Market Highlights
The
global M2M communication market is showing immense growth; mainly due to the
growing need for energy-efficient lighting systems. M2M communication refers to
connecting different machines of the same type other than smartphones, tablets,
and wearables with each other. The technology is segmented into wired and
wireless. With the advancements in technology, M2M Communication also allows
connected vehicle opportunity which offers inter vehicle and intra vehicle in
order to improve the driver experience. Strong support of mobile operators and
the growing high-speed networks are major factors driving the growth of M2M
communication market. Also, increase in cloud based M2M application platforms
is one major factor driving the growth of the market. Moreover, increasing
strategic partnerships with system integrators is another major factor
responsible for driving the growth of M2M communication market.
According
to a recent study report published by Market Research Future, The global market
of M2M Communication is booming and expected to gain prominence over the
forecast period. The market is projected to demonstrate a spectacular growth by
2022 with a striking CAGR during the anticipated period (2017 – 2022).
Technological advancements and growing demand for public safety networks is
boosting the growth of M2M communication market. Also, increasing demand for
M2M communication from transportation and healthcare is another major factor
driving the market growth.
The
M2M Communication market is highly competitive due to the increase in
implementation of cloud-based technologies and developments in the field of
internet of things. On the other hand, lack of standardization and continued
uncertainty around 4G LTE are major factors hindering the growth of M2M
communication market. Also, getting consumers to pay more for enhanced
connectivity and need for integrated M2M solutions are other factors that may
hamper the growth M2M communications market.
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Major Key players
·
Aeris
communication. Inc. (U.S.)
·
AT&T,
Inc. (U.S.)
·
Deutsche
Telekom AG (Germany)
·
Cisco
Systems Inc. (U.S.)
·
Telenor
Group (Norway)
·
KORE
Wireless Group (U.S.)
·
Intel
Corporation (U.S.)
·
Rogers
Communications Canada, Inc. (Canada)
·
Singtel
Group (Singapore)
·
Texas
Instruments (U.S.)
·
Vodafone
Group plc. (UK)
·
Verizon
Communications, Inc. (U.S.)
·
Sprint
Corporation (U.S.)
·
Telefonica,
S.A. (Spain)
·
China
Mobile Ltd. (China)
Segmentation:
The
M2M communication market can be classified into 4 key segments for the
convenience of the report and enhanced understanding;
Segmentation
by Technology: Comprises of Wired, Wireless and Hybrid
Segmentation
by Component: Comprises of Wi-Fi, Sensors, RFID, and Software among others
Segmentation
by Application: Comprises of Consumer Electronics, Healthcare, Retail,
Automotive, Utilities, and Home Automation among others
Segmentation
by Region: Comprises of Geographical regions - North America, Europe, Asia
Pacific and Rest of the World.
Regional Analysis:
North
America is expected to witness a significant growth and hold the largest market
share during the forecast period. U.S and Canada are anticipated to drive the growth
of the M2M communication market in North America owing to the presence of a
large number of established key players such as Aeris communication. Inc.,
AT&T, Inc., Cisco Systems Inc., Telenor Group, Intel Corporation, Singtel
Group, Texas Instruments, Vodafone Group plc., Verizon Communications, Inc.,
Sprint Corporation and Telefonica, S.A. among others. Also, U.S. is leading the
market in North America due to the rising demand of cloud based services and
high-speed networks that enable easy access, analysis and manipulation of
stored data transaction to help customers to improve their business operations.
Also, due to the drastic fall in the usage of native applications and a
considerable shift towards the adoption of cloud based applications in the region,
the market is likely to show immense growth in the coming future.
M2M
communication market in Asia Pacific is expected to grow at a substantial
CAGR during 2017 to 2022 due to increasing adoption of smartphones and digital
solutions such as smart meters in China and India in the region. Whereas, the
Europe market for M2M Communication is expected to grow at a considerable
CAGR (2017-2022). Europe is expected to register healthy growth in the machine
to machine communication market due to industrial developments as well as
infrastructural growth.
Industry
News
Jan
2018 – Sierra Wireless is a solid IoT play for the future. Sierra Wireless
makes money by producing 2G, 3G and 3G gateways and embedded modules utilized
in machine-to-machine communications, and commands approximately one third of
the market space and has utilized a strategy of “growth via acquisition” to
boost year-over-year revenues.
Jan
2018 – TRAI mulls policy for M2M communications. Telecom regulator, TRAI
has come out with proposals on machine-to-machine communications that include a
new kind of permit for companies keen on providing services for this new form
of technology.
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List of Tables
TABLE
1 GLOBAL M2M COMMUNICATIONMARKET, BY TECHNOLOGY
TABLE
2 GLOBAL M2M COMMUNICATIONMARKET, BY COMPONENT
TABLE
3 GLOBAL M2M COMMUNICATIONMARKET, BY APPLICATION
TABLE
4 GLOBAL M2M COMMUNICATIONMARKET, BY REGIONS
TABLE
5 NORTH AMERICA M2M COMMUNICATIONMARKET, BY COUNTRY
TABLE
6 NORTH AMERICA M2M COMMUNICATIONMARKET, BY TECHNOLOGY
TABLE
7 NORTH AMERICA M2M COMMUNICATIONMARKET, BY COMPONENT
TABLE
8 NORTH AMERICA M2M COMMUNICATIONMARKET, BY APPLICATION
TABLE
10 U.S. M2M COMMUNICATIONMARKET, BY TECHNOLOGY
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