 3G and 4G/LTE technologies are anticipated to have high growth rates. Rising application of telematics in the automotive industry, demand for smart grids in the utilities sector, coupled with overall standardization of IPv6 are expected to propel the growth of global M2M connections market.
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This report segments the global M2M connections market on the basis of technology, industry vertical, and geography. The said market has been segmented based on technology into wired and wireless technology. Wireless technology has been segmented into short-range and cellular technologies. Short-range technology has further been divided into Bluetooth, ZigBee, and Wi-Fi and cellular technology has been segmented into 2G, 3G, and 4G.
Wi-Fi technology is expected to be the dominating technology during the forecast period, whereas ZigBee is presumed to grow the fastest due to high demand in utilities sector. Among cellular M2M connections, the highest number of connections is expected to be of 3G connectivity, followed by 2G and 4G connectivity. The 4G M2M connections are projected to grow at the fastest rate due to advantages offered by 4G such as high speed, better security, and others.
The global M2M connections market has been segmented based on industries into utilities, automotive & transportation, healthcare, and retail among others. Automotive & transportation followed by security & surveillance are expected to be the largest markets of M2M during the forecast period.
On the basis of geography, the market is segmented into Americas, Europe, APAC, and RoW. The region of Americas is currently the dominating market, but it is presumed that the APAC region would replace it by 2020.
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Apart from the market statistics, the report also includes qualitative analysis such as value chain with detailed process flow diagrams; market dynamics such as drivers, restraints, and opportunities; winning imperatives; and industry trends for the global M2M connections market.
The report profiles the major players along with their SWOT analysis in the global M2M connections market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. Some of the major industry players in the said market are China Mobile (China), Telefonica (Spain), Deutsche Telekom (Germany), Gemalto (The Netherlands), Sierra Wireless (Canada), Telit PLC (U.K.), AT&T (U.S.), Vodafone (U.K.), Jasper Wireless Inc. (U.S.), Verizon (U.S.), and Intel (U.S.) among others.
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