M2M communication enables the sharing of information among devices such as sensors or meters. It helps in building connection between devices and perform necessary actions. This report offered by Market Research Future (MRFR) suggests that the global M2M communication market is supposed to expand at 10% CAGR over the assessment period 2016 to 2022. Technological advancements are projected to bring innovative product launches into the market place. This, in turn, is anticipated to act as a growth catalyst for the M2M communication market.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
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On the basis of technology, the M2M communication market has been bifurcated into Wired, Wireless, and hybrid.
Based on component, the segments of the M2M communication market are Wi-Fi, sensors, RFID, computer software, and others.
On the basis of application, the M2M communication market has been segmented into consumer electronics, retail, healthcare, automotive, home automation, utilities, and others.
The geographical analysis of M2M Communication Market Covid 19 has been offered in the MRFR report that studied the following regions in detail – North America, Europe, Asia Pacific, and Rest of the World (RoW). These regional segments are further analyzed on the basis of country-level markets. North America is supposed to lead the market on the global front over the assessment period. Increasing deployment of connected devices in the region is prognosticated to influence the growth of the M2M communication market in the region positively. The U.S. is assessed to earn considerable revenues in the region and is poised to contribute significantly to market development.
Europe is anticipated to generate a decent amount of revenue over the next couple of years. The infrastructural development of the region is poised to accelerate growth of the regional M2M communication market.
Aeris communication. Inc. (U.S.), Deutsche Telekom AG(Germany), AT&T, Inc. (U.S.), Cisco Systems Inc. (U.S.), KORE Wireless Group(U.S.), Telenor Group(Norway), Intel (U.S.), Singtel Group (Singapore), Texas Instruments (U.S), Rogers Communications Canada, Inc. (Canada), Vodafone Group plc.(U.K.), Sprint Corporation(U.S.), Verizon Communications, Inc.(U.S.), Telefónica, S.A.(Spain), Numerex Corp.(U.S.), China Mobile Ltd. (China), Sierra Wireless (Canada), and Orange S.A.(France) are some of the key players of the global M2M communication market.
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