M2M Services

M2M Services

Global M2M Services Market to Reach $1.4 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for M2M Services estimated at US$185.1 Billion in the year 2022, is projected to reach a revised size of US$1.4 Trillion by 2030, growing at aCAGR of 28.2% over the period 2022-2030. Cellular, one of the segments analyzed in the report, is projected to record 29.5% CAGR and reach US$893.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Satellite segment is readjusted to a revised 26% CAGR for the next 8-year period.

The U.S. Market is Estimated at $58.5 Billion, While China is Forecast to Grow at 27.3% CAGR
The M2M Services market in the U.S. is estimated at US$58.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$225.9 Billion by the year 2030 trailing a CAGR of 27.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.2% and 23.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 19.5% CAGR.Select Competitors (Total 43 Featured) - Aeris Communications, Inc.AMDOCS Ltd.Applied Satellite Technology Systems Ltd.AT&T, Inc.China Mobile Ltd.Comarch SADigi International, Inc.EE LimitedEricsson ABGemalto NVHuawei Technologies Co., Ltd.KORE Wireless Group, Inc.Novatel Wireless, Inc.Nupoint Systems Inc.Oracle CorporationOrange Business ServicesPTC, Inc.Quake Global, Inc.Rogers Communications, Inc.Sierra Wireless, Inc.Sprint CorporationTech Mahindra Ltd.Telefonica SATelia Company ABTelit Communications PLCu-blox AGVerizon WirelessWipro Ltd.Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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