The machine-to-machine (M2M) connections market size was valued at USD 30.5 billion in 2024 and is projected to reach USD 53.5 billion by 2032, expanding at a CAGR of 7.29% during 2025–2032.
Machine-to-Machine (M2M) Connections Market growth is driven by the rapid growth of IoT ecosystems, increasing adoption of smart devices, and rising real-time data exchange between industries. Machine-to-machine (M2M) technology allows devices to communicate with one another without human intervention in areas including manufacturing, healthcare, automotive, and utilities, driving the automation of processes. The development of 5G networks, low-power wide-area networks (LPWAN), and eSIM technology also stimulates M2M deployments by improving connectivity, reducing latency, and allowing remote configuration and management of devices. Additionally, smart city projects and Industry 4.0 initiatives by governments are supporting adoption. The global M2M connections market is expected to register a large number of connection volumes in billions between 2025 and 2032, growing at a sizeable CAGR. The next phase of market growth will come from new applications in autonomous vehicles, smart grids, and telemedicine.
In the U.S., the Machine-to-Machine Connections Market trend is driven by widespread 5G growth, Industrial IoT and the federal smart infrastructure programs.. The market is expected to grow from USD 7.9 billion in 2024 to USD 25.3 billion by 2032, at a CAGR of 15.8%.
Drivers:
Surge in IoT Device Deployment Leads to Increased Demand for Seamless M2M Communication
The increasing number of IoT devices is one of the important drivers for the M2M connections market. IoT solutions are automating processes across industries that include automotive, healthcare, logistics, and manufacturing, with use cases ranging from predictive maintenance, remote monitoring, and asset tracking. This is where M2M communication plays a vital role in such IoT ecosystems by facilitating real-time data exchange between machines. Moreover, the growth of the connected home, wearables, and connected automobiles is all adding to the M2M ecosystem. The emergence of wireless technologies such as 5G, NB-IoT, and LTE-M makes M2M more efficient, reliable, and scalable, enabling faster implementation in both developed and emerging markets.
Restraints:
Rising Cybersecurity Threats Result in Hesitation Toward Large-Scale M2M Adoption
While M2M has its benefits, the large-scale roll-out of this kind of connection raises serious questions about data privacy and cybersecurity issues. With billions of devices autonomously exchanging data, the risk of security breaches, data interception, or data manipulation rises dramatically. With so many endpoints connected to the network, most of which will not be protected well, adding to the risk of cyber threats, ransomware, and distributed denial of service (DDoS) attacks. Ensuring end-to-end encryption, device authentication, and secure firmware updates is especially important, but difficult in legacy systems. And such dangers could dissuade companies and governments from implementing M2M networks without strong regulatory and cybersecurity frameworks. When implementing M2M on a large scale, the privacy and security of sensitive data remain a major challenge.
Kaspersky reports a thriving underground IoT threat economy, with around 700 DDoS service ads in H1 2023, implying widespread exposure of M2M devices
Opportunities:
Government-Backed Smart City Projects Drive Expansion of M2M Infrastructure
M2M connection providers can see a significant opportunity in smart city initiatives, which are surging across the globe. These initiatives rely on machine communication to fuel connected traffic systems, smart lighting, waste management, utility monitoring, and surveillance networks. M2M connections assist local governments with operational efficiency, environmental impact, and citizen service delivery for M2M by enabling real-time data collection, and in turn, automated identify-reaction mechanisms. As governments are now paying more attention to digital infrastructure and sustainable urban development, we are likely to see a huge increase in M2M solutions. Moreover, AI, edge computing, and M2M are all in the same basket, and this combination in smart cities is creating new opportunities for more intelligent and autonomous cities, which in turn increases demand for scalable M2M wired and wireless networks.
