The Latin America, Middle East and Africa Cellular M2M Market is expected to witness market growth of 27.0% CAGR during the forecast period (2022-2028).
Increasing employment of internet of things technology integrated wireless communication systems across multiple industries is expected to substantially drive the growth of the cellular machine to machine market throughout the forecast period. The combination of IoT technology and cellular M2M offers a number of advantages, including the ability to monitor and manage production, customer pools, and supply chains. It also aids in the monitoring of industrial premises and continual task evaluation.
IoT integration in the cellular machine to machine applications allows communication between machines, hardware to machines, and data interchange across systems. This connectivity generates a large volume of data, which can be used by a variety of service management apps to boost overall corporate efficiency. This data silo is also utilized by big data analytics, which aids in the development of smart applications, monetized data, novel pricing models, optimized service models, regulated application flow, as well as high intelligence system throughput.
Due to increased awareness and implementation of big data technology, e-commerce, and the Internet of Things (IoT) across several industrial sectors, LAMEA is predicted to grow significantly. There is a rapid expansion in the consumer base of the mobile subscribers across the region. The industry is expected to develop due to fierce competition among service providers and, as a result, the demand for lower-cost mobile services is expected to bolster in the coming years.
Moreover, Thuraya Telecommunications Company, a regional mobile-satellite service provider based in the United Arab Emirates, announced the debut of the versatile T2M-DUAL IoT/M2M solution with highly improved capabilities in November 2019. By permitting simultaneous data gathering from mobile and fixed assets, this technology contributes significantly to financial and operational savings. In the future, such substantial breakthroughs may provide significant prospects to the cellular M2M sector.
The Brazil market dominated the LAMEA Cellular M2M Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $648.6 million by 2028. The Argentina market is estimated to grow at a CAGR of 27.7% during (2022-2028). Additionally, The UAE market is expected to experience a CAGR of 26.7% during (2022-2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Services Type, the market is segmented into Connectivity Services, Professional Services, and Managed Services. Based on Application, the market is segmented into Asset Tracking & Monitoring, Predictive Maintenance, Telemedicine, Warehouse Management, Industrial Automation, Fleet Management, Smart Meter, and Others. Based on End User, the market is segmented into Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include AT&T, Inc., Verizon Communications, Inc., Vodafone Group Plc, Orange S.A., Telefonica S.A., Deutsche Telekom AG, Ericsson AB, Giesecke & Devrient GmbH, Thales Group S.A., and Infineon Technologies AG.
By Organization Size
By Country
Increasing employment of internet of things technology integrated wireless communication systems across multiple industries is expected to substantially drive the growth of the cellular machine to machine market throughout the forecast period. The combination of IoT technology and cellular M2M offers a number of advantages, including the ability to monitor and manage production, customer pools, and supply chains. It also aids in the monitoring of industrial premises and continual task evaluation.
IoT integration in the cellular machine to machine applications allows communication between machines, hardware to machines, and data interchange across systems. This connectivity generates a large volume of data, which can be used by a variety of service management apps to boost overall corporate efficiency. This data silo is also utilized by big data analytics, which aids in the development of smart applications, monetized data, novel pricing models, optimized service models, regulated application flow, as well as high intelligence system throughput.
Due to increased awareness and implementation of big data technology, e-commerce, and the Internet of Things (IoT) across several industrial sectors, LAMEA is predicted to grow significantly. There is a rapid expansion in the consumer base of the mobile subscribers across the region. The industry is expected to develop due to fierce competition among service providers and, as a result, the demand for lower-cost mobile services is expected to bolster in the coming years.
Moreover, Thuraya Telecommunications Company, a regional mobile-satellite service provider based in the United Arab Emirates, announced the debut of the versatile T2M-DUAL IoT/M2M solution with highly improved capabilities in November 2019. By permitting simultaneous data gathering from mobile and fixed assets, this technology contributes significantly to financial and operational savings. In the future, such substantial breakthroughs may provide significant prospects to the cellular M2M sector.
The Brazil market dominated the LAMEA Cellular M2M Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $648.6 million by 2028. The Argentina market is estimated to grow at a CAGR of 27.7% during (2022-2028). Additionally, The UAE market is expected to experience a CAGR of 26.7% during (2022-2028).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Services Type, the market is segmented into Connectivity Services, Professional Services, and Managed Services. Based on Application, the market is segmented into Asset Tracking & Monitoring, Predictive Maintenance, Telemedicine, Warehouse Management, Industrial Automation, Fleet Management, Smart Meter, and Others. Based on End User, the market is segmented into Manufacturing, Healthcare, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include AT&T, Inc., Verizon Communications, Inc., Vodafone Group Plc, Orange S.A., Telefonica S.A., Deutsche Telekom AG, Ericsson AB, Giesecke & Devrient GmbH, Thales Group S.A., and Infineon Technologies AG.
Scope of the Study
Market Segments Covered in the Report:
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Connectivity Services
- Professional Services
- Managed Services
- Asset Tracking & Monitoring
- Predictive Maintenance
- Telemedicine
- Warehouse Management
- Industrial Automation
- Fleet Management
- Smart Meter
- Others
- Manufacturing
- Healthcare
- Energy & Utilities
- Transportation & Logistics
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AT&T, Inc.
- Verizon Communications, Inc.
- Vodafone Group Plc
- Orange S.A.
- Telefonica S.A.
- Deutsche Telekom AG
- Ericsson AB
- Giesecke & Devrient GmbH
- Thales Group S.A.
- Infineon Technologies AG
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- Exhaustive coverage
- The highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Cellular M2M Market by Organization Size
Chapter 5. LAMEA Cellular M2M Market by Services Type
Chapter 6. LAMEA Cellular M2M Market by Application
Chapter 7. LAMEA Cellular M2M Market by End User
Chapter 8. LAMEA Cellular M2M Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- AT&T, Inc.
- Verizon Communications, Inc.
- Vodafone Group Plc
- Orange S.A.
- Telefonica S.A.
- Deutsche Telekom AG
- Ericsson AB
- Giesecke & Devrient GmbH
- Thales Group S.A.
- Infineon Technologies AG
Methodology
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