The global cellular M2M market is projected to grow from USD 7.19 billion in 2020 to USD 8.86 billion in 2021 at a compound annual growth rate (CAGR) of 21%. Growth is driven primarily by increasing adoption of wireless connectivity across industries to improve operational efficiencies, quality of products and services, and advances in connectivity technologies are also driving market growth. The cellular M2M market is expected to reach USD 237.9 billion in 2025, at a CAGR of 28.37%. The adoption of high-speed internet and connectivity technologies such as 4G and 5G is expected to propel the growth of the cellular M2M market during the forecast period.
A full report of Cellular M2M Market available at https://www.orionmarketreports.com/cellular-m2m-market/31025/
Some of the important players in cellular M2M market are AT&T, Verizon Communications, Vodafone Group PLC, Sprint Corporation, Amdocs Inc., China Mobile Limited, Deutsche Telecom AG, Telefonica SA, Aeris Communications and Sierra Wireless.
Cellular M2M Market: Segmentation
By Component:
• Hardware
• Software
• Services
By End-Use:
• Banking, Financial Services and Insurance (Bfsi)
• Media & Communication Services
• Manufacturing and Automotive
• Government and Utilities
• Information Technology and Telecommunication Services
• Security and Surveillance
• Aerospace and Defence
By Technology:
• Cloud Computing
• Artificial Intelligence (Ai)
• Machine Learning
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
