From GlobeNewswire: 2025-02-21 09:15:00

The Machine-to-Machine (M2M) Market was valued at $23.62 billion in 2023 and is projected to reach $35.40 billion by 2032, growing at a CAGR of 4.60%. The rapid technological advancements in Asia-Pacific, adoption of 5G, AI, and IoT, rising demand for smart devices, and automation across industries are key drivers. Companies are leveraging M2M to enhance efficiency, reduce costs, and automate processes, driving market growth.

Key players in the M2M market include Verizon, AT&T, Vodaphone, Cisco, and Google, offering wireless communication services, IoT solutions, networking equipment, and more. The market scope includes technology, components, applications, and key drivers like increasing automation demand and 5G network expansion.

In the M2M market, 2G leads in revenue share, but Zigbee is the fastest-growing segment. Sensors dominate the market, while actuators are the fastest-growing component. Consumer electronics lead in applications, but IT is the fastest-growing segment, driving operational efficiency and automation. North America leads the market, while Asia-Pacific emerges as the fastest-growing region due to 5G, IoT, and smart device adoption.

North America dominated the M2M market in 2023, with the US driving industries like healthcare, automotive, and logistics towards automation and real-time monitoring. Asia-Pacific is set to be the fastest-growing region, driven by 5G, IoT, and smart devices adoption across industries like healthcare, smart cities, industry automation, and transportation. Asia-Pacific is poised to drive the global M2M market with a focus on energy efficiency and connectivity. The report covers market dynamics, trends, consumer behavior, cybersecurity, and regional analysis. SNS Insider offers in-depth research insights and customization options for clients seeking accurate market data and consumer insights for confident decision-making. Visit the link for more information.



Read more at GlobeNewswire: Machine-to-Machine (M2M) Market to Reach USD 35.40 Billion