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Cellular M2M Market

Cellular M2M Market Size, Share & Segmentation 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), by Regions and Global Market Forecast 2023-2030

Report Id: SNS/ICT/1754 | June 2022 | Region: Global | 135 Pages

Report Scope & Overview:

The Cellular M2M market size was valued at USD 12.88 Bn in 2022 and is expected to reach USD 51.48 Bn by 2030, and grow at a CAGR of 18.9% over the forecast period 2023-2030.

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 Market

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.


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.


On The Basis of Services

  • Connectivity Services 

  • Professional Services

  • Managed Services

On The Basis of Application

  • Asset Tracking & Monitoring

  • Predictive Maintenance

  • Telemedicine

  • Fleet Management

  • Warehouse Management

  • Industrial Automation

  • Smart Meter

  • Others

On The Basis of organization size

  • Large Enterprises

  • SMEs

On The Basis of End-User

  • Healthcare

  • Energy & Utilities

  • Transportation & Logistics

  • Manufacturing

  • Others

Cellular M2M Market


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.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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


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.

Cellular M2M Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 12.88 Bn
Market Size by 2030  US$ 51.48 Bn
CAGR   CAGR of 18.9% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


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

9.3 Telemedicine

9.4 Fleet Management

9.5 Warehouse Management

9.6 Industrial Automation

9.8 Smart Meter

9.9 Others


10. Cellular M2M Market Segmentation, by organization size

10.1 Large Enterprises

10.2 SMEs


11. Cellular M2M Market Segmentation, by End-User

11.1 Healthcare

11.2 Energy & Utilities

11.3 Transportation & Logistics

11.4 Manufacturing

11.5 Others


12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America


13. Company Profiles

13.1 AT&T

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2. Verizon Communications Inc.

13.3 T-Mobile

13.4 Vodafone

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


15. Conclusion

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