Global Trends and Forecasts in the M2M/IoT Communications Market 2023: Unraveling the Power of Low Power Wireless Networking – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global M2M/IoT Communications Market – 8th Edition” report has been added to ResearchAndMarkets.com’s offering.
The Global M2M/IoT Communications Market is on an upward trajectory, witnessing a remarkable 27 percent increase in cellular IoT subscribers in 2022, reaching 2.7 billion by year-end, constituting approximately 24 percent of all mobile subscribers. The report projects an even more promising future, forecasting a compound annual growth rate (CAGR) of 15.4 percent until 2027, propelling the number of cellular IoT subscribers to a staggering 5.4 billion. During the same period, cellular IoT connectivity revenues are predicted to experience a CAGR of 14.6 percent, surging from €10.8 billion in 2022 to an estimated €21.4 billion in 2027, with a projected monthly ARPU drop to €0.35.
China: Pioneering the Global IoT Market:
The report underscores China’s leading position in the cellular IoT connectivity services market, boasting an installed base of 1.8 billion IoT connections at the end of 2022, accounting for an impressive 70 percent of the global market. The Chinese government’s proactive approach in endorsing large-scale IoT deployments to address societal challenges such as crime, fire safety, energy conservation, and traffic management is credited as a primary catalyst for China’s IoT dominance. In contrast, North America and Western Europe are witnessing growth primarily fueled by commercial interests, with connected cars emerging as a key trend.
Top Mobile Operators and IoT Managed Service Providers:
The report delves into the strategies of major mobile operators globally, featuring prominent players such as China Mobile, China Telecom, China Unicom, Vodafone, AT&T, Verizon, among others. It also analyzes the significant role of IoT managed service providers, including 1NCE, Airnity, EMnify, Eseye, Plintron, Quectel, and others, in connecting over 150 million cellular devices.
Technology Trends and IoT Networking Platforms:
Providing a comprehensive overview of the cellular IoT communications ecosystem, the report presents insights into technology trends, LPWA and satellite technologies, IoT networking platforms, and more. The report evaluates the potential impact of 5G and low power wireless networking technologies on the IoT market.
Market Forecasts and Geographic Trends:
Offering detailed market forecasts and trends, the report provides a holistic view of the global M2M/IoT communications market. It covers industry trends, geographic markets, vertical markets (e.g., connected cars, smart metering, fleet management), and technology trends (e.g., cellular technologies, NB-IoT, RedCap, private cellular, eSIM adoption).
Highlights from the report:
- 360-degree overview of the cellular IoT communications ecosystem.
- Update on the adoption of 5G and LPWA standards for IoT networking.
- Reviews of the IoT strategies of the leading mobile operators.
- Summary of industry trends in all world regions.
- IoT business KPIs for leading global mobile operators.
- Statistical data on cellular IoT subscribers in all world regions.
- Extensive global and regional market forecasts lasting until 2027.
A selection of companies mentioned in this report includes
- 1NCE
- 1oT
- Aeris
- Airnity
- America Movil
- A1 Telekom Austria
- Altice Group
- AT&T
- Astrocast
- Bell
- BICS
- Blues Wireless
- Bouygues Telecom
- BT Group
- Caburn Group (CSL Group)
- CASC and CASIC
- China Mobile
- China Telecom
- China Unicom
- CK Hutchison Group Telecom
- Commsat
- Com4 (Wireless Logic)
- Cubic Telecom
- CSL Group
- Deutsche Telekom
- e&
- EMnify
- Eseye
- Eutelsat
- floLIVE
- Fleet Space Technologies
- Flickswitch
- Freeeway
- Galaxy Space
- Globalstar
- Head Aerospac
- Hologram
- iBASIS
- Innova Space
- Inmarsat
- Inmarsat
- Iridium
- iBASIS
- KDDI
- Kepler Communications
- Kineis
- KPN
- KORE Wireless
- KT
- Lacuna Space
- Ligado Networks
- Manx Telecom
- MegaFon
- MTN
- MTS
- Myriota
- NTT Docomo
- Ooredoo
- Onomondo
- Orange
- Orbcomm
- Pelion
- Plintron
- Pod Group (Giesecke+Devrient)
- POST Luxembourg
- Proximus
- Quectel
- Rogers Communications
- Sierra Wireless (Semtech)
- Singtel
- SK Telecom
- SoftBank
- Soracom
- Swarm Technologies
- T-Mobile USA
- Tata Communications
- Telia Company
- Telit Cinterion
- Telecom Italia
- Telefonica
- Telefonica Hispam
- Tele2
- Telenor
- Telstra
- TELUS
- Thuraya
- Transatel
- Truphone
- Turkcell
- Verizon
- Vodacom
- Vodafone
- Vivo
- Wireless Logic
- Zain
For more information about this report visit https://www.researchandmarkets.com/r/d1xobl
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