The global M2M Service market is anticipated to grow at a CAGR of 30.5% during the forecast period (2023-2030). The launch of M2M service by key network providers is a key factor boosting the growth of the global M2M service market. For instance, in June 2022, STMicroelectronics launched the ST4SIM-201 embedded SIM (eSIM) for M2M communication, which complies with the most recent 5G network access standards, M2M security, and flexible remote provisioning and management. The ST4SIM-201 is compatible with ETSI/3GPP release 16 and can connect to 5G standalone (SA) networks. Additionally, it is also able to connect to networks powered by 3G, 4G, and low-power wide-area (LPWA) technologies like LTE-M and narrowband IoT.
Browse the full report description of “Machine to Machine (M2M) Service Market Size, Share & Trends Analysis Report by Type (Managed Services and Professional Services), and by End-User Vertical (BFSI, Healthcare, IT & Telecom, Retail, Automotive, and Other) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/m2m-service-market
Further, in October 2022, Bharti Airtel ("Airtel"), India's telecommunications services provider, implemented the "Always On" IoT connectivity solution in the country. Dual profile M2M eSIM, part of Airtel's "Always On" service, enables an IOT device to maintain a mobile network connection from several Mobile Network Operators (MNOs) in the eSIM. GSMA-compliant technology from Airtel, flexible API-based eSim lifecycle management on the feature-rich Airtel IoT Hub, and full compliance with Department of Telecom (DoT) M2M requirements all contribute to the company's ability to meet future needs.
In May 2021, Econet Wireless launched M2M services in Zimbabwe. The introduction of M2M technology will boost productivity and efficiencies for Zimbabwean businesses and is set to be a key enabler in achieving a digital economy. The adoption of M2M based applications, particularly in areas such as smart agriculture, healthcare, tele-education, smart building, and smart cities, among others, will have an enormous impact in boosting the country’s socio-economic development and enabling the transition to a digital economy.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By End-User Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including IBM Corp., Intel Corp., Ericsson, Verizon Communications Inc., and Nokia Corp. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global M2M Service Market Report Segment
By Type
By End-User Vertical
Global M2M Service Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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