Global Machine to Machine Market to Witness Impressive Growth, Revenue to Surge to USD 31.4 Million By 2028

20-Jul-2021 | Zion Market Research

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 report covers forecast and analysis for the Machine to Machine market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Machine to Machine market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Machine to Machine market on a global level.

This report offers comprehensive coverage on global Machine to Machine market along with, market trends, drivers, and restraints of Machine to Machine market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Machine to Machine market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

The study provides a decisive view on the Machine to Machine market by segmenting the market based on component, technology, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028.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. 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.

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.

Browse the full Machine To Machine Market by By Technology (4G/LTE, Wi-Fi, Ethernet, Power-Line And Others), By Component (Actuators, Sensors, Memory, RFID, Power And Communication Modules), Consumer Electronics, Information Technology (IT), Retail, Transportations & Automotives, Healthcare, Security And Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028.” Report at

The global Machine To Machine Market is segmented as follows:

By Technology

  • 4G/LTE
  • Wi-Fi
  • Ethernet
  • Power-Line
  • Others

By Component

  • Actuators
  • Sensors
  • Memory
  • RFID
  • Power
  • Communication Modules

By Application

  • Consumer Electronics
  • Information Technology (IT)
  • Retail
  • Transportations & Automotives
  • Healthcare
  • Security
  • Others

 By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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