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Machine to Machine (M2M) Services Market Trend 2020 – Covid-19 Impact Industry Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2024

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Global “Machine to Machine (M2M) Services Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Machine to Machine (M2M) Services in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Machine to Machine (M2M) Services Market report categorizes the market based on manufacturers, regions, type and application. Machine to Machine (M2M) Services Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Machine to Machine (M2M) Services Market report categorizes the market based on manufacturers, regions, type, and application. Machine to Machine (M2M) Services Market reports offer a detailed assessment of the Machine to Machine (M2M) Services including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Machine to Machine (M2M) Services Market:-

  • International Business Machine Corporation
  • Rogers Communications
  • Cstar Technologies
  • Alcatel-Lucent S.A.
  • Comarch
  • Cisco System Inc.
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • Google
  • Inc.
  • Gemalto NV
  • Amdocs
  • EE Ltd.
  • Verizon Communications Inc.
  • KT Corporation

The Global Machine to Machine (M2M) Services market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The machine to machine (M2M) services market is expected to grow at CAGR of 28.61% during the forecast period (2018 – 2023). Machine to machine (M2M) services refer to a broad term used to define any technology that allows network devices to exchange information and perform an action without any physical assistance of human beings. M2M services are used across different industry, such as in retail, banking & financial institutions, telecom & IT industry, healthcare, automotive, oil & gas, and transportation to enhance the safety, productivity, and efficiency of the establishments. The growing use of connected devices and IoT penetration are governing the demand for M2M services globally. Quickly advancing trends of e-commerce in the Asia Pacific countries is providing positive outlook to the M2M services in the world’s most potential market. Recovering oil & gas sector, which led to growing activity in upstream sector is also expected to create considerable demand in the near future.

Ecommerce is Driving the Growth in Supply Chain Applications

One of the largest applications of M2M services are fond in the supply chain management sector. Ranging from warehouse to fleet management, M2M services provide a wide range of applications in this sector. The fourth industrial revolution or famously known as Industry 4.0, has brought immense changes in the operations of manufacturing and logistics sector. Companies are tending more towards connected factory environments and automation. This is not only helping the producer to save on labor costs but also helping them to gain almost zero manufacturing defects and continuous monitoring capabilities.

As one of the fastest growing retail business segment in the world, e-commerce is the major driver of automation trends in the market place. The high-tech solutions, such as Automated Guided Vehicles (AGVs) and Automated Storage and Retrieval Systems (AS/RS), which are key aspects of a modern fulfillment centers depend a lot on M2M services to establish communication amongst all these automated machinery. Increasing number of omni-channel business segments and online vendors are likely to keep the demand for M2M services on the upside in the near future, especially in the Asia Pacific and Europe region.

Automotive Industry to Play a Key Role in the Market

Automotive Industry is one of the first adopters of M2M concepts in their advanced technologies. Formula one cars and rally cars are known to have sensors and GPS trackers that feed information about car’s health to the bay for technical support. The drivers used such critical data to know when their hybrid engines are charged to gain some extra boost in the race or when to reach the pit for a refuel or change during a formula one event.

But as this technology penetrated into the commercial car market, especially after the innovation of the connected cars, M2M services became one of the luxury options in top end vehicles. Establishing communication with emergency services in case of an accident, real-time assistance and navigation, on board WiFi and other infotainment features attracted the consumers towards connected cars. The advent of electric cars made M2M services almost mandatory in the automotive industry, as the EV drivers always had to keep track of the range and the next charging station continuously. With most of the governments around the world encouraging electric vehicles, the automotive industry is expected to generate considerable demand in the next four years.

The Impact of 2G Shutdown

The mobile networks are constantly evolving leading to advanced technology and faster networks. These advanced services are affordable at a consumer level market. But in case of commercial usage, where limited amounts of speed is sufficient to transfer data between machines in a production environment, these services are very costly. This is the scenario where 2G has helped the commercial users to employ M2M technologies that work on cellular/mobile networks at cheaper costs.

But since 2G networks were surpassed by 3G and LTE vendors found maintaining outdated technology at higher costs to be non-profitable. This caused prominent 2G vendors around world like T-Mobile, Verizon and Bell to shut down their 2G services. The first company to abandon the technology was KDDI, Japan in 2008, followed by companies, like Softbank, KT Corp in 2010 and 2012 respectively. But, with emerging standards, like Cat-NB1, Cat-M1, and EC-GSM-IoT, which offer better and more reliable network performance are expected to fill the position of 2G in the near future.

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The global Machine to Machine (M2M) Services market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Machine to Machine (M2M) Services Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Machine to Machine (M2M) Services Market:

  • February 2018 – In India, one of the fastest growing markets for M2M services, the Department of Telecommunications (DoT) has approved telecom service providers to start issuing 13-digit digit numbers for SIM based machine-to-machine (M2M) services. This scenario is expected to increase the number of M2M services provided the telecom vendors in the region
  • January 2018 – Thuraya Telecommunications Company announced the launch of its Thuraya Tracking and Monitoring (T2M) service in conjunction with the first product release of the year, the T2M-DUAL terminal. These releases are expected to increase the company’s hold in the automotive industry
    The m

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    This Machine to Machine (M2M) Services Market Research/analysis Report Contains Answers to your following Questions

    • Which Manufacturing Technology is Used for Machine to Machine (M2M) Services? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Machine to Machine (M2M) Services Market? What’s Their Company Profile, Their Product Information, Contact Information?
    • What Was Global Market Status of Machine to Machine (M2M) Services Market? What Was Capacity, Production Value, Cost and PROFIT of Machine to Machine (M2M) Services Market?
    • What Is Current Market Status of Machine to Machine (M2M) Services Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Machine to Machine (M2M) Services Market by Taking Applications and Types in Consideration?
    • What Are Projections of Global Machine to Machine (M2M) Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
    • What Is Machine to Machine (M2M) Services Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
    • What Is Economic Impact On Machine to Machine (M2M) Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • What Are Market Dynamics of Machine to Machine (M2M) Services Market? What Are Challenges and Opportunities?
    • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Machine to Machine (M2M) Services Industry?

    Reasons to Purchase this Report

  • Current and future machine to machine (M2M) services market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Machine to Machine (M2M) Services Market 2020 describes the Machine to Machine (M2M) Services industry expansion game plan, the Machine to Machine (M2M) Services industry knowledge supply, appendix, analysis findings, and the conclusion.

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