More than 70% of municipalities now combine AI and IoT for predictive analytics—enabling proactive systems such as traffic management and environmental monitoring
Challenges:
Lack of Standardization Causes Integration Issues Across M2M Networks
The biggest challenge in the market of M2M connections market is the absence of standardization between devices, networks, and platforms. Different vendors are using their proprietary technologies, and it is difficult to maintain interoperability between M2M systems. The fragmentation leads to non-trivial integration and may add additional cost and complexity to deployment for the enterprises. Scaling can be a challenging problem, especially when a large-scale IoT application needs to deploy thousands of these heterogeneous devices, and there exists no universal communication standard. The challenge is evident between cross-border and multi-vendor architectures such as those in International logistics or Smart city networks. Solving this problem will require coordinated industry actions and regulatory support through open, interoperable M2M interface standards.
By Technology:
Wireless technologies dominated the M2M market in 2024 and accounted for 81% of the machine-to-machine connections market share, as a result of high 5G deployment, increasing mobile network penetration, and the requirement of volume scalability for IoT and remote asset monitoring. Wireless M2M opens the doors to multiple possibilities from smart cities & industrial automation to offer low-latency & budget-friendly communication. Wireless connections will account for over half of all M2M deployments by 2032, especially LPWAN and NB-IoT and LTE-M networks.
In May 2025, UK-based Wireless Logic (M2M connectivity provider for 25,000+ customers via 53 mobile operators) sold a minority stake to General Atlantic, valuing the company at £3.5 billion, driven by over 20% year-on-year revenue and profit growth, underscoring robust wireless‑M2M market expansion
Wireless M2M is expected to register the fastest CAGR from 2025 to 2032, driven by expanding IoT ecosystems and smart infrastructure projects. Wireless networks are low-cost and scalable, enabling deployments for multi-device, large-scale applications across agriculture, transportation, and utilities. With the edge computing concept in particular and AI integration in general, future growth will also be powered by advances in 5G, enabling ultra-reliable, real-time M2M communication without any geographical boundaries.
By Communication Type:
Cellular M2M dominated the market in 2024 and accounted for a significant revenue share, owing to extensive coverage, reliability, and robust support from telecom operators. GSM, LTE, and now 5G are used in all of the most mission-critical applications out there today, including in fleet tracking, healthcare, and smart utilities. Cellular M2M will continue to be the backbone for all mission-critical deployments in 2032, and this will be facilitated by the standardization of global SIMs and seamless roaming capabilities.
LPWAN is expected to register the fastest CAGR from 2025 to 2032, due to the low-power and long-range attributes of LPWAN suitable for smart agriculture, metering, and remote monitoring. LPWAN offers great scalability with affordability of the connectivity, deep building penetration, and a longer battery life for the devices. The accelerated adoption of NB-IoT and LoRaWAN across developing and rural markets is driven by the widespread NB-IoT and LoRaWAN deployments by governments and utility companies
By Application:
Smart Metering dominated the market in 2024 and represented a significant revenue share, due to utility-scale upgrades mostly in electric, gas, and water management. From municipalities to regulated & unregulated energy firms alike, virtually every country has deployed millions of M2M-enabled meters to facilitate real-time tracking of consumption & grid optimization. Smart Metering will continue to lead the markets until 2032, fueled by mandates for energy efficiency, objectives for cost savings, and a large-scale rollout of two-way communication systems in developed and emerging economies.
Smart cities are projected to register the fastest CAGR from 2025 to 2032, as urban governments take on M2M for intelligent lighting, traffic control, waste management, and surveillance. Urban population, sustainability targets, and high investments in IoT-based infrastructure are the key drivers boosting the growth. M2M networks will be pivotal to automate real-time services and predictive service delivery, which will be the core of future smart city expansion.
By End-Use:
Utilities dominated the M2M market in 2024 and accounted for a significant revenue share, as smart grids, automated meter reading, and remote diagnostics were rapidly adopted. M2M will also see investment from utility providers looking for real-time energy distribution, leakage, and outage control. Utilities will continue leading by 2032, driven by decarbonization, renewable integration, and regulatory mandates that promote digital transformation across power, water, and gas networks.
