Report Id: SNS/ICT/1754 | June 2022 | Region: Global | 135 Pages
Report Scope & Overview:
The Cellular M2M market size was valued at USD 10.84 Bn in 2021 and is expected to reach USD 36.42 Bn by 2028, and grow at a CAGR of 18.9% over the forecast period 2022-2028.
M2M stands for machine-to-machine communication, which is defined as communication between two devices from any place that has enabled SIMS. Wireless or wired connections can be used to connect the machines. M2M allows for the approval of a variety of services, including mobile assets, fleet cars, electricity meters, and stranded assets. M2M communication is useful for connecting equipment that is mistreated in existing networks. When it comes to managing M2M device connections, the property is crucial. Wireless property is being more widely used in a variety of businesses. M2M has made it possible for businesses with devices in several places to have a broader scope of the property.
Cellular M2M communication allows devices to communicate directly with one another without the need for automation or human interaction. These communication systems are primarily used to provide dependable and effective remote management, property, and hardware communication solutions to a wide range of trade verticals throughout the world, including energy & utilities, healthcare, production, and others.
The major telecom solutions supplier will debut numerous options in March 2022, including a new "Omnichannel" communication platform for businesses, M2M functionality with eSim, an application to purchase eSim from anywhere in the globe, and an antifraud solution to safeguard operators' earnings. Monty Mobile's commitment to innovation and position as an industry leader with pioneering in-house tailored state-of-the-art telecom solutions are highlighted in the event's e-catalog.
High-speed internet and connection technologies, such as 4G and 5G, are becoming more widely used.
Increasing the integration of software applications in devices to improve performance.
For cost-effectiveness, there is a growing demand for remote monitoring of equipment.
Government restrictions in the telecom and communications sector are rapidly expanding.
Concerns about data privacy and security are growing.
technology use, such as big data and analytics, is rising.
IoT is gaining traction.
Cloud and mobile technologies are posing more security risks.
Data traffic is growing at an ever-increasing rate.
IMPACT OF COVID-19:
The worldwide COVID pandemic has had a favorable influence on the global cellular M2M business, which is expected to grow in the aftermath of the COVID-19 epidemic. Due to the fast spread of the coronavirus throughout the world, many firms were compelled to convert to remote working, making it impossible for staff to be accessible on the field. Many firms and manufacturing plants have used cellular M2M systems to monitor, record, operate and diagnose many of their tools without having to send an employee out into the field. As a consequence of the unexpected necessity for remote monitoring and operating tools, the COVID-19 pandemic has had a generally positive impact on the cellular M2M business, resulting in increased demand for cellular M2M technology and products.
The need for connection services is increasing as clients install more complicated applications. Services must provide security, dependability, scalability, and coverage in remote locations. As a result, providing global roaming services and SIM cards has become an important part of constructing end-to-end IoT systems.
Asset monitoring has been used to combat theft and loss of assets, inefficient processes, and poor operational efficiency. The M2M asset monitoring tool enables organizations to manage assets effectively in order to improve employee safety, automate processes, and optimize their supply chain. The application is essential for asset health maintenance as well as troubleshooting in the event of an emergency.
The adoption of cellular M2M services and solutions on a worldwide scale has had a considerable impact on the transportation and logistics business. Many major stakeholders in the value chain can communicate information through M2M technology and improve efficiency as a result of rapid digitalization. The logistic and transportation processes are being revolutionized with the assistance of cellular M2M technologies, and firms are introducing customized solutions for efficient supply chain and delivery systems.
Large organizations benefit from cellular M2M service providers' assistance in optimizing network infrastructure, deploying cutting-edge apps that help them minimize operating costs, increase operational efficiency, solve IoT device difficulties, and identify and mitigate security threats. They are continually looking for methods to implement industry solutions that will help them improve their operational efficiency.
KEY MARKET SEGMENTS:
On The Basis of Services
On The Basis of Application
Asset Tracking & Monitoring
On The Basis of organization size
On The Basis of End-User
Energy & Utilities
Transportation & Logistics
North America dominated the cellular M2M market, followed by Asia-Pacific and Europe, and it is likely to continue to do so till the conclusion of the forecast period. One of the most important markets for cellular M2M in North America. The United States held the greatest proportion of the market, followed by Canada and Mexico. Growing M2M cellular use in North American company operations will boost worldwide demand in the future. For the foreseeable future, emerging markets are likely to offer more opportunities for M2M cellular devices. From 2022 to 2028, Asia Pacific is predicted to expand at the fastest rate. Asia Pacific is another fast-growing area, owing to the growing popularity of the bring-your-own-device trend among small and medium-sized businesses in order to improve business continuity management and privacy risk management, which is predicted to drive worldwide cellular M2M market growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are AT&T, Verizon Communications Inc., T-Mobile, Vodafone, Orange S.A., Telefónica, S.A., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, KORE Wireless Group, Aeris Communications India Pvt. Ltd.
|Market Size in 2021||US$ 10.84 Bn|
|Market Size by 2028||US$ 36.42 Bn|
|CAGR||CAGR of 18.9% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Services (Connectivity Services, Professional Services, and Managed Services)
• by Application (Asset Tracking & Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Others)
• by Organization size (Large Enterprises and SMEs)
• by End-User (Healthcare, Energy & Utilities, Transportation & Logistics, Manufacturing, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||AT&T, Verizon Communications Inc., T-Mobile, Vodafone, Orange S.A., Telefónica, S.A., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, KORE Wireless Group, Aeris Communications India Pvt. Ltd.|
|Key Drivers||• High-speed internet and connection technologies, such as 4G and 5G, are becoming more widely used
• Increasing the integration of software applications in devices to improve performance
|Market Opportunities||• technology use, such as big data and analytics, is rising
• IoT is gaining traction
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Cellular M2M market is 2022-2028.
Ans: - Concerns about data privacy and security are growing.
Ans: - The segments covered in the Cellular M2M Market report for study are on the basis of the Services, Application, organization, and size End-User.
Ans: - The major key players are AT&T, Verizon Communications Inc., T-Mobile, Vodafone, Orange S.A., Telefónica, S.A., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, KORE Wireless Group, Aeris Communications India Pvt. Ltd.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cellular M2M Market Segmentation, by Services
8.1 Connectivity Services
8.2 Professional Services
8.3 Managed Services
9. Cellular M2M Market Segmentation, by Application
9.1 Asset Tracking & Monitoring
9.2 Predictive Maintenance
9.4 Fleet Management
9.5 Warehouse Management
9.6 Industrial Automation
9.8 Smart Meter
10. Cellular M2M Market Segmentation, by organization size
10.1 Large Enterprises
11. Cellular M2M Market Segmentation, by End-User
11.2 Energy & Utilities
11.3 Transportation & Logistics
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2. Verizon Communications Inc.
13.5 Orange S.A.
13.6 Telefónica, S.A.
13.7 Deutsche Telekom AG
13.8 Telefonaktiebolaget LM Ericsson
13.9 KORE Wireless Group
13.10 Aeris Communications India Pvt. Ltd.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.