Machine-To-Machine (M2M) Connections Market Trends: to Surpass USD 38.97 Billion by 2030

Machine-To-Machine (M2M) Connections Market Snapshot

“The Machine-To-Machine (M2M) Connections Market to grow from USD 26.73 Billion in 2023 to USD 38.97 Billion by 2030, at a CAGR of 4.2%.”

An M2M connection is a device-to-machine connection that allows for independent communication between two devices without any human interaction.

Machine-to-machine (M2M) connectivity is a key component of the Internet of Things (IoT), enabling seamless data exchange between systems and devices. This technology enables real-time decision-making and operational efficiency in various sectors.

M2M has the potential to transform industries like manufacturing, logistics, and healthcare. To thrive in the digital landscape, organizations must understand and harness the power of M2M in this era of automation and connectivity.

M2M stands for Machine to Machine (M2M) technology, which enables automated communication between networked devices. This technology enables devices to make decisions independently without human intervention, making it useful in various industries such as IoT, insurance, and healthcare, as well as in other manufacturing sectors.

In the manufacturing sector, M2M links are often used alongside SCADA technologies. For instance, vending machines and ATMs serve as examples of M2M links, where dispatchers receive inventory information automatically and authorities are notified when cash supply is low.

The communication protocol used in M2M connections is a standard communication method used between two or more devices.

MQTT, OMA LWM2M, and CoAP are commonly used IoT/M2M connection protocols for low-power devices with long operational life.

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How Does an M2M Connection Work?

M2M connections are simple and affordable, using public access networks like Ethernet or cellular for automated sensor data transmission. They consist of multiple sensors, such as RFID, Wi-Fi, or cellular communications links, which send signals to computers when critical situations arise.

Autonomous computing software is also present in M2M systems, helping the network interpret the data and take appropriate actions. This makes M2M connections a valuable tool for monitoring and controlling various aspects of an organization.

Key features of an M2M connection

A typical M2M connection consists of key features such as:

• The device has a very low power consumption to prevent unnecessary power loss.
• The tool enables you to monitor events through its monitoring capabilities.
• The machine is enabled to send and receive data at predetermined time intervals.
• Geo-specific alerts are notifications that activate specific devices when they enter pre-defined areas.
• A network operator may be present to offer packet-switching services.
• An M2M connection has time tolerance as data transfers may be delayed.
• Continuous small-data packet transmission and reception is a well-known feature of M2M networks.

Segment Analysis

Segment by Technology

M2M technology enables efficient information sharing between devices, such as smart home meters, wearable technology, asset tracking, car telemetry services, and automated supply chain management, among others.

Machine-to-machine (M2M) technology enables communication between machines without human intervention, primarily through automated processes. Examples include weather buoys gathering and processing data automatically.

In an ideal M2M ecosystem, data silos should be eliminated, as they hinder the effectiveness of analysis and communication. By allowing all devices to exchange data, M2M can eliminate silos, which are difficult for other systems to access. This ensures efficient data exchange and communication between machines.

The wireless technology market is expanding due to the use of short-range technologies like Wi-Fi, Bluetooth, and ZigBee for various applications, including wireless beacons, in-car infotainment systems, patient monitoring devices, and smart appliances.

The machine-to-machine (M2M) connections market is also experiencing rapid growth due to widespread 4G/LTE cellular technology deployment.

Segment by Industry

M2M in automotive

The automotive IoT market is expected to reach 6.4 billion dollars by 2023, while the overall IoT market in the region is predicted to rise from 18 to 32 billion USD, requiring IoT and M2M for network and standardization.

The M2M paradigm enhances vehicular networking by facilitating large-scale device deployment, cross-platform networking, autonomous monitoring, control, visualization, and security.

Technology Requirements

M2M technology and protocols require scalability, allowing new devices to join the system as needed for expansion. Systems must record operational details, log issues for detection and resolution, and ensure devices are anonymous for security reasons.

M2M relies on automation, so any issues must be detected and fixed by the system. Additionally, devices should be able to conceal specific data from other devices and frameworks, making them harder for users to access.

Growth Drivers

The Internet's unmetered high-speed connections provide greater flexibility in working hours and location, with various ways to access it, including through mobile devices like routers, data cards, and mobile phones.

This has led to an increase in telemetry in commonplace products like electric meters, heating units, and appliances connected to the internet, a trend previously limited to engineering, industry, and research.

The machine-to-machine (M2M) connection market is growing globally due to increased emphasis on connections and internet usage. The introduction of 5G technology and 4G/LTE cell technologies significantly impact M2M connectivity.

Europe has the highest internet penetration rate globally, rising from 60% in 2009 to 89% in 2022, while Africa has the lowest rate at 40%. In 2022, 4.9 billion users had access to the internet worldwide.

Restraints

Certain limitations may hinder the market's growth.