Automotive & transportation is expected to register the fastest CAGR during the forecast period, owing to the rapid transformation of connected cars, V2X (vehicle-to-everything) communication, and smart fleet management. With M2M, people can improve navigation in real-time, and predictive maintenance can be done based on the analytics they do for the drivers' driving behavior. Autonomous vehicle tests, logistics optimization, and in-vehicle emergency communications system mandates in several
North America dominated the M2M market due to the well-established 5G infrastructure, early adoption of IoT in various industries, and the growing smart utility and smart transportation initiatives supported by government bodies. Connected car deployments, industrial automation, and smart grid modernization are prominent in the U.S. The region remains in the first place until 2032 as the enterprises are investing in real-time M2M solutions mostly in healthcare, logistics, and security systems.
Asia-Pacific is expected to register the fastest CAGR from 2025 to 2032. Due to rapid urbanization, increasing smart city projects, and high mobile penetration. China, India, Japan, and South Korea are investing heavily in LPWAN, smart manufacturing, and connected infrastructure. Government actions and industrial digitalization will drive M2M demand in a diversity of sectors heart of transportation, energy, agriculture and public services.
Europe's M2M market is driven by High regulatory push for smart grids, eCall mandates for vehicles, and factory automation investments. The widespread rollout of 5G will likely fast-track M2M adoption by 2032 and innovative applications including smart cities and increased demand for cross-border, seamlessly interoperable M2M communication networks.
Germany's position as a global manufacturing leader, trailblazer for Industry 4.0, and an established IoT ecosystem have contributed to its leadership of Europe's M2M market. Smart factory, automotive telematics-driven, and public private partnership driven connected infrastructure deployments will propel future growth and lay the foundation to make Germany a compelling M2M hub for scalable solutions.
AT&T Inc., Verizon Communications Inc., Vodafone Group Plc, Telefónica S.A., Deutsche Telekom AG, Orange S.A., China Mobile Ltd., China Telecom Corporation Limited, Telit Cinterion, Sierra Wireless, Thales Group, u-blox Holding AG, Huawei Technologies Co., Ltd., Quectel Wireless Solutions Co., Ltd., Sequans Communications S.A., Nordic Semiconductor ASA, Telenor Group, NTT Communications Corporation, Cisco Systems, Inc., Ericsson AB and others.
In January 2025, AT&T Inc. launched Connected Spaces, a plug-and-play M2M IoT sensor kit designed for SMBs to monitor environmental metrics such as temperature, motion, and leaks in real time.
In March 2025, Verizon Communications Inc. added Skylo and Singtel to its ThingSpace IoT orchestration platform, expanding satellite-enabled global M2M connectivity across over 200 regions.
In April 2025, Vodafone Group Plc surpassed 200 million IoT and M2M connections globally, driven by new integrations with smart health monitoring devices across its international network.
In April 2025, Telefónica S.A. partnered with Dexory to deploy an AI-powered M2M warehouse automation solution, enhancing real-time inventory tracking and operational visibility.
|
Report Attributes |
Details |
|
Market Size in 2024 |
US$ 30.5 Billion |
|
Market Size by 2032 |
US$ 53.5 Billion |
|
CAGR |
CAGR of 7.29% From 2025 to 2032 |
|
Base Year |
2024 |
|
Forecast Period |
2025-2032 |
|
Historical Data |
2021-2023 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Technology (Wired Technologies, Wireless Technologies) |
|
Regional Analysis/Coverage |
North America (US, Canada), Europe (Germany, France, UK, Italy, Spain, Poland, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, ASEAN Countries, Australia, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, Qatar,Egypt, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Mexico, Colombia, Rest of Latin America) |
|
Company Profiles |
AT&T Inc., Verizon Communications Inc., Vodafone Group Plc, Telefónica S.A., Deutsche Telekom AG, Orange S.A., China Mobile Ltd., China Telecom Corporation Limited, Telit Cinterion, Sierra Wireless, Thales Group, u-blox Holding AG, Huawei Technologies Co., Ltd., Quectel Wireless Solutions Co., Ltd., Sequans Communications S.A., Nordic Semiconductor ASA, Telenor Group, NTT Communications Corporation, Cisco Systems, Inc., Ericsson AB and others in the report |
Ans- The expected CAGR of the Machine-to-Machine Connections Market over 2025-2032 is 7.29%.
