Market Forecast By Service (Connectivity, Professional, Managed), By Application (Asset Tracking, Monitoring, Predictive Maintenance, Telemedicine, Fleet Management), By End User (Healthcare, Energy and utilities, Transportation and logistics, Manufacturing, Others (automotive and retail)), By Organization Size (Large Enterprises, Small and Medium Enterprises (SMEs)) And Competitive Landscape
Product Code: ETC4380025 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | India Cellular M2M Market |
Forecast period | 2025-2031 |
CAGR | 6.4% |
Growing Sector | Healthcare |
The India Cellular M2M Market Report thoroughly covers the market by service, application, end-user and organization size. The India Cellular M2M Market Outlook report provides an unbiased and detailed analysis of the ongoing India Cellular M2M Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The India Cellular M2M market is anticipated to witness significant growth from 2025 to 2031. This growth can be attributed to the increasing adoption of Internet of Things (IoT) devices and the growing demand for connected solutions across various industries.
According to 6Wresearch, the India Cellular M2M Market size is projected to rise at a CAGR of 6.4% during 2025-2031. One of the major drivers for this market is the increasing use of M2M technology in various sectors such as automotive, healthcare, retail, and transportation. The demand for connected solutions is driven by the need for real-time data monitoring and analysis to improve efficiency and reduce costs. Additionally, the increasing government initiatives to promote digitalization and smart city development in India are also expected to contribute to the India Cellular M2M Market growth.
However, there are several challenges that may hinder the growth of this market in India. The lack of standardization and interoperability among different devices and networks can pose a challenge for seamless communication between devices. Moreover, concerns regarding data privacy and security may also impede the adoption of M2M solutions, especially in sensitive industries such as healthcare.
Some of the key players operating in the India Cellular M2M market include Vodafone Idea Limited, Bharti Airtel Limited, Tata Communications Ltd., and Reliance Communications Ltd. These companies are investing in new technologies and partnerships to expand their offerings and stay competitive in the market. Moreover, partnerships with other players in the ecosystem such as device manufacturers and application developers are also helping these companies accelerate their growth in the market.
The Government of India has recognized the potential of M2M technology and has taken several initiatives to promote its adoption. The Digital India program, launched in 2015, aims to transform India into a digitally empowered society by promoting the use of digital technologies, including M2M. The government has also announced plans to establish a National Digital Communication Policy that will focus on promoting the growth of M2M and other emerging technologies. In addition to government initiatives, industry associations such as the Cellular Operators Association of India (COAI) are also playing a crucial role in promoting M2M adoption in India.
Factors such as increasing adoption of smart devices, advancements in communication technologies, and government initiatives to promote digitalization will drive the market's growth. Moreover, with the growing demand for IoT solutions in various industries such as healthcare, agriculture, transportation, and manufacturing, the M2M market is expected to witness significant growth opportunities.
According to Sumit, Senior Research Analyst, 6Wresearch, connectivity services is expected to dominate the market during the forecast period. This growth can be attributed to an increase in the use of M2M devices for a variety of applications such as vehicle tracking, remote monitoring, and supply chain management.
One of the fastest growing sectors in India's cellular M2M market is healthcare. This is due to the increasing demand for remote patient monitoring and telemedicine services. With advancements in technology, healthcare providers are now able to remotely monitor patients' vital signs and provide necessary medical assistance without the need for physical appointments.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cellular M2M Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cellular M2M Market Revenues & Volume, 2021 & 2031F |
3.3 India Cellular M2M Market - Industry Life Cycle |
3.4 India Cellular M2M Market - Porter's Five Forces |
3.5 India Cellular M2M Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.6 India Cellular M2M Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Cellular M2M Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 India Cellular M2M Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 India Cellular M2M Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Cellular M2M Market Trends |
6 India Cellular M2M Market, By Types |
6.1 India Cellular M2M Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 India Cellular M2M Market Revenues & Volume, By Service, 2021 - 2031F |
6.1.3 India Cellular M2M Market Revenues & Volume, By Connectivity, 2021 - 2031F |
6.1.4 India Cellular M2M Market Revenues & Volume, By Professional, 2021 - 2031F |
6.1.5 India Cellular M2M Market Revenues & Volume, By Managed, 2021 - 2031F |
6.2 India Cellular M2M Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cellular M2M Market Revenues & Volume, By Asset Tracking, 2021 - 2031F |
6.2.3 India Cellular M2M Market Revenues & Volume, By Monitoring, 2021 - 2031F |
6.2.4 India Cellular M2M Market Revenues & Volume, By Predictive Maintenance, 2021 - 2031F |
6.2.5 India Cellular M2M Market Revenues & Volume, By Telemedicine, 2021 - 2031F |
6.2.6 India Cellular M2M Market Revenues & Volume, By Fleet Management, 2021 - 2031F |
6.3 India Cellular M2M Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Cellular M2M Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.3 India Cellular M2M Market Revenues & Volume, By Energy and utilities, 2021 - 2031F |
6.3.4 India Cellular M2M Market Revenues & Volume, By Transportation and logistics, 2021 - 2031F |
6.3.5 India Cellular M2M Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.3.6 India Cellular M2M Market Revenues & Volume, By Others (automotive and retail), 2021 - 2031F |
6.4 India Cellular M2M Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 India Cellular M2M Market Revenues & Volume, By Large Enterprises, 2021 - 2031F |
6.4.3 India Cellular M2M Market Revenues & Volume, By Small and Medium Enterprises (SMEs), 2021 - 2031F |
7 India Cellular M2M Market Import-Export Trade Statistics |
7.1 India Cellular M2M Market Export to Major Countries |
7.2 India Cellular M2M Market Imports from Major Countries |
8 India Cellular M2M Market Key Performance Indicators |
9 India Cellular M2M Market - Opportunity Assessment |
9.1 India Cellular M2M Market Opportunity Assessment, By Service, 2021 & 2031F |
9.2 India Cellular M2M Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Cellular M2M Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 India Cellular M2M Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 India Cellular M2M Market - Competitive Landscape |
10.1 India Cellular M2M Market Revenue Share, By Companies, 2024 |
10.2 India Cellular M2M Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |