The Global Cellular M2M Market is Estimated to reach $38 Billion by 2028, at a CAGR of 6.6%

Cellular M2M Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Cellular M2M Market size is expected to reach $38 billion by 2028, rising at a market growth of 21.6% CAGR during the forecast period.

The Large Enterprises segment acquired maximum revenue share in the Global Cellular M2M Market by Organization Size in 2021; thereby, achieving a market value of $23.9 billion by 2028. The increasing growth of the segment is owing to the rising deployment of the cellular M2M technology in small and medium enterprises. There is a significant requirement of interconnection between devices within small and medium organizations due to the lesser number of employees across these enterprises.

The Connectivity Services segment is leading the Global Cellular M2M Market by Services Type in 2021; thereby, achieving a market value of $15.3 billion by 2028. With the development of various complicated applications deployed by clients, the requirement for connectivity services is constantly growing. Connectivity services ensure various aspects of an operation such as network security, reliability, scalability, and coverage in remote places. The demand for these essential services is required to be met by connectivity services. As a result, delivering worldwide roaming services and SIMs has become a critical component of developing complete IoT solutions. Therefore, this segment is observing a major growth across the market.

The Predictive Maintenance segment is showcasing a CAGR of 20.2% during (2022 - 2028). Predictive maintenance is being employed by numerous enterprises across several verticals, including healthcare, transportation and logistics, manufacturing, transportation and logistics, and energy and utilities, with the use of M2M. Predictive maintenance is a technology for predicting when a machine or equipment will need to be serviced in order to prevent failures amid crucial operations. This has a number of advantages, including lower maintenance costs, fewer malfunctions, less downtime in the manufacturing process, and increased output. This factor is playing a major role in accelerating the growth of this segment.

The Manufacturing segment dominated the Global Cellular M2M Market by End User in 2021; thereby, achieving a market value of $16.4 billion by 2028. The Cellular MIMO Module is a critical connectivity solution for the smart manufacturing industry, and it can be used in a variety of applications such as alarms, predictive maintenance, and events tracking, gateways to SCADA systems, as well as the integration of mobile devices like smartphones, tablets, and wearables into manufacturing systems. In the manufacturing industry, mobile devices are being utilized to increase operational efficiency, improve productivity, and open up new business prospects. This would drive the growth of this segment of the market.

The North America is the fastest growing region in the Global Cellular M2M Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.5 billion by 2028. The Europe market is estimated to witness a CAGR of 20.7% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 23.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/cellular-m2m-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Cellular M2M Market Segmentation

By Organization Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Services Type

• Connectivity Services
• Professional Services
• Managed Services

By Application

• Asset Tracking & Monitoring
• Predictive Maintenance
• Telemedicine
• Warehouse Management
• Industrial Automation
• Fleet Management
• Smart Meter
• Others

By End User

• Manufacturing
• Healthcare
• Energy & Utilities
• Transportation & Logistics
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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.
• Infineon Technologies AG

Related Reports:

North America Cellular M2M Market Size, Share & Trends, 2028

• May-2022
• 109 Pages

LAMEA Cellular M2M Market Size, Share & Growth by 2022-2028

• May-2022
• 123 Pages

Europe Cellular M2M Market Size, Share & Forecast to 2028

• May-2022
• 122 Pages

Asia Pacific Cellular M2M Market Size, Share & Trends to 2028

• May-2022
• 123 Pages