Cellular M2M Value-Added Services (VAS) Market Size, Share, Growth, and Industry Analysis, By Type (2G, 3G, 4G, Others), By Application (Automotive, Transportation and Logistics, Healthcare, Energy and Utilities, Retail, Consumer Electronics), Regional Insights, and Forecast From 2024 To 2031

Updated On: 22 April 2024

Cellular M2M Value-Added Services (VAS) Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global cellular M2M value-added services (VAS) market size was 4215.3 million in 2022 and is expected to reach USD 79555.51 million by 2031, exhibiting a CAGR of 38.6% during the forecast period.

Cellular M2M value-added services (VAS) connect machines and gadgets to the Internet via wireless communication technology. With the use of these services, a variety of sectors, including medical care, automotive, retail, transportation, and consumer electronics, are able to remotely manage and monitor their assets.

Due to rising smartphone demand and new legislation pertaining to auto safety features, integrated telematics usage is rising year over year (YoY) globally. In the age of developing technology, the simple delivery of a vehicle's safety features does not constitute a competitive advantage. To meet the rising client needs, premium telematics solutions, such as routing, infotainment, and communication between vehicles, are needed. The necessity for seamless connectivity by passengers in automobiles and the requirement for auto makers to wirelessly link to digital vehicle amenities will be the two forces driving the telematics sector of the future. Heavy equipment producers, fleet owners, and providers of cellular-based M2M VAS applications have benefited from this.

COVID-19 Impact: Financial Crises to Deplete Market Advancement

The COVID-19 pandemic has been unprecedented and staggering, cellular M2M value-added services (VAS) experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The swift propagation of the COVID-19 pandemic caused a global financial crisis as well as a health crisis. Organizations are making fewer investments in the creation for M2M value-added services (VAS) as a result of the significant economic losses experienced by the majority of sectors. To eliminate human interaction, important verticals including healthcare and utilities are likely to continue to seek cellular M2M value-added services (VAS) as a result of technology improvements and digitization around the globe. In order to regain efficiency in operations and boost productivity, businesses are also increasingly implementing mobile and cloud technologies, as well as big data and analytics powers combined with cellular M2M value-added services (VAS) market share.

LATEST TRENDS

"Healthcare Industry to Stimulate Market Development  "

Cellular M2M value-added services (VAS) market growth is being driven by the healthcare industry. These services are used in healthcare to improve care quality, lower operational costs, and provide real-time patient monitoring. For instance, nurses might spend less time on chores like checking stock levels and ordering supplies by utilizing an automated drug dispensing system coupled with a hospital's EHR (electronic health record). They now have more time to devote to directly caring for patients. Additionally, using these services helps lower errors brought on by manual processes, enhancing patient safety.

Cellular M2M Value-Added Services (VAS) Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type; the market is divided into 2G, 3G, 4G, others

2G is the leading part of the type segment.

• By Application

Based on the application; the market is divided into automotive, transportation and logistics, healthcare, energy and utilities, retail, consumer electronics

Automotive is the leading part of the application segment.

DRIVING FACTORS

"Logistics Segment to Aid Market Expansion "

With the introduction of cellular M2M value-added services (VAS) market on a global scale, the transportation and logistics industry has undergone a considerable transformation.  Rapid digitalization has led to the emergence of numerous important parties throughout the value chain who can communicate with one another via m2m technology to increase productivity.  The chain of supply and distribution systems are being improved with the aid of cellular M2M technologies, and businesses are putting these innovations into practice by deploying customizable solutions.

Cellular M2M value-added services (VAS) carriers assist big businesses with network infrastructure optimization, the deployment of cutting-edge applications that minimize operating costs, increase operational efficiencies, debugging IoT device difficulties, and the detection and mitigation of security assaults.  They continually prioritize implementing helpful industry solutions and enhancing operational effectiveness.

"Automobile Industries to Foster Industry Progress"

One of the key markets for M2M value-added services (VAS) is the automobile industry. To improve security and safety functions in cars, the automotive industry innovates frequently. The need for dependable and secure data transfers between the numerous electronic engine controls units (ECUs) installed inside a vehicle has expanded as a result of this complexity. Automobile manufacturers are looking to cellular M2M value-added services to provide car solutions to satisfy this need. Cellular MNOs are in a position to provide reliable and scalable connection solutions that can manage substantial amounts of data produced by connected cars.

RESTRAINING FACTORS

"Privacy Risks to Hinder Market Advancement "

The volume of data gathered through M2M value-added services (VAS) creates new security and privacy risks. The number of sites where personal data is stored is growing as a result of data sharing through cloud services. The majority of M2M value-added services (VAS) applications offer mapping, monitoring, and storing of private information about people, asset and automobile information, and remote access to various IT systems. These applications are concerned about disclosing this crucial information to outside parties for promotional uses or to government officials.

Cellular M2M Value-Added Services (VAS) Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Adoption of Recent Technological Developments in North America to Support Market Advancement"

The adoption of the most recent technological developments, such as the integration of cloud and mobile devices into M2M value-added services (VAS), has been quite quick in North America. This has resulted in the streamlining of company operations and the best possible use of corporate resources.   The area is leading in the adoption of M2M value-added services (VAS) applications, which provide secure digital document sharing and collaboration between workers or locations spread across a wide geographic area.  There are many technological pioneers in North America.  The majority of the major cellular M2M value-added services (VAS) market participants, including Verizon, AT&T, and and T-Mobile, have their corporate offices in this area.  These companies have a big customer base and offer efficient cellular M2M value-added services (VAS) globally.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• AT&T (U.S.)
• Sprint (U.S.)
• Verizon (U.S.)
• Vodafone (U.K.)
• Amdocs (U.S.)
• China Mobile (China)
• China Telecom (China)
• Digi International (U.S.)
• Gemalto (Netherlands)
• KDDI (Japan)
• Sierra Wireless (U.S.)
• Orange Business Services (U.S.)
• Rogers Communications (U.S.)
• Tech Mahindra (India)
• Telefónica (Spain)
• Telenor (Norway)
• Telit (U.S.)
• T-MOBILE USA (U.S.)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.