Product Code: ETC4465645 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India machine-to-machine (M2M) connections market import shipments experienced a marginal overall growth trend from 2020 to 2024, indicated by a low CAGR of 0.5%. However, there was a notable decline in growth momentum between 2023 and 2024, with a significant negative growth rate of -21.7%. This suggests a slowdown in market expansion towards the end of the period.
The Machine to Machine (M2M) Connections market in India is essential for enabling communication between devices and systems without human intervention. M2M technology has applications in various sectors, including transportation, utilities, and healthcare. It allows for remote monitoring, control, and data exchange between machines. As India seeks to modernize its infrastructure and improve operational efficiency, the M2M Connections market is experiencing steady growth, enhancing the connectivity and functionality of systems and devices.
The India Machine to Machine (M2M) connections market is being driven by the growing need for efficient data communication between devices and systems. Industries such as manufacturing, healthcare, and transportation are adopting M2M technology to enhance automation and streamline operations. Additionally, the increasing demand for smart cities and the Internet of Things (IoT) is fueling the growth of M2M connections. The need for real-time data analysis, remote monitoring, and control, as well as cost reduction, is pushing businesses to invest in M2M solutions.
The M2M connections market in India encounters challenges, including network reliability, as M2M devices often need to operate in remote or challenging environments. Standardization and interoperability among various M2M devices and platforms are vital but can be complex to achieve. Managing and securing a vast number of connected devices and the data they generate poses substantial cybersecurity challenges.
The COVID-19 pandemic had a complex impact on the India Machine to Machine (M2M) Connections market. While the initial disruption in supply chains and the economic slowdown affected the adoption of M2M technologies, the pandemic also underscored the critical role of connectivity and data sharing. M2M connections in healthcare, logistics, and manufacturing played a pivotal role in monitoring and responding to the crisis. The adoption of M2M connections for remote monitoring and automation is expected to grow as businesses and industries seek to enhance their resilience in a post-pandemic world.
Notable players in the India M2M Connections Market include Vodafone Idea, Airtel, Reliance Jio, and Tata Communications.
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 Machine-to-Machine (M2M) Connections Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, 2021 & 2031F |
3.3 India Machine-to-Machine (M2M) Connections Market - Industry Life Cycle |
3.4 India Machine-to-Machine (M2M) Connections Market - Porter's Five Forces |
3.5 India Machine-to-Machine (M2M) Connections Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Machine-to-Machine (M2M) Connections Market Revenues & Volume Share, By Industry , 2021 & 2031F |
3.8 India Machine-to-Machine (M2M) Connections Market Revenues & Volume Share, By , 2021 & 2031F |
4 India Machine-to-Machine (M2M) Connections Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of IoT solutions across various industries in India |
4.2.2 Government initiatives promoting digitalization and smart city projects |
4.2.3 Growing demand for connected devices and systems in sectors like healthcare, automotive, and agriculture |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing M2M solutions |
4.3.2 Concerns regarding data security and privacy in M2M communication |
4.3.3 Lack of standardized regulations and frameworks for M2M connectivity |
5 India Machine-to-Machine (M2M) Connections Market Trends |
6 India Machine-to-Machine (M2M) Connections Market, By Types |
6.1 India Machine-to-Machine (M2M) Connections Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Wireless Technologies, 2021-2031F |
6.1.4 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Wired Technologies, 2021-2031F |
6.2 India Machine-to-Machine (M2M) Connections Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.3 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Utilities, 2021-2031F |
6.2.4 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Retail, 2021-2031F |
6.2.5 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.6 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.7 India Machine-to-Machine (M2M) Connections Market Revenues & Volume, By Security & Surveillance, 2021-2031F |
6.4 India Machine-to-Machine (M2M) Connections Market, By |
6.4.1 Overview and Analysis |
7 India Machine-to-Machine (M2M) Connections Market Import-Export Trade Statistics |
7.1 India Machine-to-Machine (M2M) Connections Market Export to Major Countries |
7.2 India Machine-to-Machine (M2M) Connections Market Imports from Major Countries |
8 India Machine-to-Machine (M2M) Connections Market Key Performance Indicators |
8.1 Average revenue per user (ARPU) for M2M connections |
8.2 Number of new IoT/M2M projects initiated in key industries |
8.3 Percentage increase in the adoption of M2M solutions in rural areas |
8.4 Average response time for issue resolution in M2M connections |
8.5 Rate of growth in the number of M2M connections in emerging sectors |
9 India Machine-to-Machine (M2M) Connections Market - Opportunity Assessment |
9.1 India Machine-to-Machine (M2M) Connections Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Machine-to-Machine (M2M) Connections Market Opportunity Assessment, By Industry , 2021 & 2031F |
9.4 India Machine-to-Machine (M2M) Connections Market Opportunity Assessment, By , 2021 & 2031F |
10 India Machine-to-Machine (M2M) Connections Market - Competitive Landscape |
10.1 India Machine-to-Machine (M2M) Connections Market Revenue Share, By Companies, 2024 |
10.2 India Machine-to-Machine (M2M) Connections Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |