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U.S. Machine-to-Machine (M2M) Communications Market Is Forecast To Reach $7,262.76 Million by 2020

By MIller12    12 / Feb / 2019    In Category Technology

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According to a new market research report U.S. Machine-to-Machine (M2M) Connections Market by Technology (Wired and Wireless), Industry Verticals (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, and Others) - Forecast to 2020”, the market size of M2M connections in the U.S. is expected to reach $7,262.76 Million by 2020, at a CAGR of 6.79% between 2015 and 2020.

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Short-range technologies such as ZigBee, Wi-Fi, and Bluetooth are expected to dominate the M2M Communications market during the forecast period. The market share of wired and cellular technology 2G is projected to decline in the coming years. 3G and 4G/LTE technologies are anticipated to have high growth rates. Rising application of telematics in the automotive industry, demand for smart grids in the utilities sector, coupled with overall standardization of IPv6 are expected to propel the growth of U.S. Machine-to-Machine Communications market.

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The market associated with the Machine-to-Machine Communications is poised to witness tremendous growth. Industries such as utilities and automotive & transportation are expected to be high growth areas for M2M connections. This report covers the U.S. Machine-to-Machine Communications market on the basis of different types of technologies and industry verticals. The major technologies considered for this study are wired and wireless. The wireless technology has been further segmented into short range and cellular

Some of the major industry players in the said market are Gemalto (The Netherlands), Sierra Wireless (Canada), Telit PLC (U.K.), AT&T (U.S.), Vodafone (U.K.), Jasper Wireless Inc. (U.S.), and Intel (U.S.) among others.

KEY TAKE-AWAYS

  • The U.S. Machine-to-Machine Communications market statistics with detailed classifications and splits based on the respective market size.
  • Impact analysis of market dynamics along with, the factors currently driving and restraining the growth of the said market and their impact in the short, medium, and long-term
  • Illustrative segmentation, analysis, and forecast of the major industry verticals to provide an overall view of the M2M connections market in the U.S.
  • Detailed competitive landscape with identification of the key players in each type of product and application and an in-depth market share analysis with the respective revenue and market share rankings.
  • Competitive intelligence based on the company profiles, key player strategies, and key developments such as product launches and acquisitions
  • Complete value chain analysis of the M2M Communications market landscape along with the key stakeholders.

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