The global Machine To Machine market accounted for USD 23.1 Billion in 2020 and is expected to reach USD 31.4 Billion by 2028, growing at a CAGR of around 3.9% between 2021 and 2028.
The global Machine To Machine market accounted for USD 23.1 Billion in 2020 and is expected to reach USD 31.4 Billion by 2028, growing at a CAGR of around 3.9% between 2021 and 2028.
Growing implementation of connected technologies like IoT during wireless communication systems also as massive penetration of internet across the world will predominantly impact the expansion of machine to machine market over the years to return. Aside from this, the immense application of machine-to-machine connections across all the business verticals including consumer electronics, retail, healthcare, security, information technology, and transport sectors will drive the expansion of the machine-to-machine market. Additionally, enhanced use of wired also as wireless connections across myriad industries will trigger the expansion of machine to machine market.
The COVID19 outbreak has adversely impacted the economy worldwide, and therefore the rate of growth has stooped right down to lower limits. The working sector and businesses faced many challenges and remained closed during the pandemic, which caused severe financial losses. However, the worldwide market sustained in these adverse circumstances and maintained a stable rate of growth. During the pandemic, people mostly stayed at home, which escalated the dependence on technology. Moreover, many companies allowed employees to figure from home, which increased the usage of the web and elevated the worldwide market demand. The main shift towards technological advancements has boosted the expansion of the worldwide market and can also prompt the potential of the market within the near future.
The rampant popularity of wireless connectivity enabled equipment such as wireless beacons, patient health monitoring devices, and MPOS equipment is forecast to nurture the demand for the machine to machine market in the upcoming years. The growing demand for Machine To Machine from the Asia Pacific is expected to provide great growth opportunities for the key players in the global Machine To Machine market in the coming years. Technological advancements to improve efficiency and quality are also expected to open new avenues of opportunities in the coming years.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Technology segment of this study includes 4G/LTE, Wi-Fi, Ethernet, power-line, and others. A component segment of this study includes actuators, sensors, memory, RFID, power and communication modules. Further, major application segments analyzed in this market report are consumer electronics, Information Technology (IT), retail, transportations & automotive, healthcare and security. Among the various end-user industries covered in this report, automotive and transportation held the largest market share, followed by the utilities vertical. The growing number of connected cars and the development of vehicle-to-vehicle and vehicle-to-infrastructure framework are driving the growth of this sector.
Regionally, North America has been leading the worldwide machine to machine market and is anticipated to continue on the dominant position in the years to come. Standardization of protocols in machine to machine equipment manufacturing as well as testing firms is the main factor behind the dominance of the North America machine to machine market. The high number of market players headquartered in North America is applying machine to machine solutions in consumer electronics sector and this is yet another key factor that is supporting the progression of this regional machine to machine market.
Key players profiled in the report include Verizon Communications, Inc., AT&T, Inc., Vodafone Grp., Rogers Communication, Axeda Corp., Atmel Corp, and Cisco Systems are some of the key vendors of machine to machine across the world.
List of Figures
FIG NO. 1. Market Attractiveness Analysis, Component
FIG NO. 2. Market Attractiveness Analysis, By Technology
FIG NO. 3. Market Attractiveness Analysis, By Application
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Machine To Machine Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, Component, 2020 & 2028
FIG NO. 8. Global Machine To Machine Market for Actuators, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Global Machine To Machine Market for Actuators, By Country, 2020 & 2028
FIG NO. 10. Global Machine To Machine Market for Memory, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Global Machine To Machine Market for Memory, By Country, 2020 & 2028
FIG NO. 12. Global Machine To Machine Market for RFID, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Global Machine To Machine Market for RFID, By Country, 2020 & 2028
FIG NO. 14. Global Machine To Machine Market for Sensors, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Global Machine To Machine Market for Sensors, By Country, 2020 & 2028
FIG NO. 16. Global Machine To Machine Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Global Machine To Machine Market for Others, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 19. Global Machine To Machine Market for 4G/LTE, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Global Machine To Machine Market for 4G/LTE, By Country, 2020 & 2028
FIG NO. 21. Global Machine To Machine Market for Wi-Fi, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Global Machine To Machine Market for Wi-Fi, By Country, 2020 & 2028
FIG NO. 23. Global Machine To Machine Market for Ethernet, Revenue (USD Billion) 2016 – 2028
FIG NO. 24. Comparative Revenue Analysis of Global Machine To Machine Market for Ethernet, By Country, 2020 & 2028
FIG NO. 25. Global Machine To Machine Market for Power-Line, Revenue (USD Billion) 2016 – 2028
FIG NO. 26. Comparative Revenue Analysis of Global Machine To Machine Market for Power-Line, By Country, 2020 & 2028
FIG NO. 27. Global Machine To Machine Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 28. Comparative Revenue Analysis of Global Machine To Machine Market for Others, By Country, 2020 & 2028
FIG NO. 29. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 30. Global Machine To Machine Market for Consumer Electronics, Revenue (USD Billion) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Global Machine To Machine Market for Consumer Electronics, By Country, 2020 & 2028
FIG NO. 32. Global Machine To Machine Market for Information Technology (IT), Revenue (USD Billion) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Global Machine To Machine Market for Information Technology (IT), By Country, 2020 & 2028
FIG NO. 34. Global Machine To Machine Market for Transportations & Automotives, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Global Machine To Machine Market for Transportations & Automotives, By Country, 2020 & 2028
FIG NO. 36. Global Machine To Machine Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Global Machine To Machine Market for Others, By Country, 2020 & 2028
FIG NO. 38. Global Machine To Machine Market Revenue Share, By Region, 2020 & 2028
FIG NO. 39. North America Global Machine To Machine Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 40. Porter’s Five Forces Analysis for Global Machine To Machine Market
FIG NO. 41. PEST Analysis for Global Machine To Machine Market
FIG NO. 42. Pricing Analysis for Global Machine To Machine Market
FIG NO. 43. Value Chain Analysis for Global Machine To Machine Market
FIG NO. 44. Company Share Analysis, 2019
FIG NO. 45. Radar Determinant Chart, 2019
FIG NO. 46. Company Strategic Developments – Heat Map Analysis
FIG NO. 47. Business Segment Revenue Share, 2020 (%)
FIG NO. 48. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 49. Market Channels
