Product Code: PM4841
The global Machine-to-Machine (M2M) Connections market size is expected to reach USD 33.31 billion by 2032, according to a new study by Polaris Market Research. The report "Machine-to-machine (M2M) Connections Market Share, Size, Trends, Industry Analysis Report, By Technology (Wired, Wireless); By End Use Industry; By Region; Segment Forecast, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Industries such as manufacturing and logistics are embracing automation to boost efficiency and productivity. M2M connections facilitate seamless communication and data exchange between machines, sensors, and control systems in automated environments. As industries transition to smart factories and Industry 4.0, the demand for M2M connections rises. These connections enable real-time monitoring and predictive maintenance, optimizing processes and reducing downtime. Additionally, advancements in wireless technologies like 5G enhance connectivity, further fueling M2M adoption in industrial automation.
The surge in demand for connected vehicles is a major driver propelling the machine-to-machine (M2M) connections market. Modern vehicles are equipped with sensors and internet connectivity, facilitating seamless communication for various applications like vehicle tracking and remote diagnostics. As consumers prioritize safety and convenience, automotive manufacturers are integrating more connected features into their vehicles, while government regulations mandate safety systems like eCall. Furthermore, the emergence of electric and autonomous vehicles necessitates robust M2M connections for data exchange between vehicles and infrastructure.
The rise of wearable devices and adoption of healthcare Internet of Things (IoT) technology are fueling the machine-to-machine connections market. Wearables like fitness trackers and medical sensors transmit real-time health data via M2M connections, enabling remote patient monitoring and proactive healthcare management. Additionally, healthcare IoT integrates various connected medical devices, facilitating seamless data exchange and improving clinical workflows. This convergence drives demand for M2M connections as organizations aim to optimize healthcare delivery, enhance patient outcomes, and reduce costs through connected health technology.
Smart grids employ advanced sensors and control systems to monitor and manage electricity distribution efficiently, optimizing energy usage and integrating renewable sources. Energy management systems utilize IoT devices and M2M connections for real-time data analysis and remote control of energy consumption in buildings and industrial facilities, enhancing efficiency and cost savings. As the demand for energy efficiency and sustainability increases, the adoption of smart grids and energy management systems grows, driving the need for M2M connections.
Machine-to-Machine (M2M) Connections Market Report Highlights
In 2023, the wireless segment held significant revenue share owing to flexibility and scalability, ubiquitous connectivity, and rapid deployment.
The demand from automotive and transportation segment is expected to increase during the forecast period owing to rise in connected vehicles, application in fleet management, and growing demand for telematics services.
In 2023, North America region accounted for a significant market share due to early adoption, robust infrastructure, and technological innovation.
The market is highly competitive owing to the existence of market players with a global presence, including AT&T Inc., Deutsche Telekom AG, Intel Corporation, NTT Data, Telefonica S.A., Telenor Group, Verizon Communications Inc., and Vodafone Group Plc among others.
Polaris Market Research has segmented the Machine-to-Machine (M2M) Connections market report based on technology, end use industry, and region:
Machine-to-Machine (M2M) Connections, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Machine-to-Machine (M2M) Connections, End Use Industry Outlook (Revenue - USD Billion, 2019 - 2032)
- Healthcare
- BFSI
- Consumer Electronics
- Retail
- Automotive and Transportation
- Oil & Gas
- Others
Machine-to-Machine (M2M) Connections, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Netherlands
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Malaysia
- Indonesia
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Machine-to-Machine (M2M) Connections Market Insights
- 4.1. Machine-to-Machine (M2M) Connections Market - Industry Snapshot
- 4.2. Machine-to-Machine (M2M) Connections Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing IoT adoption across industries is projected to spur the product demand
- 4.2.1.2. Proliferation of connected devices is expected to drive machine-to-machine (M2M) connections market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Security and privacy concerns
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Machine-to-Machine (M2M) Connections Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Machine-to-Machine (M2M) Connections Market, by Technology
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Machine-to-Machine (M2M) Connections, by Technology, 2019-2032 (USD Billion)
- 5.3. Wired
- 5.3.1. Global Machine-to-Machine (M2M) Connections Market, by Wired, by Region, 2019-2032 (USD Billion)
- 5.4. Wireless
- 5.4.1. Global Machine-to-Machine (M2M) Connections Market, by Wireless, by Region, 2019-2032 (USD Billion)
6. Global Machine-to-Machine (M2M) Connections Market, by End Use Industry
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 6.3. Healthcare
- 6.3.1. Global Machine-to-Machine (M2M) Connections Market, by Healthcare, by Region, 2019-2032 (USD Billion)
- 6.4. BFSI
- 6.4.1. Global Machine-to-Machine (M2M) Connections Market, by BFSI, by Region, 2019-2032 (USD Billion)
- 6.3. Consumer Electronics
- 6.3.1. Global Machine-to-Machine (M2M) Connections Market, by Consumer Electronics, by Region, 2019-2032 (USD Billion)
- 6.4. Retail
- 6.4.1. Global Machine-to-Machine (M2M) Connections Market, by Retail, by Region, 2019-2032 (USD Billion)
- 6.3. Oil & Gas
- 6.3.1. Global Machine-to-Machine (M2M) Connections Market, by Oil & Gas, by Region, 2019-2032 (USD Billion)
- 6.4. Others
- 6.4.1. Global Machine-to-Machine (M2M) Connections Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Machine-to-Machine (M2M) Connections Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Machine-to-Machine (M2M) Connections Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Machine-to-Machine (M2M) Connections Market - North America
- 7.3.1. North America: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.3.2. North America: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.3.3. Machine-to-Machine (M2M) Connections Market - U.S.
