Cellular M2M Value-Added Services (VAS) Market size is to grow USD 50.39 billion from 2022 to 2027, Driven by Growing demand for enhanced M2M data communication - Technavio
NEW YORK, Oct. 3, 2023 /PRNewswire/ -- The "cellular M2M value-added services (VAS) market size by end-user (consumer electronics, automotive, healthcare, transportation and logistics, and others), service (managed services and professional services), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cellular M2M value-added services (VAS) market from 2022 to 2027 is USD 50.39 billion, according to Technavio. The growing demand for enhanced M2M data communication is a key factor driving market growth. Businesses are growing more and more willing to recognize the value of data as a decision-making factor. A significantly increased M2M data communication provides several benefits, including the collection, transmission, and analysis of large amounts of information from connected devices. This data can provide useful information on different aspects of operations, with a view to helping businesses optimize processes, reduce interruptions, and make strategic decisions. Furthermore, in maintenance applications, faster transmission of diagnostic data is facilitated by improved M2M communication. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The high upfront cost of cellular M2M devices and services is a significant challenge restricting market growth. To install cellular M2M devices and services, there will be a significant investment in the beginning. The costs for the purchase of M2M equipment, sensors, communication modules, and integrating software and value-added services fall within this category. However, other communications technologies and solutions, such as low power wide area networks (LPWAN) or non-cellular M2M options, can offer lower upfront costs, encouraging businesses to look for effective connectivity solutions, thereby providing them with an attractive alternative. Hence, these factors are expected to restrict market growth during the forecast period.
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The cellular m2m value-added services (VAS) market has been segmented by end-user (consumer electronics, automotive, healthcare, transportation and logistics, and others), service (managed services and professional services), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the cellular M2M value-added services (VAS) market:
Aeris Communications Inc., Amdocs Ltd., AT and T Inc., China Mobile Ltd., Choice IoT Inc., Deutsche Telekom AG, Digi International Inc., eDevice S.A., KDDI Corp., Nippon Telegraph And Telephone Corp., Orange SA, Rogers Communications Inc., Semtech Corp., Telefonica SA, Telenor Group, Telit IoT Platforms LLC, Thales Group, United States Cellular, Verizon Communications Inc., and Vodafone Group Plc
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Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-User
Market Segmentation by Service
Market Segmentation by Geography
Drivers, Challenges, & Trends
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