Cellular M2M Market By End-User Industry (Automotive, Healthcare, Utilities, Retail), Application (Telemetry, Asset Tracking, Remote Control and Management, Security and Surveillance), Technology (2G, 3G, 4G, 5G, LPWAN (Low Power Wide Area Network), Satellite Communication), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Cellular M2M Market By End-User Industry (Automotive, Healthcare, Utilities, Retail), Application (Telemetry, Asset Tracking, Remote Control and Management, Security and Surveillance), Technology (2G, 3G, 4G, 5G, LPWAN (Low Power Wide Area Network), Satellite Communication), & Region for 2024-2031

Cellular M2M Market Valuation – 2024-2031

The growing demand for the Cellular M2M (Machine-to-Machine) Market is fueled by the requirement for smooth, efficient, and real-time communication between devices across industries. Cellular M2M technology allows devices to connect and exchange data over cellular networks facilitating automation and increasing operational efficiencies. This technology is widely employed in various industries including automotive, healthcare, agriculture, and logistics by enabling the market to surpass a revenue of USD 19.98 Billion valued in 2024 and reach a valuation of around USD 106.54 Billion by 2031.

The development of IoT (Internet of Things) devices which rely largely on cellular M2M communication is also driving up demand. With the increasing number of IoT devices, there is a greater demand for dependable and widespread connectivity solutions that cellular networks can deliver. This connectivity is required for real-time data gathering, monitoring, and control of numerous systems resulting in more intelligent and efficient operations by enabling the market to grow at a CAGR of 25.67% from 2024 to 2031. 

Cellular M2M MarketDefinition/ Overview

Cellular Machine-to-Machine (M2M) communication is a technology that allows machines to exchange data and complete tasks autonomously using cellular networks. This technology uses cellular networks to connect multiple equipment, devices, and systems allowing them to communicate information and execute commands without requiring human intervention. The primary idea behind cellular M2M is to provide seamless communication between devices which improves efficiency, automation, and control in a variety of applications.

Cellular Machine-to-Machine (M2M) technology has a wide range of applications and is altering industries by allowing devices to connect smoothly over cellular networks. One popular application is in smart cities where M2M technology helps manage public utilities, transportation, and infrastructure.

Cellular Machine-to-Machine (M2M) technology has the potential to change a wide range of sectors by allowing for seamless communication between devices and systems. One of the major applications will be for smart cities. Cellular M2M will play an important role in urban infrastructure management, public service enhancement, and improving people’s overall quality of life.

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How Will Rising IoT Adoption Drive the Cellular M2M Market?

The cellular machine-to-machine (M2M) market is expanding rapidly owing to the widespread deployment of Internet of Things (IoT) technologies across industries. One major driver is the growing need for connected devices and smart solutions in industries including automotive, healthcare, and industrial automation. According to International Telecommunication Union (ITU) research, the number of active IoT devices is predicted to increase to 25.4 billion by 2030 from 12 billion in 2020. This spike in IoT use is increasing the demand for dependable, long-distance cellular connectivity, which M2M solutions can deliver.

The US government thinks that "smart grid" tech, which uses devices that talk to each other, could save us a lot of money and make the power grid work better. They say it could prevent power outages and save us up to $150 billion every year. Another big reason why the "M2M" market (devices talking to each other) is growing is because of 5G networks. These networks are way faster and more reliable, and they can handle a lot more devices connecting at once. In fact, according to a group called the Global Mobile Suppliers Association, there were already 258 companies in 100 countries using 5G networks by early 2024. This gives a solid foundation for M2M communication. With 5G networks getting better, we can use M2M tech in more ways, especially for driverless cars and taking care of people's health from a distance.

Will High Initial Investment Hamper the Cellular M2M Market?

Listen up! Getting into cellular M2M might require some cash upfront, but it's not going to hold the industry back. These fancy M2M solutions are worth the investment in the long run. They'll make businesses run smoother and save them a pretty penny. A bunch of smart folks at McKinsey & Company did some number crunching and figured out that these IoT gadgets, like cellular M2M, could pump up the economy by trillions of dollars each year. That's not chump change! And here's the kickersensors and communication stuff are getting cheaper. The International Telecommunication Union says that the price of IoT sensors has nosedived from $1.30 in 2004 to just $0.44 in 2018. And it's only going to get cheaper. So, there's no reason not to dive into the wonderful world of cellular M2M.

