The revolutionary concept of machine to machine connections is growing rapidly due to the rising adoption rates globally. Market reports associated with the semiconductors & electronics sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is expected to earn revenues worth USD 27.05 Billion by 2023 while expanding at 9.9 % of CAGR approximately in the forecast period.

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Segmental Analysis

The segmentation of the market for M2M connections is carried out on the basis of technology, end user, product, and region. By technology, the market consists of segments such as wireless technologies, Ethernet, industrial, wired technologies, cellular network, short range and others. By product, the segment comprises of routers, modules mobile point of sale, IoT & M2M modems, wireless beacons. By end users, the market is segmented into automotive & transportation, government and defense, consumer electronics, security & surveillance, utilities, healthcare, retail, and others. By region, the market covers regions such as Europe, North America, Asia Pacific (APAC), Rest of the World (ROW).

Detailed Regional Analysis

The regional analysis of M2M Connections Market includes regions such as Asia Pacific, North America, Europe and Rest of the World. In the North American region, it has been estimated that 65% of M2M service revenue is responsible for the service wrap and 35% by the provision of connectivity. Though, the bulk of the revenue is generated from service enablement with the remainder coming from the delivery of basic short-range connectivity. While in the European region, the operators are already seeing modest success in the connected health market, which is anticipated to push the region to the leading position.

The eminent contenders in the Market are Deutsche Telekom A G (Germany), AT&T Inc. (U.S), Telenor Group (Norway), Gemalto N.V. (Netherlands), Intel Corporation (US), NTT Data (Japan), Vodafone Group PLC (UK), Texas Instruments Incorporated (US), xU-blox Holding AG (Switzerland), Texas Instruments Incorporated (US), and Verizon Communications, Inc. (U.S) among others.

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