Challenges

The high cost of deployment and maintenance is a significant obstacle to the growth of the M2M market. This includes upfront expenses for devices, infrastructure, and connectivity, particularly for large-scale deployments.

The overall cost of ownership is further exacerbated by ongoing maintenance and support costs, making it a significant barrier to market expansion.

Competitive Landscape of the Machine-To-Machine (M2M) Connections Market Analysis

• Vodafone Group PLC (UK)
• AT&T Inc. (US)
• China Mobile Ltd. (China)
• Deutsche Telekom AG (Germany)
• Telefonica
• Texas Instruments Incorporated (US)
• Intel Corporation (US)
• Gemalto N.V. (Netherlands)
• Cisco Systems Inc. (US)
• Huawei Technologies Co.
• Sprint Corporation (US)
• Verizon Communication Inc. (US)
• Orange S.A. (France)
• NXP Semiconductors N.V. (Netherlands)
• Sierra Wireless Inc. (Canada)
• ElefonaKTiebolaget Lm Ericsson (Sweden)
• Murata Manufacturing Co.
• U-Blox Holding AG (Switzerland)
• Telit Communications (UK)
• Kore Wireless Group (US)
• Fanstel Corporation (US)
• Commsolid GmbH (A Goodix Company) (Germany)
• Afero
• Meshify
• Idefigo Group Limited (New Zealand)

New Developments in Machine-To-Machine (M2M) Connections Market

Oct. 19, 2023- Texas Instruments board declares fourth quarter 2023 quarterly dividend

The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.30 per share of common stock, payable Nov. 14, 2023, to stockholders of record on Oct. 31, 2023.   

17/05/2022- Telefónica has launched a dedicated website to promote machine to machine systems. Machine to machine – often known as M2M – offers connectivity and solutions that enable devices to communicate over wireless or fixed telecommunication networks, for better maintenance, alerts and management of machines, meters or sensors and much more.

September 2022: M2M Connectivity, a Sierra Wireless company with operations in Australia, and Blue Sky Network, a prominent provider of satellite technology, agreed to a new channel relationship. The initiative would improve M2M Connection's satellite IoT capabilities by lowering the cost and increasing the availability of satellite connectivity for a wider variety of organizations and applications.

June 2022: Cisco announced a partnership with Axians, a Vinci Energies brand, to offer Cisco private 5G to businesses across various industries in Germany and the Netherlands. Axians said that its partnership with Cisco could give its clients a private 5G solution that connected OT assets to the worlds of artificial intelligence, the Internet of Things, and digital M2M communication.

Regional Analysis of Global Machine-To-Machine (M2M) Connections Industry

The North America market is expected to dominate the M2M connections market, with 34% of total revenue coming from connectivity provision and 65% from service wrap. The US is the largest contributor to growth.

The European M2M connectivity market is expected to expand significantly, driven by major players like Deutsch Telekom and Vodafone. However, high deployment and maintenance costs pose a significant obstacle. Implementing M2M connections often requires upfront expenses for infrastructure setup and device maintenance.

The M2M Connections Market is expected to experience significant growth in the Asia Pacific region due to the increasing demand for smart cities and transportation, the presence of manufacturing centers, and the adoption of Industry 4.0 technologies, as well as expansion in the Middle East, Africa, and Latin America regions.

Frequently Asked Questions

What does Machine-To-Machine (M2M) Connections do?

Machine-to-machine (M2M) refers to technology that enables networked devices to exchange information and perform actions without human intervention.

 What is the expected growth rate of the Machine-To-Machine (M2M) Connections market over the next 7 years?

The Machine-To-Machine (M2M) Connections Market to grow from USD 26.73 Billion in 2023 to USD 38.97 Billion by 2030, at a CAGR of 4.2%.

Who are the major players in the Machine-To-Machine (M2M) Connections market and what is their market share?

Vodafone Group PLC  (UK), AT&T Inc. (US), China Mobile Ltd. (China), Deutsche Telekom AG (Germany), Telefonica, S.A (Spain), Texas Instruments Incorporated (US), Intel Corporation (US), Gemalto N.V. (Netherlands), Cisco Systems Inc. (US), Huawei Technologies Co., Ltd. (China), Sprint Corporation (US), Verizon Communication Inc. (US), Orange S.A. (France), NXP Semiconductors N.V. (Netherlands), Sierra Wireless Inc. (Canada), ElefonaKTiebolaget Lm Ericsson (Sweden), Murata Manufacturing Co., Ltd. (Japan), U-Blox Holding AG (Switzerland), Telit Communications (UK), Kore Wireless Group (US), Fanstel Corporation (US), Commsolid GmbH (A Goodix Company) (Germany), Afero, Inc. (US), Meshify, Inc. (US), Idefigo Group Limited (New Zealand), are prominent players operating and dominating in the market.