FIG NO. 50. Marketing Channel Development Trend
FIG NO. 51. Growth in World Gross Product, 2008-2018
FIG NO. 52. Research Methodology – Detailed View
FIG NO. 53. Research Methodology
List of Tables
TABLE NO. 1. Global Machine To Machine Market: Snapshot
TABLE NO. 2. Quarterly Global Machine To Machine Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Global Machine To Machine Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Machine To Machine Market for Actuators, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Machine To Machine Market for Memory, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Machine To Machine Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Machine To Machine Market for 4G/LTE, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Machine To Machine Market for Wi-Fi, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Machine To Machine Market for Ethernet, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Machine To Machine Market for Power-Line, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Machine To Machine Market for Consumer Electronics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Machine To Machine Market for Information Technology (IT), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Machine To Machine Market for Transportations & Automotives, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Machine To Machine Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Machine To Machine Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Global Machine To Machine Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Global Machine To Machine Market Revenue, Component, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Global Machine To Machine Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Global Machine To Machine Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Global Machine To Machine Market Revenue, Component, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Global Machine To Machine Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Global Machine To Machine Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Global Machine To Machine Market Revenue, Component, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Global Machine To Machine Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Global Machine To Machine Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Global Machine To Machine Market Revenue, Component, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Global Machine To Machine Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Global Machine To Machine Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 30. Drivers for the Global Machine To Machine Market: Impact Analysis
TABLE NO. 31. Restraints for the Global Machine To Machine Market: Impact Analysis
TABLE NO. 32. Major Buyers of Global Machine To Machine Market
TABLE NO. 33. Distributors/Traders List of Global Machine To Machine Market
TABLE NO. 34. Global Machine To Machine Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 35. Global Machine To Machine Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Machine to Machine market. Zion Research has collected and analyzed key data belong to the global Machine to Machine market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Machine to Machine across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Machine to Machine industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Machine to Machine market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Digital communication between an endpoints and an enterprise’s backend system over telecommunication network or internet is called machine to machine communication. Machine to machine connectivity can be used across the wired and wireless industry to connect deployed endpoints through satellite, internet, mobile and other private telecommunication networks. This technology consists of devices such as meters and sensors to capture attributes such as temperature and location. These data points are then transmitted through the network software or application to translate captured data into meaningful information.
Heavy dependency on the wholesale machine to machine mobile virtual network operators that buy bandwidth at wholesale price is driving this market globally. Further, growing demand for extended communication network coverage from consumers which in turn is improving the efficiency and productivity of machinery that works on buildings, cars, and the wireless network is anticipated to play a vital role to boost the demand for the machine to machine communication technology. Along with it, increasing use of wireless connectivity enabled products such as wireless beacons, mobile point of sale (MPoS) devices, and patient health monitoring devices in the industry is another major factor expected to drive demand for the machine to machine communication technology in coming years. Additionally, increasing adoption of Internet of Things (IoT) in a wireless communication system and growing penetration of internet across the world is presently driving the machine to machine market. In future, a strategic collaboration of machine to machine solutions providers with system integrators and companies providing networking solutions is expected to fuel the growth of this market. However, privacy and security concern of data that is transmitted over a communication network through devices is one of the major factor restraining the growth of this market.
Machine to machine market is segmented on the basis of technology, component, application, and regional. Based on technology the market for a machine to machine is segmented into 4G/LTE, Wi-Fi, Ethernet, power-line, and others. Due to the common communication medium for the machine to machine application, 4G/LTE is leading technology to this technology segment. Further, on the basis of components, the machine to machine market is divided into actuators, sensors, memory, RFID, power, and communication modules. Due to voice, high-speed data, and IP based wireless communication with seamless global roaming; communication module is the leading component in this segment. Furthermore, consumer electronics, Information Technology (IT), retail, transportations & automotive, healthcare, and security are application segments of the machine to machine market. Increasing competition between dedicated devices such as digital cameras, handheld gaming consoles, e-readers, and multipurpose devices such as tablets and smartphones in M2M connectivity makes consumer electronics leading application for this market. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil.
Major players in this market are Verizon Communications, Inc., AT&T, Inc., Vodaphone Grp., Rogers Communication, Axeda Corp., Atmel Corp, Cisco Systems, Imetrik Machine to Machine solutions, Inc., Cypress Semiconductor Corp, Infineon Technologies, Freescale Semiconductor, Inc., NEC Corp., NTT Docomo, Inc., and Novatel Wireless, Inc.
The global Machine To Machine Market was valued at USD 23.1 Billion in 2020.
The global Machine To Machine Market is expected to reach USD 31.5 Billion by 2028, growing at a CAGR of 3.9% between 2021 to 2028.
Growing implementation of connected technologies such as IoT in a wireless communication systems as well as massive penetration of internet across the globe will predominantly impact the growth of machine to machine market over the years to come.
Asia Pacific was the biggest area for Machine To Machine market in 2020.
Key players profiled in the report include Verizon Communications, Inc., AT&T, Inc., Vodafone Grp., Rogers Communication, Axeda Corp., Atmel Corp, and Cisco Systems are some of the key vendors of machine to machine across the world.
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