Market Share of Massive Machine Type Communication Industry
The Massive Machine Type Communication Market is semi-consolidated, with the presence of major players like Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Cisco Systems, Inc., and Panasonic Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- March 2023 - Fibocom Wireless Inc., one of the leading global providers of IoT (Internet of Things) wireless solutions and wireless communication modules, announced its cooperation with Sony Semiconductor Israel (Sony), one of the leading providers of Cellular IoT chipsets, in launching the 5G LPWA module MS18 series, the Fibocom MS18 module series is designed to provide ultra-low power consumption and reliable wireless connectivity for the 5G massive IoT market.
- August 2023 - Nokia partnered with Japanese operator NTT to deploy private wireless network services to more than 3.2 million enterprises across Thailand to boost the adoption of Industry 4.0 technologies. The vendor stated that a suite of “as-a-service digital technologies” will enable Thai businesses to access use cases, including digital twins, video analytics, and machine vision.
Massive Machine Type Communication (MMTC) Market Leaders
Huawei Technologies Co., Ltd.
Telefonaktiebolaget LM Ericsson
Nokia Corporation
Cisco Systems, Inc.
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
