Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 935.26 Million | USD 8168.61 Million | 24.2% | 2024 |
The global cellular M2M market size The global cellular m2m market size was worth around USD 935.26 Million in 2024 and is predicted to grow to around USD 8168.61 Million by 2034 with a compound annual growth rate (CAGR) of roughly 24.2% between 2025 and 2034. The report analyzes the global cellular m2m market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cellular m2m industry.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Cellular-based M2M communication is utilized for covering a wide region using the cellular network. Communication equipment that helps in machine-to-machine communication is connected via cellular networks. This equipment is portable and used in communicating their statuses sometimes. Customers are becoming optimistic about wireless communication connectivity including smartphones and iPhones globally. Reportedly, cellular M2M communication activities are increasing rapidly owing to the penetration of iPhones and smartphones in the various business verticals globally.
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Favorable government initiatives towards installing cellular M2M communication modes to boost the global market trends
Rapid growth of the cellular M2M market across the globe over the assessment period can be attributed to favorable initiatives by the government for promoting the deployment of cellular M2M communication modes for a slew of systems. Furthermore, the voice industry is at the point of saturation and this has produced the need for firms & mobile network operators to explore new domains such as M2M communication. This, in turn, will prop up the expansion of the cellular M2M market globally in the years to come. Escalating demand for remote monitoring & control and the launching of 4G and 5G networks across the globe are some of the major factors that will influence the expansion of the global cellular M2M industry. Some of the key growth drivers of the global market include regulatory compliances, reduction in the cost of connectivity apps, and growing traction for risk assessment & management.
Surging security concerns owing to data sharing via cloud solutions to impede the global market growth
Growing data security concerns due to data sharing through cloud services at various locations can put brakes on the growth of the global cellular M2M industry. Reportedly, a large number of cellular-driven M2M application providers map, store, and monitor personal data of people, vehicle & asset information, and remote access to various IT systems. This can pose a threat to the growth of the cellular M2M business in the ensuing years. In addition, growing concerns about the disclosure of key information to vendors for purpose of promotional activities can pose a threat to the expansion of the global industry.
Adoption of AI, VR, AR, IoT, and big data analytics to open growth avenues for the market across the globe
Rising acceptance of new technologies such as big data analytics, IoT, AI, virtual reality, and augmented reality will open new opportunities for growth for the global cellular M2M market. Breakthroughs in wireless communications and sensors & actuators will proliferate the demand for connected things, thereby opening new vistas of growth for the global cellular M2M market.
Rising security threats due to immense use of cloud & mobile technologies pose a big challenge to the growth of the global industry
Increasing security issues related to insurance data, the need for regulating the flow of sensitive & critical information, and access rights of online assets as well as intellectual property protection have posed a huge challenge to the growth of the global cellular M2M industry.
The global cellular M2M market is sectored into service, application, end-user, organization size, and region.
In terms of service, the global cellular M2M market is segmented into connectivity, managed, and professional segments. Apparently, the connectivity segment, which made lucrative contributions towards the global market share in 2022, is anticipated to retain its dominant position in the forecasting years. The segmental expansion can be attributed to rise in the complex applications deployed by clients. Apart from this, connectivity services ensure the security, reliability, and scalability of operations. This will further prop up the scope of the segmental growth in the years to come.
Based on the application, the global cellular M2M industry is divided into asset tracking & monitoring, telemedicine, fleet management, and predictive maintenance segments. Furthermore, the asset tracking & monitoring segment is set to record massive growth over the coming years. The growth of the segment over the projected timeline can be attributed to its ability to fix issues such as inefficient procedures, theft, damage, loss of valuable assets, and declining operational efficiency.
By End-user, the global cellular m2m market is split into Healthcare, Energy & Utilities, Transportation & logistics, Manufacturing.
Report Attributes | Report Details |
---|---|
Report Name | Cellular M2M Market |
Market Size in 2024 | USD 935.26 Million |
Market Forecast in 2034 | USD 8168.61 Million |
Growth Rate | CAGR of 24.2% |
Number of Pages | 206 |
Key Companies Covered | AT&T (US), Verizon (US), T-Mobile (US), Deutsche Telekom (Germany), Orange S.A. (France), Telefonica (Spain), Vodafone (U.K.), Ericsson (Sweden), , Kore Wireless (U.S.), , Aeris (U.S.), , Arm Holdings (U.K.), , China Mobile (China), , Infineon (Germany), , Thales Group (France), Orbocomm (U.S.), , Telit (U.K.), , Giesecke+Devrient (Germany), Cubic Telecom (Ireland), , KPN (Netherlands), A1 Digital (Austria), S.K. Telecom (South Korea), Rogers Communications (Canada), Telenor Connexion (Sweden), Truphone (U.K.), 1oT (Estonia), and others. |
Segments Covered | By Services, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Cellular M2M Market in North America To Record Massive Growth Over 2025-2034
The cellular M2M market in the North American sub-continent is predicted to witness massive growth during the forecasting years. The growth of the regional market in 2025-2034 can be subject to the adoption of new technologies including cloud and mobile technologies in cellular M2M services. Furthermore, the sub-continent includes key industry players such as T-Mobile, AT&T, and Verizon.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cellular m2m market on a global and regional basis.
The global cellular m2m market is dominated by players like:
The global cellular m2m market is segmented as follows;
By Services
By Application
By End-user
By Region
FrequentlyAsked Questions
Cellular-based M2M communication is utilized for covering a wide region using the cellular network. Communication equipment that helps in machine-to-machine communication is connected via cellular networks.
The global cellular m2m market is expected to grow due to increasing adoption of IoT devices, advancements in cellular technologies like 4G and 5G, growing demand for automation and remote monitoring across various industries, and the rising emphasis on smart city initiatives.
According to a study, the global cellular m2m market size was worth around USD 935.26 Million in 2024 and is expected to reach USD 8168.61 Million by 2034.
The global cellular m2m market is expected to grow at a CAGR of 24.2% during the forecast period.
North America is expected to dominate the cellular m2m market over the forecast period.
Leading players in the global cellular m2m market include AT&T (US), Verizon (US), T-Mobile (US), Deutsche Telekom (Germany), Orange S.A. (France), Telefonica (Spain), Vodafone (U.K.), Ericsson (Sweden), , Kore Wireless (U.S.), , Aeris (U.S.), , Arm Holdings (U.K.), , China Mobile (China), , Infineon (Germany), , Thales Group (France), Orbocomm (U.S.), , Telit (U.K.), , Giesecke+Devrient (Germany), Cubic Telecom (Ireland), , KPN (Netherlands), A1 Digital (Austria), S.K. Telecom (South Korea), Rogers Communications (Canada), Telenor Connexion (Sweden), Truphone (U.K.), 1oT (Estonia), among others.
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