Which geographical areas dominate the worldwide market for Machine-To-Machine (M2M) Connections?

North America region are emerging as the top regional markets for Machine-To-Machine (M2M) Connections.

1.SUMMARY

1.1. Machine-To-Machine (M2M) Connections Market Overview

1.2. Key Insights

1.3. Report Scope

1.4. Research Methodology

1.5. Frequently Asked Questions

1.6. Chapter Outlines

2. DECISION-MAKING SUMMARY
3. INTRODUCTION

3.1. Overview of Machine-To-Machine (M2M) Connections

3.2. Key Historical Events

3.3. Structure

3.4. Biochemical Interaction

3.5. Target Indications

3.6. Advantages of Machine-To-Machine (M2M) Connections

3.7 Challenges associated with Machine-To-Machine (M2M) Connections

3.8. Future Perspectives.

4. MARKET LANDSCAPE

4.1. Methodology

4.2 Machine-To-Machine (M2M) Connections: Developer Landscape

4.2.1. Analysis by Year of Establishment

4.2.2. Analysis by Company Size

4.2.3. Analysis by Location of Headquarters (Region-wise)

4.2.4. Analysis by Location of Headquarters (Country-wise)

4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)

4.2.6. Most Active Players

5. COMPANY

5.1. Company Overview

5.1.2 Management Team

5.1.3. Product Portfolio

5.1.4. Recent Developments and Future Outlook

6. PARTNERSHIPS AND COLLABORATIONS

6.1. Partnership Models

6.2. Machine-To-Machine (M2M) Connections: Partnerships and Collaborations

6.2.1. Analysis by Year of Partnership

6.2.2. Analysis by Type of Partnership

6.2.3. Analysis by Year and Type of Partnership

6.2.4. Analysis by Type of Partner

6.2.5. Analysis by Year of Partnership and Type of Partner

6.2.6. Analysis by Type of Partnership and Type of Partner

6.2.7. Analysis by Type of Partner and Parent Company Size

7. ACADEMIC GRANTS ANALYSIS

7.1. Methodology and Key Parameters

7.2. Machine-To-Machine (M2M) Connections: Academic Grants Analysis

7.2.1. Analysis by Year of Grant Award

7.2.2. Analysis by Amount Awarded

7.2.3. Analysis by Funding Institute Center

7.2.4. Analysis by Support Period

7.2.5. Analysis by Funding Institute Center and Support Period

7.2.6. Analysis by Type of Grant Application

7.2.7. Analysis by Purpose of Grant

8. PUBLICATION ANALYSIS

8.1. Analysis Methodology and Key Parameters

8.2. Machine-To-Machine (M2M) Connections: Publication Analysis

8.2.1. Analysis by Year of Publication

8.2.2. Analysis by Type of Publication

8.2.3. Analysis by Type of Conjugate

8.2.4. Analysis by Target Indication

8.2.5. Analysis by Copyright Holder

8.2.6. Word Cloud: Emerging Focus Area

8.2.7. Most Active Publishers: Analysis by Number of Publications

9. SUCCESS PROTOCOL ANALYSIS

9.1. Methodology and Key Parameters

9.2. Key Assumptions and Scoring Criteria

9.3. Success Protocol Analysis

9.4. Assessment of Approved Machine-To-Machine (M2M) Connections

10. Appendix 1: Tabulated Data
11. Appendix 2: List of Companies 
12. Vodafone Group PLC (UK)
13. AT&T Inc. (US)
14. China Mobile Ltd. (China)
15. Deutsche Telekom AG (Germany)
16. Telefonica
17. Texas Instruments Incorporated (US)
18. Intel Corporation (US)
19. Gemalto N.V. (Netherlands)
20. Cisco Systems Inc. (US)
21. Huawei Technologies Co.
22. Sprint Corporation (US)
23. Verizon Communication Inc. (US)
24. Orange S.A. (France)
25. NXP Semiconductors N.V. (Netherlands)
26. Sierra Wireless Inc. (Canada)
27. ElefonaKTiebolaget Lm Ericsson (Sweden)
28. Murata Manufacturing Co.
29. U-Blox Holding AG (Switzerland)
30. Telit Communications (UK)
31. Kore Wireless Group (US)
32. Fanstel Corporation (US)
33. Commsolid GmbH (A Goodix Company) (Germany)
34. Afero
35. Meshify
36. Idefigo Group Limited (New Zealand)

Segments Covered in the Machine-To-Machine (M2M) Connections Market Report

Machine-To-Machine (M2M) Connections Market Segment by Technology

• Wired
• Wireless

Machine-To-Machine (M2M) Connections Market by Industry

• Healthcare
• Utilities
• Retail
• Consumer Electronics
• Automotive & Transportation
• Security & Surveillance

Machine-To-Machine (M2M) Connections Market by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
• Middle East
• Africa
• Latin America

Research Methodology