Ans- The machine-to-machine (M2M) connections market size was valued at USD 30.5 billion in 2024 and is projected to reach USD 53.5 billion by 2032
Ans- Surge in IoT Device Deployment Leads to Increased Demand for Seamless M2M Communication
Ans- Wireless technologies dominated the M2M market in 2024 and accounted for 81% of the machine-to-machine connections market share
Ans- The North America region dominated the Machine-to-Machine Connections Market with 37% of revenue share in 2024.
Table Of Contents
1. Introduction
1.1 Market Definition & Scope
1.2 Research Assumptions & Abbreviations
1.3 Research Methodology
2. Executive Summary
2.1 Market Snapshot
2.2 Market Absolute $ Opportunity Assessment & Y-o-Y Analysis, 2021–2032
2.3 Market Size & Forecast, By Segmentation, 2021–2032
2.3.1 Market Size By Technology
2.3.2 Market Size By Communication Type
2.3.3 Market Size By Application
2.3.4 Market Size By End-User
2.4 Market Share & Bps Analysis By Region, 2024
2.5 Industry Growth Scenarios – Conservative, Likely & Optimistic
2.6 Industry CxO’s Perspective
3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Key Market Trends
3.2 Industry PESTLE Analysis
3.3 Key Industry Forces (Porter’s) Impacting Market Growth
3.4 Industry Supply Chain Analysis
3.4.1 Raw Material Suppliers
3.4.2 Manufacturers
3.4.3 Distributors/Suppliers
3.4.4 Customers/End-Userrs
3.5 Industry Life Cycle Assessment
3.6 Parent Market Overview
3.7 Market Risk Assessment
4. Statistical Insights & Trends Reporting
4.1 Connection & Deployment Metrics
4.1.1 Total Number Of Active M2m Connections Globally And By Industry (2021–2025)
4.1.2 Average Monthly Growth Rate Of New M2m Subscriptions
4.1.3 Device-To-Cloud Latency (In Milliseconds) By Application Type
4.1.4 Sim-Based Vs. Embedded M2m Module Distribution (%)
4.1.5 Share Of Private Vs. Public Network M2m Deployments
4.2 Network & Bandwidth Utilization Statistics
4.2.1 Average Data Consumption Per M2m Connection (Mb/Month)
4.2.2 Bandwidth Usage Distribution By Industry (Logistics, Healthcare, Utilities, Etc.)
4.2.3 M2m Traffic Share As % Of Total Mobile Network Data Traffic
4.2.4 Average Uptime (Availability %) Of M2m Connections
4.2.5 5g M2m Penetration Rate By Deployment Model (%)
4.3 Cost & Pricing Analysis
4.3.1 Average M2m Connection Cost Per Device (By Region And Volume)
4.3.2 Price Trends For Cellular M2m Modules (2018–2025)
4.3.3 Integration Cost Per Endpoint In Enterprise-Grade M2m Networks
4.3.4 Total Cost Of Ownership (Tco) Of M2m Systems Over 5 Years
4.3.5 Connectivity Pricing Models: Per Mb Vs. Flat Rate (%) Adoption Share
4.4 Application & Utilization Metrics
4.4.1 % Of M2m Devices Used For Real-Time Monitoring Vs. Batch Data Collection
4.4.2 Share Of M2m Use Cases In Mission-Critical Applications
4.4.3 Top 5 Industry Sectors By Active M2m Device Count
4.4.4 Average Lifespan Of M2m Devices By Application (Years)
4.4.5 Number Of Software Updates Deployed Per Device Annually (Ota)
4.5 Security & Compliance Statistics
4.5.1 % Of M2m Networks Using Encryption Or Secure Tunnels
4.5.2 Number Of Reported Security Breaches In M2m Networks Per Year
4.5.3 Compliance Rate With Gdpr/Iso 27001 By Industry Vertical
4.5.4 Average Cost Of M2m Cybersecurity Solutions Per 1,000 Devices
4.5.5 Share Of Devices With Remote Locking Or Kill-Switch Capability (%)
5. Machine-to-Machine (M2M) Connections Market Segmental Analysis & Forecast, By Technology, 2021 – 2032, Value (Usd Billion) & Volume (Connections)
5.1 Introduction
5.2 Wired Technologies
5.2.1 Key Trends
5.2.2 Market Size & Forecast, 2021 – 2032
5.3 Wireless Technologies
5.3.1 Key Trends
5.3.2 Market Size & Forecast, 2021 – 2032
6. Machine-to-Machine (M2M) Connections Market Segmental Analysis & Forecast, By Communication Type, 2021 – 2032, Value (Usd Billion) & Volume (Connections)
6.1 Introduction
6.2 Cellular M2M
6.2.1 Key Trends
6.2.2 Market Size & Forecast, 2021 – 2032
6.3 Satellite M2M
6.3.1 Key Trends
6.3.2 Market Size & Forecast, 2021 – 2032
6.5 Short-range M2M (e.g., Zigbee, Bluetooth, Wi-Fi)
6.5.1 Key Trends
6.5.2 Market Size & Forecast, 2021 – 2032
6.4 LPWAN (e.g., LoRa, NB-IoT, Sigfox)
6.6.1 Key Trends
6.6.2 Market Size & Forecast, 2021 – 2032
7. Machine-to-Machine (M2M) Connections Market Segmental Analysis & Forecast, By Application, 2021 – 2032, Value (Usd Billion) & Volume (Connections)
7.1 Introduction
