Cellular M2M Value-Added Services (Vas) Market Size to grow by USD 66202.4 million between 2024-2028
The Cellular M2M Value-Added Services (Vas) Market is 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). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 66202.4 million, at a CAGR of 26.06% during the forecast period. There are several companies that are contributing to the market as per this report. Growth of automotive industry by leveraging 5G technology .
By End-user, the Consumer electronics segment is projected to dominate the market size in 2024
The Cellular M2M Value-Added Services (VAS) Market refers to the provision of additional features and functionalities beyond basic voice and data services for Machine-to-Machine (M2M) communications. These services enhance business operations by offering real-time monitoring, analytics, and automation capabilities. The market's growth is driven by the increasing adoption of IoT devices and the need for efficient data management in various industries, including transportation, healthcare, and energy.
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By Service, Managed services segment is expected to hold the largest market size for the year 2024
The Cellular M2M Value-Added Services (VAS) Market refers to the provision of advanced services beyond basic voice and data communication in Machine-to-Machine (M2M) communications. These services enhance business operations by offering features such as real-time monitoring, analytics, and automation. Companies can leverage M2M VAS to optimize their processes, improve efficiency, and gain a competitive edge in their industries. The market for these services is expected to grow significantly due to the increasing adoption of IoT and M2M technologies.
Why is North America forecasted to hold the largest regional market size in 2024?
The Cellular M2M Value-Added Services (VAS) Market represents a significant growth opportunity for businesses seeking to optimize their operations and enhance customer experiences. By integrating value-added services into their M2M solutions, organizations can gain real-time insights, improve efficiency, and differentiate themselves from competitors. These services include location-based services, remote monitoring, predictive maintenance, and analytics, among others. The global market for Cellular M2M VAS is projected to reach substantial growth in the coming years, driven by the increasing adoption of IoT and M2M technologies.
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Research Analysis Overview
The Cellular M2M Value-Added Services (VAS) market is witnessing significant growth due to the increasing adoption of IoT technology, 5G networks, and next-generation connectivity technologies in various industries. Key players in this market include Amazon Web Services, Orange Business Services, AT&T, and other telecom giants. Amazon Web Services and Orange Business Services are providing cloud-based solutions for M2M connectivity and edge computing, enabling real-time data processing and analysis for industries like Consumer Electronics, Transportation and Logistics, Utilities, and Healthcare. 5G networks are expected to revolutionize the M2M market by providing faster data transfer rates, lower latency, and higher reliability. AI and wireless technologies are also being integrated into M2M solutions to provide advanced analytics and automation capabilities. M2M connections in industries like Telecom, Transportation and Logistics, and Utilities are expected to reach billions by 2025. The digitization of industries is driving the demand for M2M VAS, providing new revenue streams and improving operational efficiency. Overall, the Cellular M2M Value-Added Services market is poised for significant growth in the coming years, with the integration of advanced technologies like AI, 5G networks, and edge computing transforming the way industries operate.
Market Research Overview
The communications equipment market encompasses the manufacturing sector for enterprise networking solutions, such as LANs, WANs, routers, switchboards, and exchanges, as well as communications infrastructure or telecom equipment. According to Technavio, the market's size is determined by the revenue generated from equipment sales, broadcasting equipment, telecommunication equipment, and telecom service providers' infrastructure investments. Notably, cellular phone manufacturers are excluded from this market. Factors fueling market expansion include the growing number of data centers, with hyperscalers investing significantly in new facilities and capacity expansions. - The Cellular M2M Value-Added Services (Vas) Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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Technavio Research
Jesse Maida
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