Kenneth Research, in its repository of market research reports, has recently added a report on Machine-to-Machine (M2M) Connections Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Machine-to-Machine (M2M) Connections Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Machine-to-Machine (M2M) Connections Market products.
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The global Machine-to-Machine (M2M) Connections Marketwas valued at USD 20.13 billion in 2016 and is projected to reach USD 29.99 billion by 2025, growing at a CAGR of 4.53% from 2017 to 2025.
Machine to Machine (M2M) is a concept for the connection of different devices to transmit or receive its data remotely over a network. This network could be fixed wire or wireless. M2M is used most commonly where data has to be collected from remote sources.
1. Market Drivers
1.1 Increasing usage of internet
1.2 Favorable regulatory framework
1.3 Growing M2M Connections Among Various Industry Verticals
1.4 Growing Adoption of 4G/LTE Cellular Technologies and Rising Demand for Extended Network Coverage
2. Market Restraints
2.1 Lack of Standardization in Connectivity Protocols
2.2 Inability to Leverage the Benefits of Mobility
1. Global Machine-to-Machine (M2M) Connections Market, by End User:
1.1.1 Patient Monitoring Systems
126.96.36.199 Blood Pressure Monitor
188.8.131.52 Blood Glucose Meter
184.108.40.206 Multi-Parameter Monitor
1.1.2 Fall Detector
1.1.3 Smart Pill Dispenser
1.2.1 Smart Grids
1.2.2 Smart Meters
1.3 Automotive and Transportation
1.3.2 Fleet Tracking/Monitoring
1.4.1 Intelligent Vending Machines
1.4.2 Contactless Checkout/Pos
1.4.3 Digital Signage
1.5 Consumer Electronics
1.5.1 Smart TV
1.5.2 Smart Appliances
220.127.116.11 Smart Refrigerator
18.104.22.168 Smart Washing Machine
1.6 Security & Surveillance
1.6.1 Commercial & Residential Security
1.6.2 Remote Surveillance
1.7.1 Oil & Gas
2. Global Machine-to-Machine (M2M) Connections Market, by Technology:
2.1 Wired Technologies
22.214.171.124 Industrial Ethernet
126.96.36.199 Foundation Fieldbus
2.2 Wireless Technologies
2.2.1 Short Range
2.2.2 Cellular Network
188.8.131.52 Second Generation (2G)
184.108.40.206 Third Generation (3G)
220.127.116.11 Fourth Generation (4G)/Long-Term Evolution (LTE)
3. Global Machine-to-Machine (M2M) Connections Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. AT&T Inc.
2. Cisco Systems Inc.
3. Huawei Technologies Co., Ltd.
4. NXP Semiconductors N.V.
5. Texas Instruments Incorporated
6. Intel Corporation
7. Gemalto N.V.
8. Vodafone Group PLC
9. Murata Manufacturing Co., Ltd.
10. U-Blox Holding AG
11. Fanstel Corporation
12. Commsolid GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Machine-to-Machine (M2M) Connections Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid,
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