Cellular M2M is a method of communication that doesn’t require a third element in the form of human workforce or automated mechanics to function effectively. It works via the cloud services to help in efficient data flow from one source to the other. It allows businesses to take charge of their facilities while also keeping an eye on the functioning of their other activities. This form of correspondence is fast paced along with being economical and assists in providing solutions to domains such as healthcare, manufacturing, and more.
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Effect of COVID-19 on the Industry
The pandemic in its peak along with the global lockdown brought a majority of the industries to a halt, hence slowing down the growth of the cellular M2M market. Many industries faced financial difficulties and many others had to completely shut down their businesses. The Cellular M2M market though initially faced a few issues and was able to pick up pace due to the need for digital communication. Many industries required services that would provide better ways to exchange crucial information. With research taking place round the clock, it became extremely crucial for the communication sector to be at its best functioning. Moreover, healthcare and energy & utilities were primarily involved to ensure the safe running of all other businesses.
Key Developments
The various Cellular M2M companies and their constant trials towards making communication more accessible have led to further growth of the global market.
For instance, in February 2019, AT&T, the world renowned network provider and telecommunications brand, stated that they will be collaborating with a start-up called Blues Wireless, an IoT brand, run by the former CTO of Microsoft, Ray Ozzie. The two aim to come with a new form of technology known as ‘Notecard,’ which aims to be a System-on-Module. It is also predicted to provide prepaid network connectivity along with a secure communication system.
In October 2019, Soracom, Inc an organization known to be a provider of smart connectivity and IoT facilities entered a partnership with Teltonika, a manufacture of equipment related to IoT and network devices. This move is expected to boost reach into the North American Region.
In January 2020, Sierra Wireless, a pioneer in IoT solution providers, acquired M2M Group of Companies, an established Australian brand that provides IoT connectivity services. This collaboration will allow Sierra Wireless to expand its reach into the Asia-Pacific Region as well.
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Forecast Analysis
The global cellular M2M market has been seeing rapid growth due to various technological initiatives such as investments in both 4G and 5G internet connectivity. With the world majorly working online during the Covid-19 pandemic and with the use of complex technology, stable and high-speed network is in high demand. It’s also interesting to note that the governments all over the world have been implementing various initiatives for the growth of the industry. In the month of April 2018, the Department of Telecom (DOT) declared the implementation of a 13 digit number to telecom operators. The reason behind this was to allow better car tracking technology as well as electric meters among others. These efforts are creating opportunities for the market to see a steady growth.
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The latest report published by Research Dive predicted that the global cellular M2M market is set to gain in revenue of up to 45,398.9 million by 2027. The Asia-Pacific region is also expected to witness significant growth in the market. Additionally, many expert organizations in the market such as AT&T, Verizon Communications Inc, Cubic Telecom Ltd, ORBCOMM, KPN, Infineon Technologies AG, Telefónica S.A, T-Mobile USA, Inc, 1oTOÜ, and TelefonaktiebolagetLM Ericsson have been entering partnerships and creating advanced equipments to ensure seamless connectivity globally.
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