The global M2M Service market is anticipated to grow at a CAGR of 30.5% during the forecast period. 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.
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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.
Global M2M Service Market Report Segment
By Type
- Professional
- Managed
By End-User Vertical
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Automotive
- Other
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Machine to Machine (M2M) Service Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Amdocs Inc
- AT & T Inc.
- Comarch Inc
- Cstar Technologies Inc
- Deutsche Telekom A G
- EE Ltd.
- Gemalto N.V.
- Huawei Technologies Co. Ltd
- Nokia Corp (Alcatel-Lucent S.A.)
- NTT Data
- Rogers Communications Inc.
- Telenor Group
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