The global cellular M2M market is anticipated to increase to USD 31.3 billion by 2031 from USD 9.2 billion in 2020, with a CAGR forecast of 16%. The cellular mobility market is likely to grow at an surprising CAGR in near future. M2M systems play an important role in supply chain processes such as inventory level and fleet control, such as event-based inventory checking. Remote car management enables businesses to improve their internal supply chain processes. If the use of M2M in the supply chain continues to grow, this demand will grow in the coming years.

Browse ThinkWise Intelligence's exclusive report, spread through 210 Pages on: GLOBAL CELLULAR M2M MARKET, BY PRODUCT TYPE (PROFESSIONAL SERVICES, CONNECTIVITY, MANAGED SERVICES) INDUSTRY VERTICAL (RETAIL, TRANSPORTATION AND LOGISTICS, SECURITY AND PUBLIC SAFETY, CONSUMER ELECTRONICS, HEALTHCARE, OTHERS) – COMPETITIVE LANDSCAPE & GROWTH POTENTIAL ANALYSIS, 2021-2031

THE CONNECTIVITY SERVICES MARKET IS THE LARGEST TYPE IN THE GLOBAL MARKET

As more businesses and consumers use advanced applications in the marketplace, the demand for networking grows. It is critical to maintain, guarantee, and rapidly modify networks in order to provide long-distance service. As a result, it has become an essential component of secure Internet of Things (IoT) projects, particularly those involving roaming networks and SIM cards. Machine-to-machine (M2M) connectivity is becoming increasingly important in developing countries as global economic development accelerates. With embedded telecom, global businesses can thrive due to data consistency and efficiency. Furthermore, wireless networks reduced manufacturers' overall operational costs, allowing them to provide networking to more customers. These systems are commonplace in most vertical markets, particularly in the insurance and auto industries, due to the growing inter-sectoration of business-to-consumer devices.

THE TRANSPORTATION AND LOGISTICS MARKET IS THE LARGEST TYPE IN THE GLOBAL MARKET

As more businesses and consumers use advanced applications in the marketplace, the demand for networking grows. It is critical to maintain, guarantee, and rapidly modify networks in order to provide long-distance service. As a result, it has become an essential component of secure Internet of Things (IoT) projects, particularly those involving roaming networks and SIM cards. Machine-to-machine (M2M) connectivity is becoming increasingly important in developing countries as global economic development accelerates. With embedded telecom, global businesses can thrive due to data consistency and efficiency. Furthermore, wireless networks reduced manufacturers' overall operational costs, allowing them to provide networking to more customers. These systems are commonplace in most vertical markets, particularly in the insurance and auto industries, due to the growing inter-sectoration of business-to-consumer devices.

NORTH AMERICA CELLULAR M2M MARKET IS ANTICIPATED TO HOLD THE LARGEST SHARE IN THE GLOBAL MARKET DURING THE FORECAST PERIOD

The market for M2M products in North America is expected to grow rapidly. Africa and other parts of the world have developing economies. In the near future, growing economies will see more opportunities for mobile-to-machine communication. Furthermore, because of increased efficiency in cellular M2M value-added value-added services, there are excellent opportunities in developing markets for cellular M2M value-added value.

AT&T Inc., Aeris Communications, China Mobile Ltd, Deutsche Telekom AG, Verizon Communication, Vodafone Group PLC, Amdocs are just a few of the market's major players.