M2M Market Updates

Global M2M Market size was valued at USD 23.60 Billion in 2023 poised to grow from USD 24.69 Billion in 2024 to USD 35.37 Billion by 2032, growing at a CAGR of 4.6% in the forecast period (2025-2032).

Global M2M market outlook is very competitive with prominent companies including Vodafone Group, AT&T Inc., Telefonica, China Mobile, and Sierra Wireless. Companies adopt strategies of deploying 5G and NB-IoT networks, entering into strategic partnerships, and introducing M2M platforms. For example, Vodafone strengthens its IoT presence across borders through cross-border collaborations, and Sierra Wireless makes investments in edge-to-cloud solutions to simplify device connectivity and data management. 'AT&T Inc. (USA)', 'Verizon Communications Inc. (USA)', 'Vodafone Group Plc (United Kingdom)', 'China Mobile Ltd. (China)', 'Telefonica S.A. (Spain)', 'Deutsche Telekom AG (Germany)', 'Orange S.A. (France)', 'Sierra Wireless (Canada)', 'Thales Group (France)', 'Huawei Technologies Co., Ltd. (China)', 'Cisco Systems, Inc. (USA)', 'Intel Corporation (USA)', 'Qualcomm Incorporated (USA)', 'Telit Communications (United Kingdom)', 'KORE Wireless Group Inc. (USA)'

The speed of IoT technology growth is a prime mover in the global M2M market growth. Companies in different industries are deploying IoT solutions to improve operational efficiency, data gathering, and automation. The increased adoption of IoT boosts the need for M2M devices and services, spurring market growth.

Surge in Automotive Telematics Integration: The adoption of M2M technology in automobile telematics is picking up pace, powered by increasing demand for vehicle tracking, diagnosis, and infotainment systems. This is strongly transforming fleet management and connected car ecosystems, improving road safety, efficiency, and user experience.

What Role does Real-Time Analytics in Healthcare Play in Driving M2M Adoption Across the Region?