Cellular Machine to Machine Market Size, Share & Trends 2031

Segments - Cellular Machine to Machine Market by Applications (Healthcare, Retail, Manufacturing, Energy & Utilities, Automotive, Transport & Logistics, and Consumer Electronics) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global cellular machine to machine (M2M) market is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rapid expansion of IP networks in the emerging economies such as India and China.

Machine-to-machine (M2M) refers to a system of communication between electronic devices for exchanging data or for the communication without the need of human interaction/interference. This includes both wired and wireless devices. It transfers the data, which in form of instructions, to electronic devices. M2M communication can be utilized in various industry verticals such as retail, automotive, logistics, insurance, and automotive

Global Cellular Machine to Machine Market Outlook

Cellular M2M involves a utilization of point-to-point communication between sensors, hardware, and software to send the data with the help of cellular networks. The Internet of Things (IoT)-based devices relies on the cellular networks to send the data whose intermediaries are usually cloud-based or middleware platforms. The decreasing cost of connectivity has led to the rising adoption of M2M-based services and devices globally.

Market Trends, Drivers, Restraints, and Opportunities

Rising penetration of IoT-based devices is anticipated to propel the growth of the market during the forecast period.
Increasing demand for devices with embedded connectivity is expected to boost the market growth in the coming years.
The COVID-19 pandemic had resulted in the lockdown of the manufacturing facilities. This, in turn, has halted the production of vehicles and consumer electronics, which plummeted the growth of the market. However, the market is anticipated to recover soon until the end of year 2021.
Rapid growth of the e-commerce industry amidst the pandemic has boosted the adoption of M2M value-added services to track and monitor the vehicles and goods in real-time. Thus, the increasing adoption of M2M-based services has positively influenced the growth of the market.
Growing integration of latest technology in cellular M2M services is expected to spur the market growth during the forecast period.
Various government initiatives to boost the penetration of the machine across various industries is expected to benefit the market in the projected timeline.

Scope of the Report

The report on the global cellular machine to machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Cellular Machine-to-machine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Healthcare, Retail, Manufacturing, Energy & Utilities, Automotive, Transport & Logistics, and Consumer Electronics)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Verizon Communication, AT&T Inc., Vodafone Group PLC, Amdocs, Sprint Corporation, China Mobile Ltd, Aeris Communications, Sierra Wireless, Telefonica, and Deutsche Telekom AG

Cellular Machine to Machine Market Segment Insights

Transport & logistics segment to grow at a rapid pace

Based on applications, the market is segmented into healthcare, retail, manufacturing, energy & utilities, automotive, transport & logistics, and consumer electronics. In 2020, the transport & logistics segment accounted for a large market share owing to the rapid growth of the e-commerce industry, which increased the adoption of IoT-enabled devices to monitor and track the transport vehicles and orders.

M2M services use GPS technology to track the cargo to enable secured transportation over the course. Moreover, it minimizes the probability of order damage from dispatch to delivery. This segment is anticipated to grow at a rapid pace in the coming years.

Global Cellular Machine to Machine Market Applications

The market in North America to expand at a high CAGR

In terms of regions, the global cellular machine to machine market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is projected to account for a significant market share during the forecast period owing to the early adoption of M2M technology in countries such as the US and Canada. The presence of major industry players and their high investment in M2M applications are expected to propel the growth of the market in the region.

Growing penetration of M2M applications in healthcare, automotive, insurance, and retail, among others in the region is positively contributing to the growth of the market. Moreover, the high ROI in the cellular M2M value-based services is anticipated to boost the regional market growth.

Segments

The global cellular machine to machine market has been segmented on the basis of

Applications

Healthcare
Retail
Manufacturing
Energy & Utilities
Automotive
Transport & Logistics
Consumer Electronics

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Competitive Landscape

The major players of the market are Verizon Communication, AT&T Inc., Vodafone Group PLC, Amdocs, Sprint Corporation, China Mobile Ltd, Aeris Communications, Sierra Wireless, Telefonica, and Deutsche Telekom AG.