- 7.3.3.1. U.S.: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.3.4. Machine-to-Machine (M2M) Connections Market - Canada
- 7.3.4.1. Canada: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4. Machine-to-Machine (M2M) Connections Market - Europe
- 7.4.1. Europe: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.2. Europe: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.3. Machine-to-Machine (M2M) Connections Market - UK
- 7.4.3.1. UK: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.4. Machine-to-Machine (M2M) Connections Market - France
- 7.4.4.1. France: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.4.2. France: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.5. Machine-to-Machine (M2M) Connections Market - Germany
- 7.4.5.1. Germany: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.6. Machine-to-Machine (M2M) Connections Market - Italy
- 7.4.6.1. Italy: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.7. Machine-to-Machine (M2M) Connections Market - Spain
- 7.4.7.1. Spain: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.8. Machine-to-Machine (M2M) Connections Market - Netherlands
- 7.4.8.1. Netherlands: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.4.9. Machine-to-Machine (M2M) Connections Market - Russia
- 7.4.9.1. Russia: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5. Machine-to-Machine (M2M) Connections Market - Asia Pacific
- 7.5.1. Asia Pacific: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.3. Machine-to-Machine (M2M) Connections Market - China
- 7.5.3.1. China: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.3.2. China: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.4. Machine-to-Machine (M2M) Connections Market - India
- 7.5.4.1. India: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.4.2. India: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.5. Machine-to-Machine (M2M) Connections Market - Malaysia
- 7.5.5.1. Malaysia: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.6. Machine-to-Machine (M2M) Connections Market - Japan
- 7.5.6.1. Japan: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.7. Machine-to-Machine (M2M) Connections Market - Indonesia
- 7.5.7.1. Indonesia: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.5.8. Machine-to-Machine (M2M) Connections Market - South Korea
- 7.5.8.1. South Korea: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.6. Machine-to-Machine (M2M) Connections Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.6.3. Machine-to-Machine (M2M) Connections Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.6.4. Machine-to-Machine (M2M) Connections Market - UAE
- 7.6.4.1. UAE: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.6.5. Machine-to-Machine (M2M) Connections Market - Israel
- 7.6.5.1. Israel: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.6.6. Machine-to-Machine (M2M) Connections Market - South Africa
- 7.6.6.1. South Africa: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.7. Machine-to-Machine (M2M) Connections Market - Latin America
- 7.7.1. Latin America: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.7.3. Machine-to-Machine (M2M) Connections Market - Mexico
- 7.7.3.1. Mexico: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.7.4. Machine-to-Machine (M2M) Connections Market - Brazil
- 7.7.4.1. Brazil: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
- 7.7.5. Machine-to-Machine (M2M) Connections Market - Argentina
- 7.7.5.1. Argentina: Machine-to-Machine (M2M) Connections Market, by End Use Industry, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Machine-to-Machine (M2M) Connections Market, by Technology, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. AT&T Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. China Mobile Communications Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Cisco Systems, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Deutsche Telekom AG
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Gemalto N.V
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Huawei Technologies Co. Ltd.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Intel Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. NTT Data
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Telefonica S.A.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Telenor Group
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Telit Communications
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Texas Instruments
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. U-blox Holding AG
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Verizon Communications Inc.
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Vodafone Group Plc
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development