The cellular M2M market size is predicted to expand at a significant CAGR of 19.1% within the forecast time frame. It is predicted to reach a valuation of US$ 80,726.9 million by 2033 from US$ 14,018.0 million in 2023.
The growing adoption of automation technologies integrated with IoT has created a huge demand for cellular M2M connections that are expected to drive the market at an impressive growth rate during the forecast years.
Cellular machine-to-machine (M2M) modems act as cellular terminals with embedded software providing features such as:
This system of cellular M2M networks aids in high coverage by delivering a cost-effective mode of communication that is getting readily adopted by many enterprises and organizations making it a profitable business in recent times. Additionally, increased government spending on creating robust and secured wireless communication facilities has proven to be a beneficial step for the growth of the cellular M2M industry.
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Access to wireless communication technologies and internet networks are the precursors for the M2M cellular gateway methods. With the growth in telecommunication infrastructure, the global cellular M2M industry is anticipated to expand its area of operation further strengthening in terms of customer base.
The market operation of many industries and service-providing companies is getting complicated by the assimilation of real-time data management and dissemination. Integration of cellular M2M connection is the most preferred way for enhancing the efficiency of such systems which offers a great opportunity for market growth.
In recent times, many regional business entities are entering into the global competition by establishing their subsidiaries in different parts of the world. So, the M2M cellular networks are expected to play a key role in this endeavor of business expansion. Invariably, it brings in a lot of opportunities for the cellular M2M industry on an international level.
For the success of cellular M2M networks, a huge amount of data needs to be recorded and managed at control units. So, data privacy and security can pose a key challenge for the great adoption of cellular M2M communication by the end users.
Strong data protection laws formulated by different national governments are anticipated to turn out to be particular restraints against America cellular market. The high sensitivity and security associated with customer data are projected to be a serious constraint for the growth of the IoT security market size in various countries. It is further expected to have some negative impacts on the cellular M2M industry as well.
The unavailability of sufficient appliances such as M2M cellular amplifiers or other parts for the maintenance and repairmen of existing systems has limited the growth of the global cellular industry share to some extent.
| Attributes | Details |
|---|---|
| Cellular M2M Industry Value (2018) | US$ 6,355.7 million |
| Cellular M2M Industry Value (2022) | US$ 11,930.2 million |
| Cellular M2M Industry Value (2023) | US$ 14,018.0 million |
| Cellular M2M Market Value (2033) | US$ 80,726.9 million |
| Cellular M2M Market Growth Rate (2023 to 2033) | 19.1% |
| Cellular M2M Industry Growth Rate (2018 to 2022) | 17% |
Principal Consultant
The market, in the preceding years, has observed a market valuation of US$ 6,355.7 million in 2018. By the end of 2022, the market gained revenue of US$ 11,930.2 million, expanding at 17% CAGR.
With the introduction of disruptive technologies such as machine learning (ML) and the Internet of Things (IoT), the usefulness of cellular M2M connections has increased manifold. The significant growth in the information technology (IT) sector has also boosted the performance of cellular M2M communication devices by integrating them with powerful software solutions.
Other areas of digital technology like big data analytics, cloud computing, and intelligent systems are anticipated to further augment the global cellular M2M industry size in the coming days. Furthermore, the integration of such advanced technologies has also increased the traffic through the M2M cellular gateways installed at any facility. For this reason, the demand for M2M cellular booster is observed to be growing in the market. This is anticipated to further boost the cellular M2M industry size during the forecast years as well.
The market is estimated to reach US$ 14,018.0 million in 2023, and by the end of 2033, the market valuation is projected to be US$ 80,726.9 million. From 2023 to 2033, the market is projected to expand at a CAGR of 19.1%.
The evolution of the industrial Internet of Things or IIoT by the implementation of Industry 4.0 is suggested to raise the demand for cellular M2M boosters dominating other segments of the global cellular M2M industry.
| Segment | Connectivity Services |
|---|---|
| Market Share (2022) | 59.5% |
| Market Size (2023) | US$ 8,340.71 million |
| Market Size (2033) | US$ 48,031.97 million |
As per the previous market analysis report by FMI, the connectivity services dominated the global cellular M2M industry by volume and revenue. This segment is predicted to maintain its dominance for some years with a CAGR of 19.3% over the forecast years from 2023 to 2033. In 2022, the connectivity services accounted for 59.5% value share.
Integration of cellular M2M communication in some of the key sectors such as transportation and healthcare sector is predicted to be a crucial factor for the top performance of the connectivity services segment.
The performance of the other two segments of professional services and managed services has remained marginal over the past years. But, with the increase in demand for personalized cellular M2M solutions, there is an anticipation of a significant growth surge in these two segments in the future.
| Segment | Asset tracking and monitoring |
|---|---|
| Market Share (2022) | 38.4% |
| Market Size (2023) | US$ 5,382.91 million |
| Market Size (2033) | US$ 30,998.78 million |
Installation of cellular M2M connections is high in large-scale industries and business units. This has rendered the application of cellular M2M for asset tracking and monitoring the maximum-grossing segment of the global cellular M2M industry. It is expected to witness a CAGR of 18.6% over the forecast years.
In 2022, the segment represented 38.4% market share. Such an impressive growth of the asset tracking and monitoring segment can be attributed to the fact that it increases the productivity of assets by checking the wasteful and poor operations.
The other applications of cellular M2M networks for predictive maintenance and industrial automation are also predicted to be an attractive segment for the market players during the forecast years.
Cellular M2M technologies have been prominently used in the transportation and logistics sectors. This sector still holds the position of the top user of M2M cellular gateways for payment of charges and wages in remote areas. With the growth of the transportation and logistics industry, the segment is expected to remain the leading end user of the global cellular M2M industry.
