Machine-to-Machine (M2M) Connections Market Analysis, Growth Impact and Demand by Regions till 2023

1. Machine-to-Machine (M2M) Connections Market Analysis, Growth Impact and Demand by Regions till 2023 “The Machine-To-Machine (M2M) Connections Market is expected grow from USD 19.31 billion in 2016 to USD 27.62 billion in 2023, at a CAGR of 4.6% from 2017 to 2023. The number of M2M connections was 1.47 billion connections in 2016 and is estimated to reach 3.00 billion by 2023.” The Machine-To-Machine (M2M) Connections Market is expected grow from USD 19.31 billion in 2016 to USD 27.62 billion in 2023, at a CAGR of 4.6% from 2017 to 2023. The number of M2M connections was 1.47 billion connections in 2016 and is estimated to reach 3.00 billion by 2023. The major drivers for the growth are the growing penetration of the Internet in emerging economies and favorable regulatory mandates. Moreover, the increasing M2M connections in various industries and the growing adoption of new connectivity technologies such as 4G/LTE and Bluetooth Smart/BLE further accelerate its market growth. The machine-to-machine (M2M) technology facilitates the linkage of information and communication technologies (ICT) with communication devices so that the interaction with the information systems of the companies or organizations can take place effectively without human intervention. This technology is particularly well-suited for interaction with a large number of remote devices. It serves as an interface between the devices and the end user. In the connectivity technology segment, wireless technology holds the largest share of the M2M connections market in terms of the number of connections. Moreover, market for wireless technology is expected to grow at the highest rate in the M2M connections market from 2017 to 2023. The growing adoption of short-range wireless connectivity technologies such as Wi-Fi, Bluetooth, and ZigBee for multiple applications such as in-car infotainment systems, patient monitoring devices, wireless beacons, and smart appliances is driving the growth of the market for the wireless technology segment. Moreover, the substantial penetration of cellular services globally and increasing adoption of 4G/LTE cellular technology is further driving the growth of the wireless connectivity technology in the M2M connections market. Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownload.asp?id=732

2. Of all the regions, Asia Pacific (APAC) held the largest market share in terms of revenue and is expected to grow at the highest CAGR from 2017 to 2023. The APAC region is a leading industrial hub as well as an emerging and important market for several other sectors as well. The growing penetration of the Internet across the commercial and residential spaces, large consumer base, increasing disposable income, and improving IT infrastructure are some of the key factors driving the growth of M2M connections market in APAC. 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. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.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. 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 (German

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