Machine to Machine Connections Market By Technology (Wireless Technology and Wired Technology), By End-user Industry (Healthcare, Automotive and Transportation, Consumer Electronics, Utilities, Retail, Security and Surveillance, and Others), and By Region – Trends, Analysis, and Forecast 2030

Machine to Machine Connections Market accounted for USD 19.2 Billion in 2020 and is estimated to be USD 31.89 Billion by 2030 and is anticipated to register a CAGR of 5.3%.

Machine to machine refers to interaction of billions of devices and machines that are connected to the internet and to each other. It refers to automated applications which involves machine or devices communicating through internet without human intervention. In simple words, communication of one machine to another. Machine to machine connectivity integrate computing capabilities that enable them to capture data about the world around them and share with other connected devices, creating an intelligent network system. This technology allows communication between both the wired and wireless systems. Machine to machine is usually used in warehouse management, supply chain management, and remote monitoring. Telemetry is one of the most well-known types of machine-to-machine connections. The main components of M2M connections are sensors, RFID, Wi-Fi or cellular connections, software or programmes etc. help devices to interpret data and make decisions.

Rising network infrastructure

Increasing penetration of various 2G, 3G, and 4G cellular networks across the globe is major factor driving growth of the global machine to machine connections market. Developing network infrastructure and evolving connectivity technologies will significantly enhance the growth of global machine to machine connections market. Machine to machine connection service providers is collaborating with governments and other stake holders to launch sustainable health business models. Healthcare sector provides solutions such as medication reminders, remote diagnostic, remote patient monitoring, and telemedicine services which are propelling growth of the global market. Growing applications and need for faster services in different business verticals impelled the demand for machine-to-machine connectivity solutions.

However, high cost of installation of this technology and lack of standardization in connectivity protocols are factors hindering growth of the global machine to machine connections market.

The global machine to machine connections market is segmented based on technology, end-user industry and by region.

On the basis of technology, the global market is segmented into wireless technology and wired technology. On the basis of end-user industry, the global market is categorized into healthcare, automotive and transportation, consumer electronics, utilities, retail, security and surveillance, and others.

Regional Insights:

The global machine to machine connections market accounted for US$ 19.2 billion in 2020 and is estimated to be US$ 31.89 billion by 2030 and is anticipated to register a CAGR of 5.3%. On region the global machine to machine connections market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, it has been estimates that 65% of machine-to-machine connections service revenue is accounted by the service wrap and 35% by the provision of connectivity. In Europe, the operators such as Vodafone and Deutsche Telekom are already seeing the intermediate success in the connected health market and are anticipated to be the leading region over the forecast period. Asian pacific region accounts the largest share for global machine to machine connections market. The growth is attributed to explosion of smart devices.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global machine to machine connections market report based on technology, end-user industry and by region.

Global Machine to Machine Connections Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global machine to machine connections market includes Texas Instruments Incorporated, Deutsche Telekom AG, AT&T Inc., Sierra Wireless Inc., Vodafone Group PLC, Sprint Corporation, Gemalto, Inc., Intel Corp., Telefonica S.A, and Telit Communications.

Texas Instruments Inc.:

Texas instruments integrated circuits and reference designs help you create an energy efficient and compact machine-to-machine device. The M2M device transmits process data from various industrial applications to the cloud via a wired or wireless communication channel.

• Texas Instruments Incorporated
• Deutsche Telekom AG
• AT&T Inc.
• Sierra Wireless Inc.
•  Vodafone Group PLC
• Sprint Corporation
• Gemalto, Inc.
• Intel Corp.
• Telefonica S.A
• Telit Communications