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31% CAGR Growth in Global Machine To Machine (M2M) Services Market During 2020-2024 | Research Includes Post Covid Analysis and Forecasts for New Normal | TechnavioThe machine to machine (M2M) services market is expected to grow by USD 131.33 billion, progressing at a CAGR of almost 31% during the forecast period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005949/en/ Technavio has announced its latest market research report titled Global Machine to Machine (M2M) Services Market 2020-2024 (Graphic: Business Wire) Click & Get Free Sample Report in Minutes The rising demand for improved M2M data communication is one of the major factors propelling market growth. However, factors such as standardization and policy-related issues will hamper growth. More details: https://www.technavio.com/report/machine-to-machine-services-market-industry-analysis Machine To Machine (M2M) Services Market: Technology Landscape Based on technology, the market saw maximum growth in the cellular segment in 2019. Factors such as increased demand for enhanced M2M data communication, adoption of satellite communication for disaster management, and advancement in M2M satellite technology are driving the growth of the segment. The growth of the market in this segment will be significant over the forecast period. Machine To Machine (M2M) Services Market: Geographic Landscape By geography, Europe is going to witness lucrative growth during the forecast period. About 34% of the market's overall growth is expected to originate from Europe. The increased demand for commercial and passenger vehicles led by rapid urbanization is driving the growth of the market in Europe. Germany and France are the key markets for machine to machine (M2M) services in Europe. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Information Technology Include: Global Cellular M2M Value-Added Services (VAS) Market - Global cellular M2M value-added services (VAS) market is segmented by end-user (consumer electronics, automotive, transportation and logistics, healthcare, and others), service (managed services and professional services), and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report Global Telecom Application Programming Interface Market - Global telecom application programming interface market is segmented by service (SMR, payment, maps and location, VS, and identity management) and geography (APAC, Europe, North America, MEA, and South America). Click Here to Get an Exclusive Free Sample Report Companies Covered:
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