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
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 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.
- A significantly increased M2M data communication provides several benefits, including the collection, transmission, and analysis of large amounts of information from connected devices.
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The high upfront cost of cellular M2M devices and services is a significant challenge restricting market growth.