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

Market Challenge 

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.

Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now

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). 

• The market share growth by the consumer electronics segment will be significant during the forecast period. M2M technology is being adopted due to the increased integration of consumer electronics into the Internet of Things ecosystem. Consumers are looking for a connected device that offers convenience, automation, and real-time data sharing. Furthermore, the growing trend of smart homes where every household appliance and equipment is connected to a mobile phone or voice assistant allowing it to be remotely controlled has fueled demand for M2M-enabled consumer electronic devices. M2M connectivity improves user experience by enabling remote control, personalization, and device automation. Hence, these factors are expected to drive segment growth during the forecast period. 

• Europe is estimated to contribute 34% to the growth of the global market during the forecast period. 

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

Related Reports:

The virtual customer premises equipment (vCPE) market size is estimated to grow at a CAGR of 40.77% between 2022 and 2027. The market size is forecast to increase by USD 13,106.69 million.

The SATCOM on the move market size is estimated to grow at a CAGR of 18.25% between 2022 and 2027. The market size is forecast to increase by USD 23,221.27 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-User

Market Segmentation by Service

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio