M2M Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Machine To Machine Market is Segmented by Type (Managed Service, Professional Service), End-User (Retail, Banking & Financial Institution, Telecom and IT Industry, Healthcare, Automotive, Oil and Gas, and Transportation), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD)

M2M Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Machine-to-Machine Services Market Size

Machine To Machine (M2M) Services Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 104.75 Billion
Market Size (2030) USD 312.21 Billion
CAGR (2025 - 2030) 24.41 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Machine To Machine (M2M) Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Machine-to-Machine Services Market Analysis

The Machine To Machine Services Market size is estimated at USD 104.75 billion in 2025, and is expected to reach USD 312.21 billion by 2030, at a CAGR of 24.41% during the forecast period (2025-2030).

The world is moving toward industry 4.0, where analytics, artificial intelligence (AI), and the internet of things (IoT) are expected to drive intelligence, decision-making, and productivity. In return, this creates a huge opportunity for the machine-to-machine services market.

  • Machine-to-machine (M2M) communications, also known as a machine-type communication (MTC), typically refer to the exchange of sensed data or information and decision-making by a group of collaborating machines without human involvement. M2M technology enables a sizable number of devices to be interconnected through the internet, which has resulted in recent rapid development. It can be a favorable enabling key for many fields, particularly the internet of things (IoT) and fifth-generation (5G) networks.
  • Following this, the adoption of wired or wireless connectivity across different industries is also fueling the market. In addition, the penetration of high-speed internet connectivity and the growing adoption of new connectivity technologies, such as 4G/LTE and 5G, is further driving the growth of the M2M connections market.
  • Apart from connectivity, increasing software application integration for product enhancements and adoption of various technologies in manufacturing products for cost-effectiveness and to meet safety regulations are the factors that are expected to support the growth. The growing strategic developments, such as acquisitions and partnerships, are analyzed to boost the market growth rate during the forecast period.
  • For instance, in February 2022, Sensata Technologies announced the acquisition of Elastic M2M Inc., a privately held innovator of connected intelligence for operational assets in the heavy-duty transport, warehousing, supply chain and logistics, industrial, light-duty passenger car, and numerous other business segments. With the help of Elastic M2M's cloud platform and analytics capabilities, telematics service providers ("TSPs") and resellers can employ sensor-based operational data to inform their end users.
  • Further, in May 2022, Sensorise Digital Services, an M2M communication brand, was acquired by Rosmerta Group. By integrating the financial and technological strength of Rosmerta Group in the M2M and IoT arena, Sensorise is therefore prepared for the next expansion stage.
  • However, on the contrary, the high cost of installation of this technology and its maintenance are some of the challenges the market faces, restraining its growth.

Machine-to-Machine Services Industry Overview

The competitive landscape for the Machine to Machine (M2M) services market is highly competitive and fragmented because of the presence of many major players. The players in this market are highly innovative. Product launches, high expenses on research and development, partnerships and acquisitions, etc., are the prime growth strategies these companies adopt to sustain the intense competition. Key market players in the global market are Huawei Technologies Co. Ltd, Cisco Systems Inc., Google Inc., Intel Corporation, IBM, and other prominent players.

In Decmber 2023 : Zebra Technologies has announced the launch of Zebra mobile device and software packaged solutions designed to help Verizon Private 5G customers reap the benefits of their networks even faster. Zebra rugged enterprise tablets and mobile computers are purpose-built to simplify processes for frontline workers in transportation and logistics, retail, manufacturing, and other industries

In November 2023 : Telenor and Ericsson join forces to pioneer the usage of AI and Machine Learning Research for a Sustainable and Smarter Future, The collaboration between Telenor and Ericsson under this collobration underscores the shared commitment of both companies to harnessing the potential of AI and ML in a responsible manner to unlock the potential for the customer.

In October 2022, Bharti Airtel ("Airtel"), India's major telecommunications services provider, announced the implementation of the "Always On" IoT connectivity solution in the country. Dual profile M2M eSIM, part of Airtel's "Always On" service, enables an IOT device to maintain a mobile network connection from several Mobile Network Operators (MNOs) in the eSIM. GSMA-compliant technology from Airtel, flexible API-based eSim lifecycle management on the feature-rich Airtel IoT Hub, and full compliance with Department of Telecom (DoT) M2M requirements all contribute to the company's ability to meet future needs.