7.2 Smart Metering
7.2.1 Key Trends
7.2.2 Market Size & Forecast, 2021 – 2032
7.3 Asset Tracking
7.3.1 Key Trends
7.3.2 Market Size & Forecast, 2021 – 2032
7.4 Remote Monitoring
7.4.1 Key Trends
7.4.2 Market Size & Forecast, 2021 – 2032
7.5 Predictive Maintenance
7.5.1 Key Trends
7.5.2 Market Size & Forecast, 2021 – 2032
7.6 Fleet Management
7.6.1 Key Trends
7.6.2 Market Size & Forecast, 2021 – 2032
7.7 Smart Cities
7.7.1 Key Trends
7.7.2 Market Size & Forecast, 2021 – 2032
8. Machine-to-Machine (M2M) Connections Market Segmental Analysis & Forecast, By End-User, 2021 – 2032, Value (Usd Billion) & Volume (Connections)
8.1 Introduction
8.2 Healthcare
8.2.1 Key Trends
8.2.2 Market Size & Forecast, 2021 – 2032
8.3 Utilities
8.3.1 Key Trends
8.3.2 Market Size & Forecast, 2021 – 2032
8.4 Automotive & Transportation
8.4.1 Key Trends
8.4.2 Market Size & Forecast, 2021 – 2032
8.5 Retail
8.5.1 Key Trends
8.5.2 Market Size & Forecast, 2021 – 2032
8.6 Consumer Electronics
8.6.1 Key Trends
8.6.2 Market Size & Forecast, 2021 – 2032
8.7 Security & Surveillance
8.7.1 Key Trends
8.7.2 Market Size & Forecast, 2021 – 2032
9. Machine-to-Machine (M2M) Connections Market Segmental Analysis & Forecast By Region, 2021 – 2032, Value (Usd Billion) & Volume (Connections)
9.1 Introduction
9.2 North America
9.2.1 Key Trends
9.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.2.5 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.2.6 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Country, 2021 – 2032
9.2.6.1 USA
9.2.6.1.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.2.6.1.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.2.6.1.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.2.6.1.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.2.6.2 Canada
9.2.6.2.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.2.6.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.2.6.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.2.6.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3 Europe
9.3.1 Key Trends
9.3.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.5 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Country, 2021 – 2032
9.3.6.1 Germany
9.3.6.1.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.1.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.1.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.1.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.2 UK
9.3.6.2.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.3 France
9.3.6.3.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.3.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.3.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.3.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.4 Italy
9.3.6.4.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.4.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.4.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.4.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.5 Spain
9.3.6.5.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.5.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.5.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.5.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.6 Russia
9.3.6.6.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.6.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.6.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.6.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.7 Poland
9.3.6.7.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.7.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.7.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.7.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.3.6.8 Rest of Europe
9.3.6.8.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.3.6.8.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.3.6.8.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.3.6.8.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4 Asia-Pacific
9.4.1 Key Trends
9.4.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.5 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Country, 2021 – 2032
9.4.6.1 China
9.4.6.1.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.1.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.1.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.1.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.2 India
