Global M2M Communication Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn in 2027 at a CAGR of xx% over forecast period 2020-2027.
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The report covers an in depth analysis of COVID 19 pandemic impact on Global M2M Communication Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global M2M Communication Market Dynamics:
Machine-to-Machine (M2M) communication is a form of data communication that involves one or more entities that do not necessarily require human interaction or intervention in the process of communication. M2M communication operate over mobile networks such as GSM-GPRS, CDMA EVDO networks. In the M2M communication, the role of mobile network is largely confined to serve as a transport network. With a potential market of probably 50 million connected devices, M2M offers tremendous opportunities as well as unique challenges. Various applications such as M2M communication reduces the cost and management in unidentified areas to increase productivity are mainly driving the global M2M communication market over forecast period. However, the high initial investment associated with deployment of M2M communication, lack of technology awareness and cyber security concerns are mainly restraining the market growth over forecast period.
Global M2M Communication Market is segmented by technology, component, and application and by region. By Technology, wireless technology segment held 58.78% of market share in 2019 and is expected to keep its dominance over forecast period. Recent developments in M2M communication such as wireless communications, sensing and actuation have given it a new impetus. The number of connected devices is expected to grow exponentially over forecast period this is expected to create lucrative opportunities for Global M2M Communication Market.
By applications, automotive application segment is expected to hold 29.08% of market share over forecast period. Wireless networks that are all interconnected can serve to improve production and efficiency in various areas, including machinery that works on building cars and on letting the developers of products know when certain products need to be taken in for maintenance and for what reason. Such information serves to streamline products that consumers buy and works to keep them all working at highest efficiency. Another application is to use wireless technology to monitor systems, such as utility meters.
By geography, Global M2M Communication Market segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these regions North America held 35.56% of market share in 2019 and is expected to keep its dominance over forecast period owing to dense presence of M2M communication users. In terms of the revenue generation, U.S. is leading the market in North America due to the rising demand of cloud based services and high-speed networks in U.S. that enables easy access, analysis and manipulation of stored data transaction to help customers to improve their business operations. North America is followed by Europe and APAC. Europe is expected to hold 28.45% of market share over forecast period. Well established automotive and manufacturing industry is mainly propelling market growth in this region.
Report covers in depth analysis of key development and company profiles of market leaders, potential players and new entrants. Some of the major market players covered in this report are AT&T Inc, Cisco Systems, Inc, Intel Corporation, Vodafone Group, Singapore Telecommunications Limited, ORE Wireless Group, Inc, Orange SA, Numerex Corp, Ibexis Ltd and among others. These key players are adopting various inorganic and organic growth strategies such as merger& acquisition, joint ventures, collaborations, strategic alliances, expansion, diversification, new product launches and patent to increase their regional presence and business opeartions.
The objective of the report is to present a comprehensive analysis of the Global M2M Communication Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global M2M Communication Market dynamics, structure by analyzing the market segments and project the Global M2M Communication Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global M2M Communication Market make the report investor’s guide.
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Global M2M Communication Market by Technology
Global M2M Communication Market by Component
• Computer Software
Global M2M Communication Market by Application
• Consumer electronics
• Home Automation
Global M2M Communication Market by Region
• North America
• MEA& Africa
• Latin America
Global M2M Communication Market Key Players
• AT & T Inc.
• Cisco Systems, Inc
• Intel Corporation
• Vodafone Group
• Singapore Telecommunications Limited
• ORE Wireless Group, Inc
• Orange SA
• Numerex Corp.
• Ibexis Ltd.
• ELSE SA
• Orbcomm Inc.
• Iridium Communications Inc.
• Quake Global, Inc.
• Stellar Satellite Communications Ltd
• Remote Intelligence Systems LLC.
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