NEW YORK, Oct. 20, 2023 /PRNewswire/ -- The US - Cellular M2M Connections Market size to increase by USD 5.40 billion, accelerating at a CAGR of 19.03% during the forecast period, according to Technavio's market analysis. The growth of the US cellular M2M connections market is significantly driven by the rising demand for connected devices. This demand is primarily fueled by several factors, including the widespread adoption of IoT solutions across different industries, the implementation of Industry 4.0 practices, the development of smart homes and buildings, and the utilization of connected devices in healthcare applications. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here
The cellular M2M connections market is segmented by Service (Connectivity services, Professional services, and Managed services), End-user (Large enterprises and SMEs), Connectivity (Wireless and Wired), and Geography (North America).
US - Cellular M2M Connections Market 2023 - 2027: Key Companies
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Cellular M2M Connections Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 19.03% |
Market growth 2023-2027 | USD 5.40 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 17.74 |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | Aeris Communications Inc., Arm Ltd., AT and T Inc., Cisco Systems Inc., Cubic Telecom Ltd., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., KORE Group Holdings Inc., Orange SA, ORBCOMM Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Texas Instruments Inc., Thales Group, Verizon Communications Inc., Vodafone Group Plc, and UNICOM Global |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 consists of enterprises of all sizes, including more than 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.
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SOURCE Technavio
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