The Machine-To-Machine (M2M) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size for the machine-to-machine (M2M) sector experienced substantial growth recently. It is projected to increase from $33.71 billion in 2024 to $36.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.3%.
The global machine-to-machine (M2M) market is projected to reach a value of $49.79 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.1%.
Download Your Free Sample of the 2025 Machine-To-Machine (M2M) Market Report and Uncover Key Trends Now!The key drivers in the machine-to-machine (m2m) market are:
•Increasing adoption of 5G technology
•The rise in edge computing
•Integration of Artificial Intelligence (AI)
•Growth in data analytics
•Expansion of the Internet of Things (IoT)
•Increased need for enhanced security measures
•Emphasis on real-time data processing
•Adoption of cloud-based solutions
•Growth in predictive maintenance
•Increase in cross-industry collaborations
•Focus on energy efficiency
•Customized service offerings
The machine-to-machine (M2M) market covered in this report is segmented –
1) By Components: Sensors, Actuators, Memory, Radio Frequency Identification (RFID), Power Modules, Communication Modules
2) By Technology: Cellular Connections, Low Power Wide Area, Short Range, Metropolitan Area Network (MAN), Wide Area Fixed, Satellite
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprise
4) By End-User: Retail Sector, Banking And Financial Institution, Telecom And Information Technology Industry, Healthcare, Automotive, Oil And Gas, Transportation, Other End-Users
Subsegments:
1) By Sensors: Temperature Sensors, Pressure Sensors, Proximity Sensors, Motion Sensors, Gas and Chemical Sensors, Light Sensors
2) By Actuators: Linear Actuators, Rotary Actuators, Electric Actuators, Pneumatic Actuators, Hydraulic Actuators, Piezoelectric Actuators
3) By Memory: Dynamic Random Access Memory (DRAM), Flash Memory, Non-Volatile Memory (NVM), Solid-State Drives (SSD), Embedded Memory
4) By Radio Frequency Identification (RFID): Active RFID Tags, Passive RFID Tags, RFID Readers, RFID Antennas, RFID Software Solutions
5) By Power Modules: Power Management ICs, Voltage Regulators, DC-DC Converters, AC-DC Power Converters, Battery Management Systems
6) By Communication Modules: Wi-Fi Modules, Bluetooth Modules, Zigbee Modules, LoRa Modules, Cellular Communication Modules (4G, 5G), Satellite Communication Modules
The key trends in the machine-to-machine (m2m) market are:
•The M2M market is inclining towards real-time data processing, greatly transforming market operations.
•There has been an observed shift towards cloud-based solutions improving business efficiency in the sector.
•Predictive maintenance through the utilization of advanced analytics and computational intelligence is becoming a trend.
•Cross-industry collaborations, energy efficiency focus, and customized service offerings are increasingly becoming prominent in shaping the market future.
Major players in the machine-to-machine (m2m) market are:
• Verizon Communications Inc.
• AT&T Inc.
• T-Mobile US Inc.
• Intel Corporation
• Vodafone Group Plc
• Cisco Systems Inc.
• Orange S.A.
• Qualcomm Incorporated
• Hewlett Packard Enterprise Company
• Telefonaktiebolaget LM Ericsson
• Thales Group
• ZTE Corporation
• Infineon Technologies AG
• NXP Semiconductors N.V.
• Rogers Communications Inc.
• Microchip Technology Incorporated
• Telenor Group
• Zebra Technologies Corporation
• Amdocs Limited
• Gemalto N.V.
• Advantech Co. Ltd.
• Comarch S.A.
• Telit Communications Plc
• KORE Wireless Group Inc.
• Lantronix Inc.
• Laird Technologies Inc.
North America was the largest region in the machine-to-machine (M2M) market in 2024