Report

Machine to Machine (M2M) Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • Publish Date: Apr,2023
  • Report ID: 16-13-1257
  • Page : 200
  • Report Type : PDF (Email)
International Business Machine Corporation - Rogers Communications Inc. - Cstar Technologies Inc. - Nokia Corp. (Alcatel-Lucent S.A.) - Comarch Inc. - Cisco System Inc. - Huawei Technologies Co. Ltd. - Intel Corporation - Google Inc. - Thales Group (Gemalto NV) - Amdocs Inc. - EE Ltd. - Verizon Communications Inc. [Report Description] The machine to machine (M2M Analytics, artificial intelligence (AI), and the internet of things (IoT) are anticipated to drive intelligence, decision-making, and productivity in Industry 4.0. As a result, the market for machine-to-machine services is benefiting greatly from this.

Highlights The market is also being fueled by the widespread use of wired or wireless connectivity in a variety of industries. The M2M connections market is also being driven by the widespread use of high-speed internet connectivity and emerging connectivity technologies like 4G/LTE and 5G.
For instance, the Cisco 819 Non-Hardened 4G LTE Integrated Services Routers (ISR) were released in October 2018 as software routers that provided support for WLAN and 4G LTE wireless WAN capabilities. They are made specifically for machine-to-machine (M2M) applications and are deployable and secure. These applications have a positive impact on the retail, financial, healthcare, and small business markets. Over wired and wireless links, they provide features like highly secure data, voice, and video communications to stationary and mobile network nodes.
In addition to connectivity, the adoption of various technologies in product manufacturing for cost-effectiveness and compliance with safety regulations, as well as increasing software application integration for product enhancements, are expected to support growth.
On the other hand, the market is experiencing difficulties that are stifling its expansion, including the high cost of both the technology's installation and its upkeep.
Cellular-based M2M adds a connectivity process between distinct sim-enabled machines to provide connectivity across multiple wireless networks. Key market trends The telecom industry will see significant growth among other end-user verticals. Many businesses are incorporating cellular M2M value-added services to guarantee operational efficiency and minimize losses from operational breaches.
The introduction of government policies that make it possible to expand the use of cellular M2M in key industries like utilities, smart cities, automotive, and healthcare will cause the cellular-based (M2M) to expand during the forecast period. For instance, legislation establishing the eCall public safety answering point (PSAP) system by the end of 2015 was initially proposed by the European Commission. Nonetheless, reception by the EU part states has been more slow than anticipated. As a result, the eCall PSAP system's implementation deadline has been pushed back a few years.
Additionally, Cisco anticipated a rise in the number of mobile devices worldwide from 8.6 billion in 2017 to 12.3 billion in 2022. The M2M market will benefit as a result of this enormous expansion.
Asia-Pacific to Experience the Fastest Growth The Asia-Pacific region is home to India and China, two of the world's largest economies. As a result, development efforts in these two regions are expanding each year. By 2022, IP traffic in the Asia-Pacific region is expected to reach 172.7 exabytes per month, according to Cisco, the highest growth rate among other nations. In addition, 13.1 billion networked devices or connections will be present in the region, up from 8.6 billion in 2017. The M2M services market will be practical affected by this increase.
The M2M services market will also benefit from government initiatives that enable a wider deployment of cellular M2M, such as smart meters, smart cities, and policies.
For instance, in February 2018, the Department of Telecommunications (DoT) granted approval to telecom service providers in India, one of the fastest-growing markets for machine-to-machine (M2M) services, to begin issuing 13-digit numbers for SIM-based M2M services. The competitive landscape for the machine to machine (M2M) services market is highly competitive and fragmented due to the presence of numerous major players. It is anticipated that this scenario will increase the number of M2M services offered by telecom vendors in the region. This market's players are very creative. Launches of new products, a lot of money spent on R&D, partnerships and acquisitions, etc. are the most important growth strategies these businesses use to stay competitive. Huawei Technologies Co. Ltd., Cisco Systems Inc., Google Inc., Intel Corporation, IBM, and other prominent players are global key market players.

KRTI 4.0(TM), an artificial intelligence (AI) framework for operational excellence, will be further enhanced and accelerated through Nokia's partnership with Poyry, an international consulting and engineering firm, and Infosys in March 2019. The KRTI 4.0(TM) structure applies computer based intelligence, mental/AI, and machine-to-machine (M2M) capacities to the modern climate and addresses perplexing and costly lifecycle the executives challenges looked by the business, utilities, transportation, and framework associations across functional innovation (OT) frameworks."