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Machine-to-Machine (M2M) Connections Market 2022: Industry Trends, Growth, Size, Share and Forecast 2027

The latest research study “Machine-to-Machine (M2M) Connections Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global machine-to-machine (M2M) connections market size reached US$ 19.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Machine-to-machine (M2M) connections automate the exchange of information or data between technical devices with minimal manual intervention. They operate via communication networks, data endpoint (DEP), and data integration point (DIP), which assist in scheduling transfers. M2M connections utilize various technologies, such as power lines, cellular, Wi-Fi, serial, Bluetooth, etc. They also aid organizations in monitoring, controlling, and managing remote equipment or devices, addressing maintenance issues, restoring functionality, and saving costs. As a result, M2M connections find widespread applications across several sectors, including healthcare, consumer electronics, transportation, utilities, retail, etc.

Global Machine-to-Machine (M2M) Connections Market Industry Trends and Drivers:

The escalating advancements in internet technologies and the rising utilization of connected devices in various organizations are primarily driving the machine-to-machine (M2M) connections market. Besides this, the elevating focus on energy management and preventing prolonged outages is encouraging the need for intelligent measuring equipment, such as water, gas, and electricity meters, which is further augmenting the market growth. Moreover, the growing popularity of machine-to-machine (M2M) connections in e-health solutions to enable remote patient monitoring, reduce costs, and enhance the efficiency, quality, and flexibility of medical delivery is also catalyzing the global market. Apart from this, the launch of favorable policies by the government bodies to promote smart city development is another significant growth-inducing factor. Furthermore, the increasing emphasis on online marketing platforms and the introduction of the fifth generation (5G) capillary networks, owing to the universal connectivity trends, are anticipated to propel the machine-to-machine (M2M) connections market over the forecasted period.

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Machine-to-Machine (M2M) Connections Market Report Scope

Base Year of the Analysis


Historical Period


Forecast Period



US$ Billion

Segment Coverage

Connection Type, Technology, End Use Industry, Region

Region Covered

North America, Asia Pacific, Europe, Latin America, Middle East and Africa

Countries Covered

United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico

Companies Covered

AT&T Inc., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Telefonica S.A., Texas Instruments Incorporated, U-Blox Holding AG, Verizon Communication Inc. and Vodafone Group Plc

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Connection Type:

  • Wired

  • Wireless

Breakup by Technology:

  • Serial Connection

  • Power Line Connection

  • Cellular

  • Wi-Fi

  • Bluetooth

  • Others

Breakup by End Use Industry:

  • Automotive

  • Healthcare

  • Consumer Electronics

  • Transportation

  • Utilities

  • Retail

  • Others

Breakup by Region:

  • North America: (United States, Canada)

  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)

  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)

  • Latin America: (Brazil, Mexico, Others)

  • Middle East and Africa

List of Major Major Key Players:

AT&T Inc., Cisco Systems Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Telefonica S.A., Texas Instruments Incorporated, U-Blox Holding AG, Verizon Communication Inc. and Vodafone Group Plc.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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  • Zaya Roy
  • Jul 27 2022
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