Machine to Machine (M2M) Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Machine to Machine (M2M) Service Trends and Forecast

The future of the global machine to machine (M2M) service market looks promising with opportunities in the automotive & transportation, consumer electronics, healthcare, and security & surveillance markets. The global machine to machine (M2M) service market is expected to reach an estimated $274.8 billion by 2030 with a CAGR of 25.1% from 2024 to 2030. The major drivers for this market are growing adoption of connected devices and emergence of industy 4.0.

A more than 150-page report is developed to help in your business decisions.

Machine to Machine (M2M) Service by Segment

The study includes a forecast for the global machine to machine (M2M) service by technology, end use industry, and region.

Machine to Machine (M2M) Service Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Wireless
• Wired

Machine to Machine (M2M) Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Automotive & Transportation
• Consumer Electronics
• Healthcare
• Security & Surveillance
• Others

Machine to Machine (M2M) Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Machine to Machine (M2M) Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies machine to machine (M2M) service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the machine to machine (M2M) service companies profiled in this report include-

• IBM
• Rogers Communications
• Cstar Technologies
• Nokia
• Comarch

Machine to Machine (M2M) Service Market Insights

Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period due to its rising usage in variety of applications, such as in-car entertainment systems, patient monitoring devices, and wireless beacons.

Within this market, automotive & transportation is expected to witness the highest growth due to rising number of connected automobiles and rapid expansion of vehicle-to-vehicle and vehicle-to-infrastructure frameworks.

APAC is expected to witness highest growth over the forecast period due to rising internet penetration in commercial and residential spaces, existence of key customer base, and availability of robust it infrastructure in the region.

Features of the Global Machine to Machine (M2M) Service Market

Market Size Estimates: Machine to machine (M2M) service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Machine to machine (M2M) service market size by technology, end use industry, and region in terms of value ($B).

Regional Analysis: Machine to machine (M2M) service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, end use industries, and regions for the machine to machine (M2M) service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the machine to machine (M2M) service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the machine to machine (M2M) service market size?

Answer: The global machine to machine (M2M) service market is expected to reach an estimated $274.8 billion by 2030.

Q2. What is the growth forecast for machine to machine (M2M) service market?

Answer: The global machine to machine (M2M) service market is expected to grow with a CAGR of 25.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the machine to machine (M2M) service market?

Answer: The major drivers for this market are growing adoption of connected devices and emergence of industy 4.0.

Q4. What are the major segments for machine to machine (M2M) service market?

Answer: The future of the machine to machine (M2M) service market looks promising with opportunities in the automotive & transportation, consumer electronics, healthcare, and security & surveillance markets.

Q5. Who are the key machine to machine (M2M) service market companies?

Answer: Some of the key machine to machine (M2M) service companies are as follows:

• IBM
• Rogers Communications
• Cstar Technologies
• Nokia
• Comarch

Q6. Which machine to machine (M2M) service market segment will be the largest in future?

Answer: Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period due to its rising usage in variety of applications, such as in-car entertainment systems, patient monitoring devices, and wireless beacons.

Q7. In machine to machine (M2M) service market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising internet penetration in commercial and residential spaces, existence of key customer base, and availability of robust it infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the machine to machine (M2M) service market by technology (wireless and wired), end use industry (automotive & transportation, consumer electronics, healthcare, security & surveillance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?