9.4.6.2.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.3 Japan
9.4.6.3.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.3.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.3.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.3.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.4 South Korea
9.4.6.4.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.4.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.4.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.4.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.5 Australia
9.4.6.5.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.5.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.5.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.5.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.6 ASEAN Countries
9.4.6.6.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.6.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.6.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.6.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.4.6.7 Rest of Asia-Pacific
9.4.6.7.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.4.6.7.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.4.6.7.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.4.6.7.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5 Latin America
9.5.1 Key Trends
9.5.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.5 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5.6 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Country, 2021 – 2032
9.5.6.1 Brazil
9.5.6.1.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.6.1.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.6.1.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.6.1.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5.6.2 Argentina
9.5.6.2.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.6.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.6.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.6.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5.6.3 Mexico
9.5.6.3.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.6.3.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.6.3.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.6.3.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5.6.4 Colombia
9.5.6.4.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.6.4.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.6.4.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.6.4.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.5.6.5 Rest of Latin America
9.5.6.5.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.5.6.5.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.5.6.5.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.5.6.5.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6 Middle East & Africa
9.6.1 Key Trends
9.6.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.5 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Country, 2021 – 2032
9.6.6.1 UAE
9.6.6.1.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.1.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.1.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.1.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6.2 Saudi Arabia
9.6.6.2.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.2.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.2.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.2.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6.3 Qatar
9.6.6.3.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.3.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.3.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.3.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6.4 Egypt
9.6.6.4.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.4.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.4.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.4.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6.5 South Africa
9.6.6.5.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.5.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.5.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.5.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
9.6.6.6 Rest of Middle East & Africa
9.6.6.6.1 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Technology, 2021 – 2032
9.6.6.6.2 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Communication Type, 2021 – 2032
