Machine to Machine (M2M) Services Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Machine to Machine (M2M) Services

The “Machine to Machine (M2M) Services Market” Report provides a thorough examination of the market. The Machine to Machine (M2M) Services Market research investigates how firms in the Machine to Machine (M2M) Services Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Machine to Machine (M2M) Services market report.

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Competitor Analysis:

Machine to Machine (M2M) Services market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • International Business Machine Corporation
  • Rogers Communications Inc.
  • Cstar Technologies Inc
  • Alcatel
  • Lucent S.A.
  • Comarch Inc
  • Cisco System Inc
  • Huawei Technologies Co. Ltd
  • Intel Corporation
  • Google Inc.
  • Gemalto NV ( Now Thales Group)
  • Amdocs Inc
  • EE Ltd
  • Verizon Communications Inc

    Market Overview:

  • The machine to machine (M2M) services market is expected to grow at CAGR of 28.61% during the forecast period (2019 – 2024). Currently, the world is moving towards Industry 4.0 where analytics, artificial intelligence (AI) and the internet of things (IoT) drive intelligence, decision-making, and productivity. This in return is creating a huge opportunity for the machine to machine services market.
  • – Following this, the adoption of wired or wireless connectivity across different industries is also fueling the market. In addition, the penetration of high-speed internet connectivity and growing adoption of new connectivity technologies such as 4G/LTE and 5G is further driving the growth of the M2M connections market.
  • – For instance, in October 2018, The Cisco 819 Non-Hardened 4G LTE Integrated Services Routers (ISR) are Software routers which support for 4G LTE wireless WAN and WLAN capabilities. They are deployable and secure and are designed specifically for machine-to-machine (M2M) applications. Markets that benefit from these applications include small business, financial, healthcare, and retail. They deliver features like highly secure data, voice, and video communications to stationary and mobile network nodes across wired and wireless links.
  • – Apart from the connectivity, increasing software application integration for product enhancements and adoption of various technologies in manufacturing products to become cost-effective and meet safety regulations are the factors which are expected to support the growth.
  • – However, on the contrary, the high cost of installation of this technology and its maintenance are some of the challenges faced by the market which is restraining its growth.

    Key Market Trends:

    Telecom Industry to Witness Significant Growth Among Other End-user Verticals

    – Cellular-based M2M is added connectivity process among distinct sim-enabled machines, to provide connectivity over multiple wireless networks. Cellular M2M Value Added Services is being incorporated in many enterprises to ensure operational efficiency and to minimize losses associated with operational breaches.
    – The cellular-based (M2M) is expected to grow during the forecast period because of the introduction of government policies which enables a wider deployment of cellular M2M in key sectors such as utilities, smart cities, automotive and healthcare. For instance, the European Commission had initially proposed that legislation for the introduction of the eCall public safety answering point (PSAP) system would be in place by the end of 2015. However, adoption by the EU member states has been slower than projected hence most recently the deadline for implementation of the eCall PSAP system has been postponed by a few years.
    – Further, Cisco predicted that by 2022, global mobile devices will grow from 8.6 billion in 2017 to 12.3 billion by 2022. Such huge growth will in return have a positive impact on the M2M market.

    Asia-Pacific to Witness the Fastest Growth

    – Asia-Pacific region comprises of two largest economies of the world i.e. China and India and these two regions development initiatives are growing year on year. Cisco predicts that the IP traffic in the Asia-Pacific will reach 172.7 Exabytes per month by 2022, growing at a CAGR of 32% which is the highest among other nations of the world. The region will also have13.1 billion networked devices or connections, up from 8.6 billion in 2017. This increase will have a pragmatic impact on M2M services market.
    – Further, government initiatives like smart cities, smart meter and policies enabling a wider deployment of cellular M2M initiative will help the M2M services market to grow.
    – For instance, in February 2018, in India, one of the fastest growing markets for M2M services, the Department of Telecommunications (DoT) has approved telecom service providers to start issuing 13-digit digit numbers for SIM-based machine-to-machine (M2M) services. This scenario is expected to increase the number of M2M services provided the telecom vendors in the region

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    Scope of the Report:

    Machine to machine (M2M) services refers to a broad term used to define any technology that allows network devices to exchange information and perform an action without any physical assistance of human beings. M2M services are used across different industry, such as in retail, banking & financial institutions, telecom & IT industry, healthcare, automotive, oil & gas, and transportation to enhance the safety, productivity, and efficiency of the establishments. Remote monitoring, warehouse management, supply chain management, remote control, robotics, traffic control, security, logistics and fleet management, and autonomous automotive are some of the trending applications of M2M. <

    Highlighted points of Machine to Machine (M2M) Services Market Report:

    • Varying dynamics of the Machine to Machine (M2M) Services industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Machine to Machine (M2M) Services market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Machine to Machine (M2M) Services market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Machine to Machine (M2M) Services Market report:

    • The Machine to Machine (M2M) Services market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Machine to Machine (M2M) Services market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Machine to Machine (M2M) Services market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Machine to Machine (M2M) Services Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rapid Technological Advancements
    4.3.2 Increasing Number of Connected Devices
    4.4 Market Restraints
    4.4.1 Lack of Standardization
    4.4.2 Huge Delivery Cost
    4.5 Opportunities
    4.5.1 Increasing Adoption of Internet of Things
    4.5.2 Increasing Number of Telecom Networks
    4.6 Value Chain / Supply Chain Analysis
    4.7 Industry Attractiveness – Porter’s Five Force Analysis
    4.7.1 Threat of New Entrants
    4.7.2 Bargaining Power of Buyers/Consumers
    4.7.3 Bargaining Power of Suppliers
    4.7.4 Threat of Substitute Products
    4.7.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Managed Service
    5.1.2 Professional Service
    5.2 By End User
    5.2.1 Retail
    5.2.2 Banking and Financial Institution
    5.2.3 Telecom and IT Industry
    5.2.4 Healthcare
    5.2.5 Automotive
    5.2.6 Oil and Gas
    5.2.7 Transportation
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 International Business Machine Corporation
    6.1.2 Rogers Communications Inc.
    6.1.3 Cstar Technologies Inc
    6.1.4 Alcatel-Lucent S.A.
    6.1.5 Comarch Inc
    6.1.6 Cisco System Inc
    6.1.7 Huawei Technologies Co. Ltd
    6.1.8 Intel Corporation
    6.1.9 Google Inc.
    6.1.10 Gemalto NV ( Now Thales Group)
    6.1.11 Amdocs Inc
    6.1.12 EE Ltd
    6.1.13 Verizon Communications Inc

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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