According to the latest market research report "Machine-to-Machine
(M2M) Connections Market by Technology (Wired, Wireless), Industry
(Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation,
Security & Surveillance), and Geography - Global Forecast to 2023",
M2M connections market, the overall M2M connections market is expected to be
worth USD 27.62 Billion by 2023, growing at a CAGR of 4.6% from 2017 to 2023.
The growing adoption of wired and wireless connectivity
across various end-user industries is the key factor propelling the growth of
the M2M connections market. Following this, the growing penetration of the
Internet connectivity, favorable regulatory mandates, and growing adoption of
new connectivity technologies such as 4G/LTE further drive the growth of the
M2M connections market.
Wireless technology is expected to hold the largest
market share from 2017 to 2023
The M2M connections market for wireless connectivity
technology is expected to hold the largest market share from 2017 to 2023. The
ubiquitous presence of wireless connectivity-enabled products such as wireless
beacons, mobile point of sale (MPoS) devices, and patient health monitoring
devices is the prime factor driving the growth of the market for wireless
connectivity technology in the machine to machine connections market. Alongside
this, the falling prices of wireless connectivity chipsets and the growing
demand from applications such as in-car infotainment, connected factories, and
smart homes is further accelerating the demand for wireless connectivity
technology in the M2M connections market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=732
M2M connections for the automotive and transportation
sector to witness the highest CAGR from 2017 to 2023
The M2M connections market for the automotive and
transportation end-user industry is expected to grow at the highest rate during
the forecast period. The growing penetration of connected cars with embedded
telemetry and smart in-car infotainment systems is driving the growth of this
end-user industry in the M2M connections market.
Americas to lead the M2M connections market in terms of
market size
The Americas held the largest share of the M2M connections
market in 2016. In the Americas, North America is one of the fastest-growing
markets owing to factors such as technological advancements, advanced
infrastructure, and higher disposable income. The wide-scale adoption of M2M
connectivity technologies in several industries such as manufacturing,
healthcare, BFSI, and transportation and automotive is the key factor
supporting the growth of the M2M connections market in this region.
Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=732
The companies that are profiled in the report are AT&T,
Inc. (US), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), NXP
Semiconductors N.V. (Netherlands), Texas Instruments Incorporated (US), Intel
Corporation (US), Gemalto N.V. (Netherlands), Vodafone Group PLC (UK), Murata
Manufacturing Co., Ltd. (Japan), U-blox Holding AG (Switzerland), Fanstel
Corporation (US), and Commsolid GmbH (Germany).