9.6.6.6.3 Machine-to-Machine (M2M) Connections Market Size & Forecast, By Application, 2021 – 2032
9.6.6.6.4 Machine-to-Machine (M2M) Connections Market Size & Forecast, By End-User, 2021 – 2032
10. Competitive Landscape
10.1 Key Players' Positioning
10.2 Competitive Developments
10.2.1 Key Strategies Adopted (%), By Key Players, 2024
10.2.2 Year-Wise Strategies & Development, 2021 – 2025
10.2.3 Number Of Strategies Adopted By Key Players, 2024
10.3 Market Share Analysis, 2024
10.4 Product/Service & Communication Type Benchmarking
10.4.1 Product/Service Specifications & Features By Key Players
10.4.2 Product/Service Heatmap By Key Players
10.4.3 Communication Type Heatmap By Key Players
10.5 Industry Start-Up & Innovation Landscape
10.6 Key Company Profiles
10.6 Key Company Profiles
10.6.1 AT&T Inc.
10.6.1.1 Company Overview & Snapshot
10.6.1.2 Product/Service Portfolio
10.6.1.3 Key Company Financials
10.6.1.4 SWOT Analysis
10.6.2 Verizon Communications Inc.
10.6.2.1 Company Overview & Snapshot
10.6.2.2 Product/Service Portfolio
10.6.2.3 Key Company Financials
10.6.2.4 SWOT Analysis
10.6.3 Vodafone Group Plc
10.6.3.1 Company Overview & Snapshot
10.6.3.2 Product/Service Portfolio
10.6.3.3 Key Company Financials
10.6.3.4 SWOT Analysis
10.6.4 Telefónica S.A.
10.6.4.1 Company Overview & Snapshot
10.6.4.2 Product/Service Portfolio
10.6.4.3 Key Company Financials
10.6.4.4 SWOT Analysis
10.6.5 Deutsche Telekom AG
10.6.5.1 Company Overview & Snapshot
10.6.5.2 Product/Service Portfolio
10.6.5.3 Key Company Financials
10.6.5.4 SWOT Analysis
10.6.6 Orange S.A.
10.6.6.1 Company Overview & Snapshot
10.6.6.2 Product/Service Portfolio
10.6.6.3 Key Company Financials
10.6.6.4 SWOT Analysis
10.6.7 China Mobile Ltd.
10.6.7.1 Company Overview & Snapshot
10.6.7.2 Product/Service Portfolio
10.6.7.3 Key Company Financials
10.6.7.4 SWOT Analysis
10.6.8 China Telecom Corporation Limited
10.6.8.1 Company Overview & Snapshot
10.6.8.2 Product/Service Portfolio
10.6.8.3 Key Company Financials
10.6.8.4 SWOT Analysis
10.6.9 Telit Cinterion
10.6.9.1 Company Overview & Snapshot
10.6.9.2 Product/Service Portfolio
10.6.9.3 Key Company Financials
10.6.9.4 SWOT Analysis
10.6.10 Sierra Wireless
10.6.10.1 Company Overview & Snapshot
10.6.10.2 Product/Service Portfolio
10.6.10.3 Key Company Financials
10.6.10.4 SWOT Analysis
10.6.11 Thales Group
10.6.11.1 Company Overview & Snapshot
10.6.11.2 Product/Service Portfolio
10.6.11.3 Key Company Financials
10.6.11.4 SWOT Analysis
10.6.12 Thales Group
10.6.12.1 Company Overview & Snapshot
10.6.12.2 Product/Service Portfolio
10.6.12.3 Key Company Financials
10.6.12.4 SWOT Analysis
10.6.13 u-blox Holding AG
10.6.13.1 Company Overview & Snapshot
10.6.13.2 Product/Service Portfolio
10.6.13.3 Key Company Financials
10.6.13.4 SWOT Analysis
10.6.14 Huawei Technologies Co.
10.6.14.1 Company Overview & Snapshot
10.6.14.2 Product/Service Portfolio
10.6.14.3 Key Company Financials
10.6.14.4 SWOT Analysis
10.6.15 Quectel Wireless Solutions Co., Ltd
10.6.15.1 Company Overview & Snapshot
10.6.15.2 Product/Service Portfolio
10.6.15.3 Key Company Financials
10.6.15.4 SWOT Analysis
10.6.16 Sequans Communications S.A
10.6.16.1 Company Overview & Snapshot
10.6.16.2 Product/Service Portfolio
10.6.16.3 Key Company Financials
10.6.16.4 SWOT Analysis
10.6.17 Nordic Semiconductor ASA
10.6.17.1 Company Overview & Snapshot
10.6.17.2 Product/Service Portfolio
10.6.17.3 Key Company Financials
10.6.17.4 SWOT Analysis
10.6.18 Telenor Group
10.6.18.1 Company Overview & Snapshot
10.6.18.2 Product/Service Portfolio
10.6.18.3 Key Company Financials
10.6.18.4 SWOT Analysis
10.6.19 NTT Communications Corporation
10.6.19.1 Company Overview & Snapshot
10.6.19.2 Product/Service Portfolio
10.6.19.3 Key Company Financials
10.6.19.4 SWOT Analysis
10.6.20 Cisco Systems, Inc
10.6.20.1 Company Overview & Snapshot
10.6.20.2 Product/Service Portfolio
10.6.20.3 Key Company Financials
10.6.20.4 SWOT Analysis
11. Analyst Recommendations
11.1 SNS Insider Opportunity Map
11.2 Industry Low-Hanging Fruit Assessment
11.3 Market Entry & Growth Strategy
11.4 Analyst Viewpoint & Suggestions On Market Growth
12. Assumptions
13. Disclaimer
14. Appendix
14.1 List Of Tables
14.2 List Of Figures
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.
Key Segments:
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By Communication Type
By Application
By End-Use
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Asia Pacific
Middle East & Africa
Latin America
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