M2M Communication Market Global Trends and Forecasts to 2030

Machine-to-machine (M2M) communications is the exchange of information between networked devices without human assistance. It uses sensors for transmitting data over a common network and uses computing software for interpreting data and making decisions. The global M2M communication market report by Market Research Future (MRFR) focuses on advances in industrial automation and improved protocols in wireless communication for predicting growth and revenue margins for the period of 2020 to 2030 (forecast period). The COVID-19 outbreak and its effects on the industry are outlined in the report.

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Market Scope:

The global M2M communication market is expected to grow at 8.32% CAGR over the forecast period. The use of remote monitoring of industrial processes and seamless transfer of data between devices is expected to drive market demand. Increasing demand for connectivity in industrial processes, supportive government policies, and concerns for worker safety are major drivers of the market. Proliferation of industrial internet of things (IIoT) and adoption of connectivity technologies in verticals of manufacturing, automotive, healthcare, and real estate can further the market growth.

The increasing focus on improving productivity and efficiency and accumulation of data for driving machining can fare well for the global M2M communication market. Adoption of short-range wireless technologies can influence the market. The utilization of M2M communication by the manufacturing sector for keeping up with the increasing demand owing to the growing population and accelerate production can augur favorably for the market. Investments in M2M systems by large manufacturing companies such as Honeywell, Siemens, and others are an indicator of the large scope of the market.

But lack of awareness of the technology and high initial investments can hamper market growth.

Regional Analysis:

North America is expected to dominate the M2M communication market due to the opportunities offered by M2M communication for mobile operators. The establishment of standards and protocols for integrating M2M can increase the connection and revenue. In terms of revenue generation, the U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks. Launch of new routers for managing IoT devices seamlessly with the help of middleware solutions can lead to new contracts with leading manufacturers with M2M communication providers.

Europe is expected to register healthy growth in the machine-to-machine communication (M2M) market due to industrial development as well as infrastructural growth. The M2M communication market is also increasing due the high adoption in transportation, security and surveillance, and warehouses.

Asia Pacific has emerged as the fastest growing market due increasing adoption of smartphones and digital solutions such as smart meters in China and India. The improving economic conditions, rise in industrial development and initiative by government such as ‘Digital India’ in India are also supporting the M2M communication market.

Segmentation:

By technology, it is segmented into wired, wireless, and hybrid. The wireless segment is deemed to lead in the global M2M communication market due to Wi-Fi, Bluetooth, and ZigBee used in wireless beacons, patient monitoring systems, and infotainment systems. Adoption of smart devices and evolution of cellular networking technology can drive the segment growth over the forecast period.

By component, it covers RFID, Wi-Fi, sensors, software, and others.

By application, it is segmented into healthcare, retail, automotive, consumer electronics, utilities, home automation, and others.

On the basis of Technology Segment Analysis:

4G/LTE
Wi-Fi
Ethernet
Power-Line
Others

On the basis of Component Segment Analysis:

Actuators
Sensors
Memory
RFID
Power
Communication Modules

On the basis of Application Segment Analysis:

Consumer Electronics
Information Technology (IT)
Retail
Transportations Automotives
Healthcare
Security
Others

The market players for the micro-encapsulation industry are:

North America
US
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
The Middle East
Africa
South America

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Competitive Outlook:

Deutsche Telekom AG, Sierra Wireless, China Mobile Ltd., Telenor Group, Intel, Sprint Corporation, Texas Instruments, Aeris Communication Inc., Verizon Communications, Inc., Telefónica, S.A., Numerex Corp., Cisco Systems Inc., Orange S.A., ATT, Inc., Singtel Group, Vodafone Group plc., KORE Wireless Group, and Rogers Communications Canada, Inc. are key providers in the global M2M communication market.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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