Cellular M2M Global Market Estimated To Grow At 25% Rate
August 5, 2022
The Business Research Company’s Cellular M2M Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, August 5, 2022 /EINPresswire.com/ -- As per The Business Research Company's "Cellular M2M Global Market Report 2022”, the cellular M2M market is expected to grow from $8.76 billion in 2021 to $11.75 billion in 2022 at a compound annual growth rate (CAGR) of 34.2%. The change in the cellular M2M market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $29.09 billion in 2026 at a CAGR of 25.4%. The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G is expected to fuel the growth of the cellular M2M market in the forecast period.
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Key Trends In The Cellular M2M Market
The companies in the cellular M2M marke are increasingly investing in integrating payment terminals to cater to the growing demand for mobile payments. The companies in the market are increasingly integrating flexible point of sale systems with fully integrated UX, to cater to the changing purchasing behavior.
Overview Of The Cellular M2M Market
The cellular M2M market consists of sale of cellular machine to machine (M2M) and related services by entities (organizations, sole traders and partnerships) that provides cellular M2M products and solutions. Cellular M2M is the communication between any two devices from any location with enabled (subscriber identity module) SIM cards. The machines can be in communication through a wireless or wired connection. The cellular M2M is used for applications such as asset tracking and monitoring, predictive maintenance, telemedicine, fleet management, warehouse management, industrial automation and smart meters.
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Cellular M2M Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
• By Service: Connectivity Services, Professional Services, Managed Services
• By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
• By Application: Asset Tracking and Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Others
• By End-User: Healthcare, Energy and Utilities, Transportation and Logistics, Manufacturing, Others
• By Geography: The global cellular M2M market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile, Telefonica S.A., Aeris, China Telecom, 10T, Arm Holdings, Infineon, and Kore Wireless.
Trends, opportunities, strategies and so much more.
Cellular M2M Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides an global cellular M2M market overview. The market report gives global cellular M2M market analysis, global cellular M2M market forecasts market size, cellular M2M industry growth drivers, global cellular M2M market segments, cellular M2M market major players, cellular M2M market growth across geographies, and cellular M2M market competitors’ revenues and market positioning. The cellular M2M market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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