Global Machine-to-Machine (M2M) Connections Market – Overview
The concept of machine of machine learning has evolved rapidly in the past few years greatly, so as to include different domains. Market Research Future which concentrates on market reports linked to the electronics and semiconductors sector amongst others recently made available a report on this sector. The Machine-to-Machine connections industry worldwide is expected to demonstrate revenue growth at USD $ 54.2 Billion by the year 2030 while growing at 5.40% CAGR between the years 2022 to 2030.
Increasing remote monitoring applications have increased the scope and growth potential of the market significantly. Growing emphasis on automation has led to further development of the machine to machine connections market. Emphasis of the machine to machine learning concept has also increased due to development of the M2M Connections Market Size for internet of things.
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Machine-to-Machine (M2M) Connections Market Key Players
Haier Group Corporation (China), Electrolux (Sweden), Samsung Group (Korea), LG Electronics Inc. (Korea), Whirlpool Corporation (U.S.), Fujitsu General Limited (Japan), Dacor (U.S.), Voltas Limited (India), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany)
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Machine-to-Machine (M2M) Connections Market Segments
The M2M Connections Market Size worldwide has been divided into the category of product, technology, end users and region.
By Product: routers, wireless beacons, IoT & M2M modems, modules mobile point of sale and others.
By Technology: Short Range, Ethernet, Wired Technologies, Industrial, Cellular Network, Wireless Technologies and Others
By End-User: Automotive & Transportation, government and defense, Security & Surveillance, Consumer Electronics, Retail, Healthcare, Utilities and Others
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Machine-to-Machine (M2M) Connections Market Regional Analysis
The analysis on the basis of region of the Machine-to-Machine connections sector includes region such as North America, Asia Pacific, Europe and Rest of the World. In the North American market, it has been estimated that 65 per cent of M2M service revenue is contributed for by the service wrap and 35 per cent by the provision of connectivity. Though, the main portion of the revenue comes from service enablement with the remnants coming from the delivery of basic short range connectivity. Meanwhile in the European market, the operators such as Deutsche Telekom and Vodafone are already witnessing a respectable rate of success in the connected health market, and it is expected to be the leading region in the duration of the forecast period.