How big is the M2M Connections Market?

The M2M Connections Market size is expected to reach USD 37.30 billion in 2024 and grow at a CAGR of 7.24% to reach USD 52.91 billion by 2029. Read More

What is the current M2M Connections Market size?

In 2024, the M2M Connections Market size is expected to reach USD 37.30 billion. Read More

Who are the key players in M2M Connections Market?

Cisco Systems, Inc., Huawei Technologies Co., Ltd., Intel Corporation, Vodafone Group and Texas Instruments Incorporated are the major companies operating in the M2M Connections Market. Read More

Which is the fastest growing region in M2M Connections Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in M2M Connections Market?

In 2024, the North America accounts for the largest market share in M2M Connections Market. Read More

What years does this M2M Connections Market cover, and what was the market size in 2023?

In 2023, the M2M Connections Market size was estimated at USD 34.78 billion. The report covers the M2M Connections Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the M2M Connections Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

M2M Connections Market - Size, Share & Industry Analysis

M2M Connections Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Machine to Machine (M2M) Connections Market is divided into four sections: Connection Type (Wired, Wireless), Technology (Cellular Connections, Low Power Wide Area, Short Range, MAN, Wide Area Fixed, Satellite), End-User (Retail Sector, Banking and Financial Institutions, Telecom and IT Industry, Healthcare, Automotive, Oil and Gas), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Machine to Machine Connections Industry Overview

The market for M2M connections is highly competitive and distinguished by the abundance of both large- and small-scale manufacturers. These businesses have been investing in R&D to increase their production capacity and satisfy the expanding market demand. In established markets like North America and Europe, competition is more intense. The degree of rivalry in this market will continue to increase over the coming years as a result of a variety of variables, including rising production and service extensions, an increase in acquisitions, and technical advancements.

May 2022 - C-DOT and Vodafone Idea Limited have agreed to cooperate and work on a non-exclusive basis to evaluate apps and devices from different solution providers to meet oneM2M requirements and to give joint certifications to solve these difficulties in the implementation. The Department of Telecommunications (DOT) and the Center for Development of Telematics (C-DoT) signed a memorandum of understanding (MoU) to work together on machine-to-machine (M2M) and Internet of Things (IoT) solutions for India.
February 2022 - T-Mobile and Deutsche Telekom AG will introduce T-IoT, a corporate solution for IoT connection, platform administration, and support. Businesses using T-IoT can handle all of their international connections because it will be accessible in 188 locations and on 383 networks globally. The firms use the solution because they know that IoT can change their industries and help them get ready for the 5G era.