Cellular M2M Market – By Type, Application, Size, Growth, Analysis & Forecast 2024

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Global Cellular M2M Market: Overview

Cellular-based M2M communication is used to cover a wide area by using the cellular network. Communication devices are connected through cellular networks and hence communication is initiated. These devices are mobile and used to communicate about their statuses periodically. Consumers are becoming more enthusiastic about wireless communication connectivity such as smartphones across the world. Hence, cellular M2M communication is expanding due to penetration of smartphones globally in the different industry verticals.

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Global Cellular M2M Market: Growth Factors

Growth in the global cellular M2M market is owing to factors such as various initiatives taken by the government in order to promote the deployments for cellular M2M modules for different systems. Voice market is getting saturated and has created the need for exploring new income areas such as M2M communication for mobile network operators; this, in turn, is offering new growth opportunities and giving significant momentum to the cellular M2M market in the coming years. Increasing need for remote monitoring & control and launch of 3G/4G networks globally are the key factors responsible for the growth of the global market. Others factors boosting the global market are the increase in regulatory compliances, decreasing the cost of connectivity applications, and increased traction for risk assessment and management.

Global Cellular M2M Market: Segmentation

The global cellular M2M market is categorized based on verticals as banking & financial services, utilities, transport & logistics, security, healthcare, automotive, and networking. Of these, automotive is the leading segment in the global market whereas, transport & logistics is the second largest segment growing at a significant rate. Utility vertical is another gowning segment in the global cellular M2M market where this module is used to collect data from the smart meters. However, Implementation of the smart grids in order to reduce power loss has enhanced the global market growth. Based on modules, the global cellular M2M market is fragmented as WiMAX and LTE, GPRS, UMTS/HSPA, EDGE, and CDMA2000 modules. Of these, GPRS is the dominating segment and EDGE ranks second in the global market.

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Global Cellular M2M Market: Regional Analysis

The geographical segment in the global cellular M2M market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America holds the largest market share in the global market. The increasing acceptance of the cellular M2M in the business operations in North America will spur the global market in future. Asia Pacific is another region growing at the faster rate owing to bring your own device trend getting popular among small and medium size enterprises in order to improve business continuity management and privacy risk management, which is anticipated to foster the global cellular M2M market growth.

Global Cellular M2M Market: Competitive Players

Major players in the global cellular M2M market are Vodafone Group PLC., Aeris Communications, Sierra Wireless, Verizon Communication Inc., Amdocs Inc., and China Mobile Limited. Others players influencing the global market are AT&T Inc., Sprint Corporation, Telefónica S.A., and Deutsche Telekom AG.

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