Government initiatives and investments in smart city projects are also helping to offset startup costs and boost industry growth. For example, the European Commission has set about €500 million for 5G infrastructure deployment which will facilitate cellular M2M applications. As the market matures and economies of scale emerge, the barrier of expensive initial investment is expected to fall enabling for wider adoption across industries and corporate sizes.

Category-Wise Acumens

Will the Rise of the Internet of Things (IoT) and Advancements in Cellular Technology Drive the Application Segment?

Asset tracking is developing as the most popular application due to its widespread use across industries and vital role in improving operational efficiency and security. Asset tracking is the monitoring and management of important assets like cars, equipment, and containers which uses cellular M2M technology to deliver real-time position and status updates. This capacity is critical for businesses such as logistics, transportation, and supply chain management where effective asset tracking and management may drastically minimize losses, optimize routes, and increase overall operational efficiency.

Imagine you're the owner of a warehouse packed with valuable goods. Keeping track of everything can be a nightmare. But now, thanks to the Internet of Things (IoT), tracking your assets is a breeze. You see, IoT devices can be attached to your assets, like tiny beacons, and they'll continuously send out signals that tell you where each item is. And with the super-fast 5G network, these signals are like lightning bolts, giving you real-time information on the spot. No more waiting for hours or days for updates. You'll know exactly where your assets are at all times, whether they're in your warehouse or out for delivery. This is especially important if you're dealing with fragile or expensive items that need to be tracked carefully. And it's not just about tracking. You can also connect your asset tracking system to other programs you use for your business, like those for managing inventory or handling customer relationships. This gives you a complete picture of what's going on in your company, making it easier to make informed decisions and run things more smoothly.

Will Low-Power and Long-Range Applications Drive the Technology Segment?

LPWAN (Low Power Wide Area Network) technologies are currently prominent due to their optimized capabilities for low-power, long-distance applications. LPWAN technologies such as NB-IoT (Narrowband IoT), LTE-M (LTE for Machines), LoRaWAN, and Sigfox, are specifically designed to serve IoT devices that demand long-term battery life and connectivity. These technologies are especially useful for applications like smart metering, asset tracking, and environmental monitoring where sensors must function for years on little power and communicate across large distances.

While 2G, 3G, 4G, and 5G technologies remain vital in cellular M2M applications, their dominance is more limited to certain use cases and locations. 2G and 3G networks are being phased out in favor of more advanced technology yet they continue to support outdated applications in some regions. 4G LTE offers higher speeds and lower latency making it ideal for real-time data transfer in applications like telematics and video surveillance. However, 5G technology is likely to have the biggest disruptive impact as it provides ultra-fast bandwidth, ultra-low latency, and huge device connectivity.

Gain Access into Cellular M2M Market Report Methodology

Country/Region-wise Acumens

How does Robust Infrastructure Drive the Market in North America?

Hey there! You know how the United States and Canada are like the king and queen of the cellular machine-to-machine (M2M) market all around the world? Well, it's not just because they're cool. It's all about their amazing internet and the crazy amount of technology they have that lets machines talk to each other. First off, they've got lightning-fast 4G LTE and 5G networks everywhere you turn. Almost everyone in the US will have 4G LTE by next year, according to the government. That means machines can chat it up with each other super fast and reliably over huge areas. This awesome internet backbone is the perfect playground for M2M technology to thrive. It's like giving machines their own superhighway to zoom around and connect with each other. It's making a huge difference in industries like manufacturing, healthcare, and transportation.

Nowadays, most people in the US have smartphones—around 85% by 2021, according to research. This makes it easy to connect everyday stuff and work with M2M technology. Plus, North America is big on smart city stuff. In 2016, the US government put $160 million into smart city projects. This means more demand for M2M tech in things like traffic control, garbage pickup, and keeping us safe. Also, the US has a strong manufacturing industry (it makes up 11% of our economy). These manufacturers are starting to use cellular M2M connections for their new "Industrial IoT" solutions.

Will the Increasing Adoption of IoT and Rising Applications Drive the Market in the Asia Pacific Region?

