Market Research Future published a research report on “Global Machine-to-Machine (M2M) Connections Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Machine-to-Machine (M2M) Connections Market are transforming industries and creating tremendous opportunities for M2M module vendors around the world. Along with the M2M, IoT is making huge growth in the M2M market, globally. However, the Internet of Things will consist primarily of machines talking to one another, with computer-connected humans observing, analyzing and acting upon the resulting the big data explosion, will shaping up the growth of machine to machine connections.
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The study indicates that the short range technology is dominating M2M connections. In 2017, it has been observed that about 73% of M2M devices is connected by short-range technologies, mostly WiFi. The wireless wide area network connections will grow from 750 million at the end of 2017 to 2.6 billion in 2023. The most important WWAN sector is automotive including pay-as-you-drive insurance, eCall and security and tracking. At the end of 2017, the M2M accounted for 15% of cellular connections and by 2023, this will reach 22%.