Companies are engaging in partnerships with state government bodies and are heavily investing in technology development to expand their market share. Moreover, they are collaborating with companies in various verticals to stronghold their market position.

Global Cellular Machine to Machine Market Share

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cellular Machine to Machine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cellular Machine to Machine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cellular Machine to Machine Market - Supply Chain
  4.5. Global Cellular Machine to Machine Market Forecast
     4.5.1. Cellular Machine to Machine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cellular Machine to Machine Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cellular Machine to Machine Market Absolute $ Opportunity
5. Global Cellular Machine to Machine Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Cellular Machine to Machine Market Size and Volume Forecast by Applications
     5.3.1. Healthcare
     5.3.2. Retail
     5.3.3. Manufacturing
     5.3.4. Energy & Utilities
     5.3.5. Automotive
     5.3.6. Transport & Logistics
     5.3.7. Consumer Electronics
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Cellular Machine to Machine Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cellular Machine to Machine Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cellular Machine to Machine Demand Share Forecast, 2019-2026
7. North America Cellular Machine to Machine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cellular Machine to Machine Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cellular Machine to Machine Market Size and Volume Forecast by Applications
     7.4.1. Healthcare
     7.4.2. Retail
     7.4.3. Manufacturing
     7.4.4. Energy & Utilities
     7.4.5. Automotive
     7.4.6. Transport & Logistics
     7.4.7. Consumer Electronics
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cellular Machine to Machine Demand Share Forecast, 2019-2026
8. Latin America Cellular Machine to Machine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cellular Machine to Machine Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cellular Machine to Machine Market Size and Volume Forecast by Applications
     8.4.1. Healthcare
     8.4.2. Retail
     8.4.3. Manufacturing
     8.4.4. Energy & Utilities
     8.4.5. Automotive
     8.4.6. Transport & Logistics
     8.4.7. Consumer Electronics
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cellular Machine to Machine Demand Share Forecast, 2019-2026
9. Europe Cellular Machine to Machine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cellular Machine to Machine Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cellular Machine to Machine Market Size and Volume Forecast by Applications
     9.4.1. Healthcare
     9.4.2. Retail
     9.4.3. Manufacturing
     9.4.4. Energy & Utilities
     9.4.5. Automotive
     9.4.6. Transport & Logistics
     9.4.7. Consumer Electronics
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cellular Machine to Machine Demand Share Forecast, 2019-2026
10. Asia Pacific Cellular Machine to Machine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cellular Machine to Machine Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cellular Machine to Machine Market Size and Volume Forecast by Applications
     10.4.1. Healthcare
     10.4.2. Retail
     10.4.3. Manufacturing
     10.4.4. Energy & Utilities
     10.4.5. Automotive
     10.4.6. Transport & Logistics
     10.4.7. Consumer Electronics
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cellular Machine to Machine Demand Share Forecast, 2019-2026
11. Middle East & Africa Cellular Machine to Machine Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cellular Machine to Machine Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cellular Machine to Machine Market Size and Volume Forecast by Applications
     11.4.1. Healthcare
     11.4.2. Retail
     11.4.3. Manufacturing
     11.4.4. Energy & Utilities
     11.4.5. Automotive
     11.4.6. Transport & Logistics
     11.4.7. Consumer Electronics
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cellular Machine to Machine Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cellular Machine to Machine Market: Market Share Analysis
  12.2. Cellular Machine to Machine Distributors and Customers
  12.3. Cellular Machine to Machine Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Verizon Communication
     12.4.2. AT&T Inc.
     12.4.3. Vodafone Group PLC
     12.4.4. Amdocs
     12.4.5. Sprint Corporation
     12.4.6. China Mobile Ltd
     12.4.7. Aeris Communications
     12.4.8. Sierra Wireless
     12.4.9. Telefonica
     12.4.10. Deutsche Telekom AG