According to a market report by Lucintel, the future of the global machine to machine (M2M) service market looks promising with opportunities in the automotive & transportation, consumer electronics, healthcare, and security & surveillance markets. The global machine to machine (M2M) service market is expected to reach an estimated $274.8 billion by 2030 from $71.1 billion in 2024, at a CAGR of 25.1% from 2024 to 2030. The major drivers for this market are growing adoption of connected devices and emergence of industry 4.0.
A more than 150-page report to understand trends, opportunity and forecast in machine to machine (M2M) service market to 2030 by technology (wireless and wired), end use industry (automotive & transportation, consumer electronics, healthcare, security & surveillance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wireless is expected to witness the highest growth over the forecast period due to its rising usage in variety of applications, such as in-car entertainment systems, patient monitoring devices, and wireless beacons.
Within this market, automotive & transportation is expected to witness the highest growth due to rising number of connected automobiles and rapid expansion of vehicle-to-vehicle and vehicle-to-infrastructure frameworks.
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APAC is expected to witness highest growth over the forecast period due to rising internet penetration in commercial and residential spaces, existence of key customer base, and availability of robust it infrastructure in the region.
IBM, Rogers Communications, Cstar Technologies, Nokia, Comarch are the major suppliers in the machine to machine (M2M) service market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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