Machine-to-Machine Services Market Leaders

  1. International Business Machine Corporation

  2. Intel Corporation

  3. Ericsson

  4. Verizon Communications Inc.

  5. Nokia Corp.

  6. *Disclaimer: Major Players sorted in no particular order
Machine To Machine (M2M) Services Market Concentration
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Machine-to-Machine Services Market News

  • November 2023 : Ericsson has launched an intelligent, cloud-native transport controller that uses artificial intelligence and machine learning to analyze and automate microwave, IP and optical networks, providing communications service providers (CSPs) with an advanced solution for maximizing mobile transport network efficiency. 
  • Februray 2023 : A5G Networks, Inc. has, announced its partnership with Intel® Smart Edge, a Kubernetes-based edge computing platform for deploying edge networks and delivering multi-access edge computing (MEC) for applications, containers, and virtual machines. It's wrapped in a user-friendly platform designed to give nontechnical users the keys to their edge computing platform.
  • June 2022: STMicroelectronics launched the ST4SIM-201 embedded SIM (eSIM) for machine-to-machine (M2M) communication, which complies with the most recent 5G network access standards, M2M security, and flexible remote provisioning and management. The ST4SIM-201 is compatible with ETSI/3GPP release 16 and can connect to 5G standalone (SA) networks. Additionally, it can connect to networks powered by 3G, 4G, and low-power wide-area (LPWA) technologies like LTE-M and narrowband Internet of Things.
  • June 2022: M2M Germany announces a collaboration with Wattsense, a French technology company that has successfully built connectivity solutions and IT infrastructures for building management. M2M has developed into a full-service provider for digitizing buildings due to the rise in IoT sensor networks, including LoRaWAN, and the exponential growth of machine-to-machine (M2M) communication and smart networking. The Wattsense system is simple to integrate, connect to the Cloud, and run using a software-as-a-service (SaaS) business model. It supports 11 major field communication protocols.

Machine-to-Machine Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Force Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Assessment of Impact of COVID-19 on the market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rapid Technological Advancements
    • 5.1.2 Increasing Number of Connected Devices
  • 5.2 Market Restraints
    • 5.2.1 Lack of Standardization
    • 5.2.2 Huge Delivery Cost

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Managed Service
    • 6.1.2 Professional Service
  • 6.2 By End User
    • 6.2.1 Retail
    • 6.2.2 Banking and Financial Institution
    • 6.2.3 Telecom and IT Industry
    • 6.2.4 Healthcare
    • 6.2.5 Automotive
    • 6.2.6 Oil and Gas
    • 6.2.7 Transportation
  • 6.3 By Geography
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia-Pacific
    • 6.3.4 Latin America
    • 6.3.5 Middle East & Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 International Business Machine Corporation
    • 7.1.2 Rogers Communications Inc.
    • 7.1.3 Cstar Technologies Inc
    • 7.1.4 Nokia Corp (Alcatel-Lucent S.A.)
    • 7.1.5 Comarch Inc
    • 7.1.6 Cisco System Inc
    • 7.1.7 Huawei Technologies Co. Ltd
    • 7.1.8 Intel Corporation
    • 7.1.9 Thales Group (Gemalto NV)
    • 7.1.10 Amdocs Inc
    • 7.1.11 EE Ltd
    • 7.1.12 Verizon Communications Inc
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Machine-to-Machine Services Industry Segmentation

Machine to Machine (M2M) services refer to a broad term used to define any technology that allows network devices to exchange information and perform an action without any physical assistance of human beings. M2M services are used across different industries, such as retail, banking, financial institutions, telecom and IT industry, healthcare, automotive, oil and gas, and transportation, to enhance the establishments' safety, productivity, and efficiency. Remote monitoring, warehouse management, supply chain management, remote control, robotics, traffic control, security, logistics and fleet management, and autonomous automotive are some of the trending applications of M2M.

The machine to machine (M2M) services market is segmented by type (managed service, professional service), end user (retail, banking & financial institution, telecom and IT industry, healthcare, automotive, oil and gas, and transportation), and geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type Managed Service
Professional Service
By End User Retail
Banking and Financial Institution
Telecom and IT Industry
Healthcare
Automotive
Oil and Gas
Transportation
By Geography North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Machine-to-Machine Services Market Research FAQs

How big is the Machine To Machine Services Market?

The Machine To Machine Services Market size is expected to reach USD 104.75 billion in 2025 and grow at a CAGR of 24.41% to reach USD 312.21 billion by 2030.

What is the current Machine To Machine Services Market size?

In 2025, the Machine To Machine Services Market size is expected to reach USD 104.75 billion.

Who are the key players in Machine To Machine Services Market?

International Business Machine Corporation, Intel Corporation, Ericsson, Verizon Communications Inc. and Nokia Corp. are the major companies operating in the Machine To Machine Services Market.

Which is the fastest growing region in Machine To Machine Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Machine To Machine Services Market?

In 2025, the North America accounts for the largest market share in Machine To Machine Services Market.

What years does this Machine To Machine Services Market cover, and what was the market size in 2024?

In 2024, the Machine To Machine Services Market size was estimated at USD 79.18 billion. The report covers the Machine To Machine Services Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Machine To Machine Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Machine-to-Machine Services Industry Report

Statistics for the 2025 Machine To Machine (M2M) Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Machine To Machine (M2M) Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.