US - Cellular M2M Connections Market size to grow by USD 5.40 billion between 2022 - 2027| Market is driven by the Increasing demand for connected devices- Technavio

NEW YORK, Oct. 20, 2023 /PRNewswire/ — The US – Cellular M2M Connections Market size to increase by USD 5.40 billion, accelerating at a CAGR of 19.03% during the forecast period, according to Technavio’s market analysis. The growth of the US cellular M2M connections market is significantly driven by the rising demand for connected devices. This demand is primarily fueled by several factors, including the widespread adoption of IoT solutions across different industries, the implementation of Industry 4.0 practices, the development of smart homes and buildings, and the utilization of connected devices in healthcare applications. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here

One of the primary obstacles impeding the growth of the US cellular M2M connections market is the issue of inadequate network coverage. Network coverage represents a major challenge for this market. M2M technology, which enables data transmission between devices for remote monitoring, control, and communication, heavily relies on extensive and reliable cellular access. However, numerous remote areas in the US suffer from limited or restricted cellular network coverage. This limitation significantly hampers M2M applications that necessitate connectivity in remote regions, such as the agriculture, forestry, and oil and gas industries. Consequently, these factors have a detrimental impact on the US cellular machine-to-machine (M2M) connections market. Therefore, it is anticipated that this issue will hinder the growth of the US cellular M2M connections market during the forecast period.
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The cellular M2M connections market is segmented by Service (Connectivity services, Professional services, and Managed services), End-user (Large enterprises and SMEs), Connectivity (Wireless and Wired), and Geography (North America).

The connectivity services segment is projected to experience notable expansion in the market’s share growth during the forecast period. Reliable and secure cellular connectivity plays a significant role in enabling effective M2M communication. Key factors driving the growth of this segment encompass the escalating adoption of Internet of Things (IoT) technology, a surge in the demand for connected devices, and the deployment of 5G networks.
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US – Cellular M2M Connections Market 2023 – 2027: Key Companies

Aeris Communications Inc.
Arm Ltd.
AT and T Inc.
Cisco Systems Inc.
Cubic Telecom Ltd.
Deutsche Telekom AG
Huawei Technologies Co. Ltd.
Intel Corp.
KORE Group Holdings Inc.
Orange SA
ORBCOMM Inc.
Semtech Corp.
Telefonaktiebolaget LM Ericsson
Telefonica SA
Telit
Texas Instruments Inc.
Thales Group
Verizon Communications Inc.
Vodafone Group Plc
UNICOM Global

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Cellular M2M Connections Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.03%
Market growth 2023-2027	USD 5.40 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	17.74
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aeris Communications Inc., Arm Ltd., AT and T Inc., Cisco Systems Inc., Cubic Telecom Ltd., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., KORE Group Holdings Inc., Orange SA, ORBCOMM Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Texas Instruments Inc., Thales Group, Verizon Communications Inc., Vodafone Group Plc, and UNICOM Global
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Service
Market Segmentation by End-User
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

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