The Machine-To-Machine (M2M) Connections Market is expected to reach to USD 26.52 billion by 2026


 Machine-to-machine, or M2M is a broad term that refers to any technology that allows networked devices to exchange information and perform actions without the need for human intervention. Wireless technology has the largest share of the machine-to-machine (M2M) connections market in terms of number of connections in the connectivity technology segment. Furthermore, the wireless technology market is expected to grow at the fastest rate in the M2M connections market in forecast period. The increasing use of short-range wireless connectivity technologies such as Wi-Fi, Bluetooth, and ZigBee for a variety of applications such as in-car infotainment systems, patient monitoring devices, wireless beacons and smart appliances are propelling the wireless technology market forward.

Furthermore, the significant penetration of cellular services globally, as well as the increasing adoption of 4G/LTE cellular technology, is driving the growth of wireless connectivity technology in the machine-to-machine (M2M) connections market

From 2013 to 2021, the number of M2M (machine-to-machine) connections globally was broken down by technology. The number of GSM M2M connections surpassed 160 million in 2016.

From 2017 to 2025, the Machine-To-Machine (M2M )connections market for wireless connectivity technology is expected to hold the largest market share. The ubiquitous presence of wireless connectivity-enabled products such as wireless beacons, mobile point of sale (MPS) devices, and patient health monitoring devices is the primary factor driving the growth of the machine learning market. Along with this, falling wireless connectivity chipset prices and rising demand from applications such as in-car infotainment, connected factories, and smart homes are driving demand for wireless connectivity technology in the M2M connections market.

The M2M The connections market was valued at USD 19.18 billion in 2020 and is predicted to grow at a CAGR of 5.55 percent to USD 26.52 billion by 2026. (2021 - 2026).

5G is expected to usher in a large IoT ecosystem, with networks capable of supporting billions of linked devices. According to Ericsson's June 2019 Mobility Report, more than 10 million 5G subscriptions are expected globally by the end of 2019. This indicates that the market will continue to expand over the projection period.

According to Cisco's latest Mobile Visual Networking Index (VNI) Forecast (2017 – 2022), mobile traffic will account for approximately 20% of worldwide IP traffic by 2022, totaling 930 exabytes per year. This in and of itself indicates that M2M connections are projected to grow at a faster rate over the projection period.

In addition, the growing number of companies focusing on boosting their market share is assisting in the growth of cellular connections. In August 2019, for example, a space firm announced plans to launch tens of thousands of satellite ‘cell towers' that connect to the ordinary phone. Over the projected period, such incidents are expected to enhance the use of M2M connections.

Through research and development, strategic alliances, and mergers and acquisitions, some of the region's most notable firms have been able to advance the technology, which is projected to promote the adoption of M2M Connections in the region over the forecast period.

For example, Intel and the City of San Jose, CA partnered on a public-private partnership effort to further the city's Green Vision agenda. The initiative intends to create a network of Air Quality, Sound, and MicroClimate Sensors, and Intel and San Jose is developing an IoT-based “sustainability lens” for the city.

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