The use of M2M cellular modems has also been observed to gain traction in the manufacturing segment in the recent past. The expansion of e-commerce websites has created a huge requirement for funds transfer facilities in far-flung areas. This rise in demand is anticipated to create a huge demand for cellular M2M networks in the manufacturing segment as well.
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| Region | Value Share (2022) |
|---|---|
| North America | 28.6% |
| Europe | 23.4% |
| The United States | 20.2% |
| Germany | 8.9% |
| Japan | 7.1% |
| Australia | 2.7% |
Geographically, North America has a significant cellular M2M network across the world. The presence of a robust infrastructure for early adoption of any type of connectivity technology has made this region extremely responsive toward the latest technological integrations. Also, due to the presence of some global leaders of telecommunication companies like AT&T, Verizon, and T-Mobile in the United States, a lot of innovations in M2M cellular modems are achieved in this region.
The United States alone contributes about 20.2% to the revenue share of the global market with its regional cellular M2M industry estimated to be valued at US$ 16,306.65 million by the end of the forecast period. The other global leaders providing cellular M2M solutions are mostly present in nations of South East Asia such as China, Japan, and South Korea. Asia Pacific follows North America in the growth rate by the contribution of these 3 countries which is more than 16% of the global cellular M2M industry share.
Diverting from the large end users of M2M cellular gateways, most of the key players are now focusing on providing devices for daily transactions such as:
This shift in customer base is emerging to be a powerful strategy for the key players to remain competitive in the market. Acquisition and partnership with software companies are some of the other strategies adopted by the key players of the global cellular M2M market to increase the brand value of their products.
Key Players in the Cellular M2M Industry are as follows:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million/ billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; the Middle East & Africa; and Oceania |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, Russia, GCC Countries, China, India, Australia & New Zealand, and ASEAN |
| Key Segments Covered | Function, Application, Industry, and Region |
| Key Companies Profiled |
AT&T; Verizon; T-Mobile; Vodafone; Telefonica; Ericsson; Arm Holdings; KPN |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to reach US$ 14,018.0 million by 2033.
AT&T, Verizon, and T-Mobile are key market players.
The market is estimated to secure a valuation of US$ 80,726.9 million in 2023.
The growth potential of this market is 19.1% through 2033.
Access to wireless communication technologies drives sales.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Function
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Function, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Function, 2023 to 2033
5.3.1. Connectivity Services
5.3.2. Professional Services
5.3.3. Managed Services
5.4. Y-o-Y Growth Trend Analysis By Function, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Function, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Asset tracking and monitoring
6.3.2. Predictive Maintenance
6.3.3. Telemedicine
6.3.4. Fleet Management
6.3.5. Warehouse Management
6.3.6. Industrial Automation
6.3.7. Smart meter
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Industry
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Industry, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Industry, 2023 to 2033
7.3.1. Healthcare
7.3.2. Energy and Utilities
7.3.3. Transportation and Logistics
7.3.4. Manufacturing
7.3.5. Others
7.4. Y-o-Y Growth Trend Analysis By Industry, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Industry, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Function
9.2.3. By Application
9.2.4. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Function
9.3.3. By Application
9.3.4. By Industry
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Function
10.2.3. By Application
10.2.4. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Function
10.3.3. By Application
10.3.4. By Industry
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Function
11.2.3. By Application
11.2.4. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Function
11.3.3. By Application
11.3.4. By Industry
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Function
12.2.3. By Application
12.2.4. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Function
12.3.3. By Application
12.3.4. By Industry
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Function
13.2.3. By Application
13.2.4. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Function
13.3.3. By Application
13.3.4. By Industry
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Function
14.2.3. By Application
14.2.4. By Industry
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Function
14.3.3. By Application
14.3.4. By Industry
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Function
15.2.3. By Application
15.2.4. By Industry
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Function
15.3.3. By Application
15.3.4. By Industry
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Function
16.1.2.2. By Application
16.1.2.3. By Industry
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Function
16.2.2.2. By Application
16.2.2.3. By Industry
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Function
16.3.2.2. By Application
16.3.2.3. By Industry
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Function
16.4.2.2. By Application
16.4.2.3. By Industry
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Function
16.5.2.2. By Application
16.5.2.3. By Industry
16.6. U.K.
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Function
16.6.2.2. By Application
16.6.2.3. By Industry
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Function
16.7.2.2. By Application
16.7.2.3. By Industry
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Function
16.8.2.2. By Application
16.8.2.3. By Industry
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Function
16.9.2.2. By Application
16.9.2.3. By Industry
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Function
16.10.2.2. By Application
16.10.2.3. By Industry
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Function
16.11.2.2. By Application
16.11.2.3. By Industry
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Function
16.12.2.2. By Application
16.12.2.3. By Industry
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Function
16.13.2.2. By Application
16.13.2.3. By Industry
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Function
16.14.2.2. By Application
16.14.2.3. By Industry
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Function
16.15.2.2. By Application
16.15.2.3. By Industry
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Function
16.16.2.2. By Application
16.16.2.3. By Industry
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Function
16.17.2.2. By Application
16.17.2.3. By Industry
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Function
16.18.2.2. By Application
16.18.2.3. By Industry
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Function
16.19.2.2. By Application
16.19.2.3. By Industry
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Function
16.20.2.2. By Application
16.20.2.3. By Industry
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Function
16.21.2.2. By Application
16.21.2.3. By Industry
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Function
17.3.3. By Application
17.3.4. By Industry
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. AT&T
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Verizon
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. T-Mobile
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Vodafone
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Telefonica
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Ericsson
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Arm Holdings
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. KPN
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Telit Communications PLC
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Ingenu Inc
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Cellular M2M Market
