Global M2M Services Market to Reach $49.9 Billion by 2026

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "M2M Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 23872
Companies: 43 - Players covered include Aeris Communications, Inc.; AMDOCS Ltd.; Applied Satellite Technology Systems Ltd.; AT&T, Inc.; China Mobile Ltd.; Comarch SA; Digi International, Inc.; EE Limited; Ericsson AB; Gemalto NV; Huawei Technologies Co., Ltd.; KORE Wireless Group, Inc.; Novatel Wireless, Inc.; Nupoint Systems Inc.; Oracle Corporation; Orange Business Services; PTC, Inc.; Quake Global, Inc.; Rogers Communications, Inc.; Sierra Wireless, Inc.; Sprint Corporation; Tech Mahindra Ltd.; Telefonica SA; Telia Company AB; Telit Communications PLC; u-blox AG; Verizon Wireless; Wipro Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Retail, Manufacturing, Healthcare, Automotive, Consumer Electronics, Energy and Mining, Transportation and Logistics, Oil and Gas)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global M2M Services Market to Reach $49.9 Billion by 2026
Amid the COVID-19 crisis, the global market for M2M Services estimated at US$13.4 Billion in the year 2020, is projected to reach a revised size of US$49.9 Billion by 2026, growing at a CAGR of 24.2% over the analysis period. Retail, one of the segments analyzed in the report, is projected to record a 30.6% CAGR and reach US$5.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Manufacturing segment is readjusted to a revised 31.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.2 Billion in 2021, While China is Forecast to Reach $8.7 Billion by 2026
The M2M Services market in the U.S. is estimated at US$5.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.7 Billion by the year 2026 trailing a CAGR of 23.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.5% and 20.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17% CAGR.

Healthcare Segment to Reach US$4.2 Billion by the year 2026
In the global Healthcare segment, USA, Canada, Japan, China and Europe will drive the 22.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$4.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.