- Wi-Fi
- Sensors
- RFID
- Computer Software
- Others
M2M/IoT Communications Market Size is expected to be valued at USD 22.1 billion in 2022 and grow at a CAGR of 4.9% over the forecast period by 2028. There are few drivers which include, it enables communication of smart devices without any human intervention, large protection, data collection and data processing is possible. There are few restrain which hamper the growth such as lack of awareness, use of cloud computing in M2M means dependence on others which could limit flexibility and innovation, security and ownership of data is a big concern, interoperability between cloud/M2M IoT devices is a big concern in such networks. Various government policies and initiative by government such as ‘Digital India’ provide multiple opportunity towards the global M2M/IoT communication market. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global M2M/IoT communication market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global M2M/IoT communication market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global M2M/IoT communication market
M2m Iot Communications Market Summary
Study Period
2023-29
Base Year
2022
CAGR
4.9%
Largest Market
North America
Fastest Growing Market
Europe
M2M/IoT Communications Market Drivers
It is noticed that the global M2M/IoT communication market has a significant market growth rate on perspective of 5G Networking. 5G is the fifth generation of cellular networks, bringing new capabilities that will create opportunities for people, businesses and society. 5G will do much more than significantly improve your network connection. Smarter electricity grids for greatly reduced carbon emissions, more connected vehicles sharing data to prevent road collisions, faster deployment of emergency services to accidents. Transforming industries: Production lines autonomously reacting to supply and demand, digital replicas that can warn about real machinery faults ahead of time. Logistic networks autonomously routing goods based on real-world conditions which boost the global market.
North America Got Significant Share
M2M/IoT Communications Market
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year. On the perspective of high-speed networks that allow quick access, review and exploitation of stored data transactions to help consumers enhance their business activities. Europe hold the second largest with the help of economic production as well as infrastructural growth. Asia Pacific dominate with increased use of smartphones and automated technologies such in China and India helping in the development of global M2M/IoT communication market
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
M2m Iot Communications Market Segmentation
Component
Technology
- Wired
- Wireless
Application
- Wearable Devices
- Healthcare
- Automotive and Transportation
- Building Automation
- Industrial
- Consumer Electronics
- Precision Farming
Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
The M2M/IoT communication market is projected to expand at a 4.9% CAGR during the forecast period
Softbank, NTT Docomo, KDDI, SK Telecom, T-Mobile Netherlands, Telstra, Singtel, Vodafone, Plintron, Deutsche Telekom (DT), Tata Communications, Unlimit, China Mobile International, China Unicom (Hong Kong) Limited, China Telecom, A1 Telekom Austria, Aeris
North America is the fastest-growing region for M2M/IoT communication market
| 1. Executive Summary |
| 2. Global M2M/IoT Communications Market Introduction |
| 2.1. Global M2M/IoT Communications Market – Taxonomy |
| 2.2. Global M2M/IoT Communications Market –Definitions |
| 2.2.1. Component |
| 2.2.2. Technology |
| 2.2.3. Application |
| 3. Global M2M/IoT Communications Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global M2M/IoT Communications Market Dynamic Factors - Impact Analysis |
| 3.6. Global M2M/IoT Communications Market – Competition Landscape |
| 4. Global M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global M2M/IoT Communications Market, By Component, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1. Wi-Fi |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sensors |
| 5.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. RFID |
| 5.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Computer |
| 5.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Software |
| 5.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global M2M/IoT Communications Market Forecast, By Technology, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.1. Wired |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Wireless |
| 6.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global M2M/IoT Communications Market Forecast, By Application, 2017 - 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 7.1. Wearable Devices |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Healthcare |
| 7.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Automotive and Transportation |
| 7.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Building Automation |
