Press release
Global M2M Services Market Internet of Things Revolution Unveiling the Growth Potential of 2023 to 2030 | AT&T, EE, Sprint, Verizon
The market for M2M services is anticipated to generate USD 4.32 billion in 2023 and to expand at a CAGR of 18.49% to USD 109 billion by 2030. The M2M services market refers to the provision of network services and communication infrastructure that allow machines and devices to communicate with each other without human intervention. These services enable machines to collect, analyse, and transmit data, and to receive instructions and commands in real-time. M2M services are used in a wide range of industries, including transportation, healthcare, logistics, agriculture, and manufacturing. They enable businesses to automate processes, improve efficiency, and reduce costs by enabling machines to communicate and exchange data with each other.
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The Key companies profiled in the M2M Services Market:
The study examines the M2M Services Market's competitive landscape and includes data AT&T, EE, Sprint, Verizon, Aeris Communications, Amdocs, Applied Satellite Technology, China Mobile, Comarch, Digi International, Ericsson, Gemalto, Huawei, Hughes Network System (EchoStar), Jasper Technologies, KORE Wireless Group, Novatel Wireless, Nupoint Systems & Others
Global M2M Services Market Split by Product Type and Applications
This report segments the M2M Services market on the basis of Types:
Cellular
Satellite
On the basis of Application, the M2M Services market is segmented into:
Consumer Electronics
Automotive
Healthcare
Energy and Utilities
Transportation and Logistics
Manufacturing
Other
The M2M services market is driven by a range of factors, including the increasing adoption of IoT technologies, the growing demand for real-time data analytics and automation, and the need to reduce costs and improve efficiency in various industries. Additionally, advances in communication technologies, such as 5G networks, are enabling more efficient and reliable M2M connectivity, further driving the growth of the market.
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North America is the largest market for M2M services, driven by the high adoption of IoT technologies and the presence of a large number of leading players in the region. Europe is also a significant market, with a well-established infrastructure and a strong demand for M2M services across a range of industries. Asia Pacific is expected to be a fast-growing market, driven by the increasing adoption of IoT technologies in countries such as China and India.
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Market Segmentation:
M2M Services Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The M2M services market has had a significant impact on the service and software industry, as it has driven the development of new technologies and services that enable businesses to automate processes and improve efficiency. The growth of the M2M services market has created opportunities for software and service providers to offer a range of M2M solutions and services, including device management, data analytics, and remote monitoring and control. This has led to the development of new business models and revenue streams for service and software providers, and has enabled them to tap into new markets and customer segments.
Reasons Why You Should Buy This Report:
1. To gain an in-depth understanding of M2M Services market
2. To obtain research-based business decisions and add weight to presentations and marketing strategies
3. To gain competitive knowledge of leading market players
4. It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5. It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.
If you have any special requirements, please let us know and we will offer you the report as you want.
The years examined in this study are the following to estimate the M2M Services market size:
History Year: 2017-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023 to 2030
FAQs:
1. Who are the key players in this Market?
2. At what CAGR is the market projected to grow during the forecast period?
3. What are the key contributing factors to the market growth?
4. What are the key players operating in the Middle East & Africa?
5. Who are the prominent manufacturers in this market?
6. Are discounts available?
Browse complete M2M Services market report details with table of contents and list of figures click here
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Table of Contents:
1 M2M Services market Overview
2 Company Profiles
3 M2M Services market Competition, by Players
4 M2M Services market Size Segment by Type
5 M2M Services market Size Segment by Application
6 North America by Country, by Type, and by Application
7 Europe by Country, by Type, and by Application
8 Asia-Pacific by Region, by Type, and by Application
9 South America by Country, by Type, and by Application
10 Middle East & Africa by Country, by Type, and by Application
11 Research Findings and Conclusion
12 Appendix...
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Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering the services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.
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