How big is the Machine To Machine Services Market?

The Machine To Machine Services Market size is expected to reach USD 84.20 billion in 2024 and grow at a CAGR of 24.41% to reach USD 250.95 billion by 2029. Read More

What is the current Machine To Machine Services Market size?

In 2024, the Machine To Machine Services Market size is expected to reach USD 84.20 billion. Read More

Who are the key players in Machine To Machine Services Market?

International Business Machine Corporation, Intel Corporation, Ericsson, Verizon Communications Inc. and Nokia Corp. are the major companies operating in the Machine To Machine Services Market. Read More

Which is the fastest growing region in Machine To Machine Services 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 Machine To Machine Services Market?

In 2024, the North America accounts for the largest market share in Machine To Machine Services Market. Read More

What years does this Machine To Machine Services Market cover, and what was the market size in 2023?

In 2023, the Machine To Machine Services Market size was estimated at USD 63.65 billion. The report covers the Machine To Machine Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Machine To Machine Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Machine To Machine (M2M) Services Market Share

Statistics for the 2023 & 2024 Machine To Machine (M2M) Services market share, created by Mordor Intelligence™ Industry Reports. Machine To Machine (M2M) Services share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Machine To Machine (M2M) Services Industry

The competitive landscape for the Machine to Machine (M2M) services market is highly competitive and fragmented because of the presence of many major players. The players in this market are highly innovative. Product launches, high expenses on research and development, partnerships and acquisitions, etc., are the prime growth strategies these companies adopt to sustain the intense competition. Key market players in the global market are Huawei Technologies Co. Ltd, Cisco Systems Inc., Google Inc., Intel Corporation, IBM, and other prominent players.

In Decmber 2023 : Zebra Technologies has announced the launch of Zebra mobile device and software packaged solutions designed to help Verizon Private 5G customers reap the benefits of their networks even faster. Zebra rugged enterprise tablets and mobile computers are purpose-built to simplify processes for frontline workers in transportation and logistics, retail, manufacturing, and other industries

In November 2023 : Telenor and Ericsson join forces to pioneer the usage of AI and Machine Learning Research for a Sustainable and Smarter Future, The collaboration between Telenor and Ericsson under this collobration underscores the shared commitment of both companies to harnessing the potential of AI and ML in a responsible manner to unlock the potential for the customer.

In October 2022, Bharti Airtel ("Airtel"), India's major telecommunications services provider, announced the implementation of the "Always On" IoT connectivity solution in the country. Dual profile M2M eSIM, part of Airtel's "Always On" service, enables an IOT device to maintain a mobile network connection from several Mobile Network Operators (MNOs) in the eSIM. GSMA-compliant technology from Airtel, flexible API-based eSim lifecycle management on the feature-rich Airtel IoT Hub, and full compliance with Department of Telecom (DoT) M2M requirements all contribute to the company's ability to meet future needs.