Machine To Machine Market Size, Share, Growth Report 2032

Machine To Machine Market

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

Category: Technology & Media Report Format : PDF Pages: 162 Report Code: ZMR-2504 Published Date: Jul-2021 Status : Published

The global Machine To Machine market accounted for $23.1 Bn in 2020 and is expected to reach $31.4 Bn by 2028, growing at a CAGR of 3.9%

Market Overview                          

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.

Machine To Machine Market SizeRequest Free Sample

COVID-19 Impact Analysis:  

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.

Machine To Machine Market SizeRequest Free Sample

Growth Factors

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.

Global Machine To Machine Market: Report Scope:

Report Attributes Report Details
Report Name Machine To Machine Market
Market Size in 2020 USD 23.1 Billion
Market Forecast in 2028 USD 31.4 Billion
Compound Annual Growth Rate CAGR of 3.9%
Number of Pages 162
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Verizon Communications, Inc., AT&T, Inc., Vodafone Grp., Rogers Communication, Axeda Corp., Atmel Corp, and Cisco Systems
Segments Covered By Technology, By Component, By Application And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2018 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Segment Analysis Preview  

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. 

Machine To Machine MarketRequest Free Sample

Regional Analysis Preview  

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 Market Players & Competitive Landscape

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.

Machine To Machine Market RegionRequest Free Sample

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

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

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.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed