Cellular machine to machine (M2M) technology is gaining popularity in different industrial sectors. Automotive, security, networking, banking & financial services, transport & logistics, and healthcare provide huge growth opportunity for the cellular machine to machine market. This market is strongly associated with investments and growth in the industrial and commercial sectors. Machine to machine technology consists of various wired and wireless technologies. This technology enables different machines (other than tablets, smartphones, and wearables among others) to connect with each.The global cellular machine to machine connections market is segmented on the basis of technology, industry vertical, and geography. The market has been segmented on the basis of technology into wired technology and wireless technology. Wireless technology is segmented into cellular technologies and short-range technologies.
Furthermore, short-range technology has been sub divided into ZigBee, Bluetooth, and Wi-Fi. Cellular technology has been segmented into 2Gnetworks, 3Gnetworks and 4Gnetworks.Among the above mentioned technologies, Wi-Fi technology is expected to be the maximum market shareholder and is expected to maintain its dominance in the coming years. ZigBee is presumed to experience fastest growth due to high demand in the utilities sector. Among cellular machine to machine connections, the maximum number of connections is expected to be of 3G connectivity, followed by 4G, and 2G connectivity. 4G machine to machine connections are anticipated to grow significantly due to various advantages offered by 4G networks such as better security and high speed. The cellular machine to machine connections market is also segmented on the basis of industry verticals into utilities, automotive, security, networking,banking & financial services, transport & logistics, and healthcare among others. Automotive & transportation segment is expected to dominate the market followed by security & surveillance during the forecast period.
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The global cellular machine to machine market is segmented geographically into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. North America is the most dominant market among all the regions due to rapid industrialization and high commercial use of cellular machine to machine in various sectors. The U.S is the leading cellular machine to machine market in North America owing to huge presence of various industries in the country. Moreover, the North America market for cellular machine to machineis predominantly driven due to better technological infrastructure and acceptability of innovative and niche cellular machine to machine connection technology. Asia Pacific is the fastest growing region due to rapid industrialization and increased awareness regarding technological advancements among users. The cellular machine to machine system is expected to gain popularity in this region as emerging countries are highly advanced in terms of communication technology, infrastructure, and market viability.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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