The Latin America, Middle East and Africa Cellular M2M Market would witness market growth of 27.0% CAGR during the forecast period (2022-2028).
Increasing employment of internet of things technology integrated wireless communication systems across multiple industries is expected to substantially drive the growth of the cellular machine to machine market throughout the forecast period. The combination of IoT technology and cellular M2M offers a number of advantages, including the ability to monitor and manage production, customer pools, and supply chains. It also aids in the monitoring of industrial premises and continual task evaluation.
IoT integration in the cellular machine to machine applications allows communication between machines, hardware to machines, and data interchange across systems. This connectivity generates a large volume of data, which can be used by a variety of service management apps to boost overall corporate efficiency. This data silo is also utilized by big data analytics, which aids in the development of smart applications, monetized data, novel pricing models, optimized service models, regulated application flow, as well as high intelligence system throughput.
Due to increased awareness and implementation of big data technology, e-commerce, and the Internet of Things (IoT) across several industrial sectors, LAMEA is predicted to grow significantly. There is a rapid expansion in the consumer base of the mobile subscribers across the region. The industry is expected to develop due to fierce competition among service providers and, as a result, the demand for lower-cost mobile services would bolster in the coming years.
Moreover, Thuraya Telecommunications Company, a regional mobile-satellite service provider based in the United Arab Emirates, announced the debut of the versatile T2M-DUAL IoT/M2M solution with highly improved capabilities in November 2019. By permitting simultaneous data gathering from mobile and fixed assets, this technology contributes significantly to financial and operational savings. In the future, such substantial breakthroughs may provide significant prospects to the cellular M2M sector.
The Brazil market dominated the LAMEA Cellular M2M Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $648.6 million by 2028. The Argentina market is estimated to grow at a CAGR of 27.7% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 26.7% during (2022 - 2028).
Based on Organization Size, the market is segmented Large Enterprises and Small & Medium Enterprises (SMEs). Based on Services Type, the market is segmented into Connectivity Services, Professional Services, and Managed Services. Based on Application, the market is segmented into Asset Tracking & Monitoring, Predictive Maintenance, Telemedicine, Warehouse Management, Industrial Automation, Fleet Management, Smart Meter, and Others. Based on End User, the market is segmented into Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cellular M2M Market is Predict to reach $38 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AT&T, Inc., Verizon Communications, Inc., Vodafone Group Plc, Orange S.A., Telefonica S.A., Deutsche Telekom AG, Ericsson AB, Giesecke & Devrient GmbH, Thales Group S.A., and Infineon Technologies AG.
By Organization Size
By Services Type
By Application
By End User
By Country
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