What is Machine Machine M2M Connections Market?
M2M or Machine to Machine refers to direct communication between devices without human interfacing or interaction using any communication channel. The sensors of varying types will collect information, and then relay it to a central point of some description. While many use the terms interchangeably, M2M and IoT are not the same. IoT needs M2M, but M2M does not need IoT. In today’s time many industries are deploying IoT sensors and devices for predictive maintenance and to enhance productivity. M2M is among the fastest-growing types of connected device technologies in the market right now, largely because M2M technologies can connect millions of devices within a single network.
The market study is being classified, by Application (Remote Monitoring, RFID, Sensor Networking, Smart Services, Telematics and Telemetry and Others) and major geographies with country level break-up.
Thales Group (France), AT&T (United States), Verizon Communications (United States), Vodafone Plc (United States), Deutsche Telekom AG (Germany), Orange Business Services (France), Telefónica (Spain), NTT Communications (Japan), Qualcomm (United States) and Aeris Communications (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Machine Machine M2M Connections market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Machine Machine M2M Connections market by Type, Application and Region.
On the basis of geography, the market of Machine Machine M2M Connections has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Automation, Adoption of IoT Devices or Sensors, Higher Demand of Big Data Analytics in Various Industries
- Increasing Use of M2M Connections in Automotive and Logistics for Telematics and Fleet Tracking
- Growing Popularity of Wireless Connectivity Technology and Evolution of 5G Networking
- Growing Security and Privacy Concern of Data and Lack of Standard Protocols
- Increasing Adoption of Connected Medical Devices in Healthcare Sector for Remote Monitoring and Real-time Access to A Patient’s Health Data
- Limited Bandwidth While Connecting Over Cellular Data
Market Leaders and some development strategies
In March 2021, Sierra Wireless acquired Auckland-based technology firm M2M One NZ to expand its footprint in the Australia and New Zealand region. M2M One NZ provides wireless products and services for the Machine to Machine (M2M) and IoT industries. With this acquisition company’s core focus will be to scale up its connectivity business and add cloud-based solutions, commonly called device-to-cloud.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Machine Machine M2M Connection Service Providers, Machine Machine M2M Connection Solution Manufacturers, Suppliers & Distributors of Machine Machine M2M Connection Solution, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-use Industries and Others