Global Cellular M2M Module Market 2018-2022
About Cellular M2M Module
Cellular M2M modules support cellular communication between IoT devices or M2M applications. They also refer to radio chips embedded in IoT solutions that enable communication over cellular networks. Cellular M2M modules are used in various applications, including home appliances, smart utilities, and healthcare devices.
Technavio’s analysts forecast the global cellular M2M module market to grow at a CAGR of 23.28% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global cellular M2M module market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cellular M2M Module Market 2018-2022
Technavio recognizes the following companies as the key players in the global cellular M2M module market: Gemalto, Huawei Technologies, Sierra Wireless, and Telit.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth of smart cities. Governments of various countries are focusing on developing their urban infrastructure with the integration of advanced technologies. The objective is to build smart cities that provide an improved quality of life and efficient services to make the life of residents simpler and easier.”
According to the report, one driver in the market is use of M2M technology for remote patient monitoring. The healthcare sector is one of the major end-users of cellular M2M modules. The aging population, high life expectancy, and increase in the number of individuals with chronic disorders are increasing the scope of the cellular M2M module market. Cellular M2M communications enable data transmission for monitoring individuals with various conditions, including apnea, cardiac arrest, and diabetes. Cellular M2M patient monitoring devices need to be embedded with M2M modules or should be connected to an external M2M modem.
Further, the report states that one challenge in the market is growing privacy and security concerns. A major factor driving the adoption of M2M modules and M2M connected devices among individual consumers and enterprises is security concerns. The highest security standards are required for connecting physical and digital spheres to minimize the impact of cybersecurity attacks. This is a big negating factor in the marketplace as most individuals lack assurance and are not confident about integrating such technologies into their devices. In the US, hacking smart meters within an energy grid can result in major blackouts. In 2016, e-mail accounts and credentials of owners were hacked in the US. It affected more than 1,000 other devices in the US.
Gemalto, Huawei Technologies, Sierra Wireless, and Telit.
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