Hey there! Get ready for a mind-blowing tech boom in Asia Pacific. The region is set to dominate the market for connecting devices through cellular networks (M2M). Why? Because they're all about embracing IoT, the internet of things. It's revolutionizing everything from smart cities to healthcare. With its massive population and tech-savvy mindset, Asia Pacific is a hotbed for this growth. Governments are jumping on board, too, by supporting IoT and making sure it's accessible to everyone. Two big reasons for this surge are the booming IoT ecosystem and the burning desire for smart cities. More and more devices are getting smarter, and cities are embracing technology to make life easier and more efficient. The number of IoT connections in Asia Pacific is predicted to hit a staggering 11 billion by 2025. That's like a whole new world of connected gadgets! And as IoT usage skyrockets, so will the need for connecting them through cellular networks. It's an unstoppable tech wave that's about to make our lives even more connected and convenient.

The expansion of smart city projects is increasing the demand for dependable and secure cellular M2M communications for applications such as smart utilities, intelligent transportation systems, and public safety. This digital transformation in manufacturing is opening up new potential for cellular M2M solutions in fields such as predictive maintenance, asset tracking, and supply chain optimization. The automotive sector is another important contributor, with connected car shipments in the region expected to expand at a CAGR of 20.7% between 2020 and 2025, according to Frost & Sullivan.

Competitive Landscape

The cellular M2M market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the cellular M2M market include

  • AT&T
  • Verizon
  • T-Mobile
  • Vodafone
  • Telefonica
  • Ericsson
  • Arm Holdings
  • KPN

Latest Developments

  • In October 2020, Verizon expanded its 5G network services to the University of Illinois Research Park innovation hub. The availability of a 5G network will allow innovators, such as students, startups, and large organizations, to construct modern apps in all industries that harness advanced technology, such as robotics, analytics, machine learning, and IoT devices.
  • In March 2021, Siyata Mobile, Inc. completed the acquisition of all issued and outstanding shares of ClearRF, LLC (ClearRF) via a wholly-owned subsidiary for a total purchase price of US$700,000. Which was paid in cash and shares.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~25.67% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • End-User Industry
  • Applications
  • Technologies
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

AT&T, Verizon, T-Mobile, Vodafone, Telefonica, Ericsson, Arm Holdings, KPN

Customization

Report customization along with purchase available upon request

Cellular M2M Market, By Category

End-User Industry

  • Automotive
  • Healthcare
  • Utilities
  • Retail
  • Manufacturing
  • Agriculture
  • Logistics and Transportation

Applications

  • Telemetry
  • Asset Tracking
  • Remote Control and Management
  • Security and Surveillance
  • Environmental Monitoring
  • Payment and Transactions
  • Connected Healthcare

Technologies

  • 2G, 3G, 4G, 5G
  • LPWAN (Low Power Wide Area Network)
  • Satellite Communication
  • Short-Range Wireless Technologies

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

Understanding the Market Inside and Out We dive deep into the market, breaking it down into smaller segments based on both financial and personal preferences. For each piece of the market, we provide precise numbers showing its worth in billions of dollars. Pinpointing the Rising Stars We pinpoint the region and specific market segment that's poised to explode in growth, dominating the scene. Geography Breakdowns We explore how the product or service is used in different parts of the world, highlighting factors that shape the market in each region. Who's Who in the Market We rank the top players, providing insights into their latest product launches, partnerships, expansions, and acquisitions. Company Close-Ups We profile major players, giving you the scoop on their history, strategies, and strengths and weaknesses. Future Forecast We gaze into the future of the industry, identifying growth drivers and obstacles in both developed and emerging markets. Competitive Edge We analyze the market using Porter's Five Forces model, giving you a complete picture of the competitive landscape. Value Chain Breakdown We map out the steps involved in bringing the product or service to market, highlighting key aspects. Market Momentum We track market trends and predict future growth opportunities. Expert Support For the next six months, our analysts are on standby to answer any questions that come up after your purchase.

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include AT&T, Verizon, T-Mobile, Vodafone, Telefonica, Ericsson, Arm Holdings, KPN.
The primary factor driving the Cellular M2M market is the increasing demand for real-time data and connectivity across various industries. This demand is fueled by the need for improved operational efficiency, enhanced automation, and better decision-making capabilities enabled by the seamless communication between devices and systems in applications such as smart cities, healthcare, transportation, and industrial automation.

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