M2M service market is anticipated to grow at a CAGR of 30.5% during the forecast period. The rising adoption of IoT along with inclination of consumers towards 5G technology is a key contributor to the growth of the M2M market. There are various benefits of 5G technology; it consists of high-reliability and low latency, which in turn, fulfil the necessary requirements of sensor-connected IoT devices. Through 5G technology, there are millions of smart devices that can interact at very fast gigabit speeds across the network within a millisecond. 5G plays the role of catalyst for the innovation and deployment of IoT across industry verticals. 5G represents a paradigm shift in the architecture of communication networks, with the introduction of a range of 5G-enabled devices such as tablets, laptops, and smartphones, expected to accelerate revenue generation through the network. Through the development of 5G technology, the large base stations are expected to be replaced by small macro cells of the network, over which mm wave frequencies will be used to transmit huge data with smaller frequency range.
Low latency, ultra-low power consumption, scalability to handle an extremely large number of devices, long-term reliability, high speed and bandwidth for certain applications such as augmented reality and autonomous cars, and small data size for certain applications are key requirements for effective M2M connection. The 5G technology compliments M2M connections; therefore, the growing adoption of 5G technology among internet users is driving the growth of the global M2M service market. The European Union’s project called Mobile and Wireless Communications Enablers for the Twenty-twenty Information Society (METIS) developed a user-centric 5G system concept to provide three generic services: extreme Mobile Broadband (xMBB), ultra-reliable Machine-Type Communication (uMTC) and massive MTC (mMTC).
To Request a Sample of our Report on Machine to Machine (M2M) Service Market: https://www.omrglobal.com/request-sample/m2m-service-market
Machine to Machine (M2M) Services Market Segmentation
By Type
- Managed Services
- Professional Services
By Industry Vertical
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Automotive
- Other
A full Report of Machine to Machine (M2M) Service Market is Available @ https://www.omrglobal.com/industry-reports/m2m-service-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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
- Telit Communications
- Thales Group (Gemalto NV)
- U-Blox Holding AG
- Verizon Communications Inc.
- Vodafone Group Plc
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/m2m-service-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
