Cellular M2M Global Market Sees Growth Rate Of 34% Through 2022

The global cellular M2M market size is expected to grow from $8.76 billion in 2021 to $11.75 billion in 2022 at a compound annual growth rate (CAGR) of 34.2%. The change in the cellular M2M market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $29.09 billion in 2026 at a CAGR of 25.4%.

What is the Global Cellular M2M Market?

The cellular M2M market consists of sale of cellular machine to machine (M2M) and related services by entities (organizations, sole traders and partnerships) that provides cellular M2M products and solutions. Cellular M2M is the communication between any two devices from any location with enabled (subscriber identity module) SIM cards. The machines can be in communication through a wireless or wired connection. The cellular M2M is used for applications such as asset tracking and monitoring, predictive maintenance, telemedicine, fleet management, warehouse management, industrial automation and smart meters.

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What drives the Global Cellular M2M Market?

The adoption of technologies with high-speed internet and connectivity, such as 4G and 5G is expected to fuel the growth of the cellular M2M market in the forecast period. Wireless networking is becoming more common across industries as it is used to communicate with consumers and make operations more flexible. M2M communications can be carried out over wide area networks (WANs), which are enabled by cellular networks. 5G speed and reliability is expected to have a massive impact on M2M. For instance, the 5G services market is expected to increase from 69.39 million in 2020 to 177.87 million in 2025, thus supporting the growth of the market. Therefore, the adoption of high-speed internet and connectivity technologies, such as 4G and 5G is expected to drive the growth of the cellular machine-to-machine market.

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Global Cellular M2M Market Segments
The global cellular M2M market is segmented:
By Service: Connectivity Services, Professional Services, Managed Services
By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
By Application: Asset Tracking and Monitoring, Predictive Maintenance, Telemedicine, Fleet Management, Warehouse Management, Industrial Automation, Smart Meter, Others
By End-User: Healthcare, Energy and Utilities, Transportation and Logistics, Manufacturing, Others
By Geography: The regions covered in the cellular M2M market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Cellular M2M Global Market Report 2022 provides market size and growth forecasts for the global cellular M2M market, global cellular M2M market share, cellular M2M market segments and geographies, cellular M2M market competitive landscape including leading competitors’ revenues, profiles and market shares. The cellular M2M market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Cellular M2M Industry Playersinclude Deutsche Telekom AG, AT&T Inc., Verizon Communications Inc., China Mobile, Telefonica S.A., Aeris, China Telecom, 10T, Arm Holdings, Infineon, and Kore Wireless. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.