| 7.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Industrial |
| 7.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Consumer Electronics |
| 7.6.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Precision Farming |
| 7.7.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global M2M/IoT Communications Market Forecast, By Region, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Region, 2022 - 2028 |
| 9. North America M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 9.1. Component Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Wi-Fi |
| 9.1.2. Sensors |
| 9.1.3. RFID |
| 9.1.4. Computer Software |
| 9.1.5. Others |
| 9.2. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Wired |
| 9.2.2. Wireless |
| 9.3. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Wearable Devices |
| 9.3.2. Healthcare |
| 9.3.3. Automotive and Transportation |
| 9.3.4. Building Automation |
| 9.3.5. Industrial |
| 9.3.6. Consumer Electronics |
| 9.3.7. Precision Farming |
| 9.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Country, 2022 - 2028 |
| 9.6. North America M2M/IoT Communications Market Dynamics – Trends |
| 10. Europe M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 10.1. Component Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Wi-Fi |
| 10.1.2. Sensors |
| 10.1.3. RFID |
| 10.1.4. Computer Software |
| 10.1.5. Others |
| 10.2. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Wired |
| 10.2.2. Wireless |
| 10.3. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Wearable Devices |
| 10.3.2. Healthcare |
| 10.3.3. Automotive and Transportation |
| 10.3.4. Building Automation |
| 10.3.5. Industrial |
| 10.3.6. Consumer Electronics |
| 10.3.7. Precision Farming |
| 10.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Country, 2022 - 2028 |
| 10.6. Europe M2M/IoT Communications Market Dynamics – Trends |
| 11. Asia-Pacific M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 11.1. Component Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Wi-Fi |
| 11.1.2. Sensors |
| 11.1.3. RFID |
| 11.1.4. Computer Software |
| 11.1.5. Others |
| 11.2. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Wired |
| 11.2.2. Wireless |
| 11.3. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Wearable Devices |
| 11.3.2. Healthcare |
| 11.3.3. Automotive and Transportation |
| 11.3.4. Building Automation |
| 11.3.5. Industrial |
| 11.3.6. Consumer Electronics |
| 11.3.7. Precision Farming |
| 11.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Country, 2022 - 2028 |
| 11.6. Asia-Pacific M2M/IoT Communications Market Dynamics – Trends |
| 12. Latin America M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. Component Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Wi-Fi |
| 12.1.2. Sensors |
| 12.1.3. RFID |
| 12.1.4. Computer Software |
| 12.1.5. Others |
| 12.2. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Wired |
| 12.2.2. Wireless |
| 12.3. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Wearable Devices |
| 12.3.2. Healthcare |
| 12.3.3. Automotive and Transportation |
| 12.3.4. Building Automation |
| 12.3.5. Industrial |
| 12.3.6. Consumer Electronics |
| 12.3.7. Precision Farming |
| 12.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Country, 2022 - 2028 |
| 12.6. Latin America M2M/IoT Communications Market Dynamics – Trends |
| 13. Middle East and Africa M2M/IoT Communications Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 13.1. Component Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Wi-Fi |
| 13.1.2. Sensors |
| 13.1.3. RFID |
| 13.1.4. Computer Software |
| 13.1.5. Others |
| 13.2. Technology Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Wired |
| 13.2.2. Wireless |
| 13.3. Application Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Wearable Devices |
| 13.3.2. Healthcare |
| 13.3.3. Automotive and Transportation |
| 13.3.4. Building Automation |
| 13.3.5. Industrial |
| 13.3.6. Consumer Electronics |
| 13.3.7. Precision Farming |
| 13.4. Country Analysis 2017 - 2021 and Forecast 2022 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA M2M/IoT Communications Market - Opportunity Analysis Index, By Component, Technology, Application, End User and Country, 2022 - 2028 |
| 13.6. MEA M2M/IoT Communications Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Softbank |
| 14.2.2. NTT Docomo |
| 14.2.3. KDDI |
| 14.2.4. SK Telecom |
| 14.2.5. T-Mobile Netherlands |
| 14.2.6. Telstra |
| 14.2.7. Singtel |
| 14.2.8. Vodafone |
| 14.2.9. Plintron |
| 14.2.10. Deutsche Telekom (DT) |
| 14.2.11. Tata Communications |
| 14.2.12. Unlimit |
| 14.2.13. China Mobile International |
| 14.2.14. China Unicom (Hong Kong) Limited |
| 14.2.15. China Telecom |
| 14.2.16. A1 Telekom Austria |
| 14.2.17. Aeris |
| 15. Research Methodology |
| Â 16. Key Assumptions and Acronyms |
- Softbank
- NTT Docomo
- KDDI
- SK Telecom
- T-Mobile Netherlands
- Telstra
- Singtel
- Vodafone
- Plintron
- Deutsche Telekom (DT)
- Tata Communications
- Unlimit
- China Mobile International
- China Unicom (Hong Kong) Limited
- China Telecom
- A1 Telekom Austria
- Aeris