Cellular M2M Value-Added Services (VAS) Market Share and Trends 2024

Posted by Ritu on February 17th, 2021

Cellular based Machine to Machine Market will register a CAGR of 39% during 2020-2024. The market’s growth momentum will Accelerate.

Declining cost of connectivity applications | Growing demand for enhanced M2M data communication | Escalating demand for connectivity will be one of the major factors driving the growth of this market. Additionally, key Cellular M2M Value-Added Services (VAS) Market trends such as the Digital signage in the M2M retail sector will also influence market growth during the forecast period.

During the forecast period, the Cellular M2M Value-Added Services (VAS) Market size will grow by $ 76.08 bn.

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Cellular M2M Value-Added Services (VAS) Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Cellular M2M Value-Added Services (VAS) Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Security and network integration issues in connected vehicles | Lack of in-house expertise | Technological adaptability will also challenge the growth of the companies.

Aeris Communications Inc. | Amdocs Ltd. | AT&T Inc. | China Mobile Ltd. | Deutsche Telekom AG | Sierra Wireless Inc. | Telefonica SA | Thales Group | Verizon Communications Inc. | Vodafone Group Plc.list

are some of the companies covered in Technavio’s Cellular M2M Value-Added Services (VAS) Market report for 2020-2024.

Cellular M2M Value-Added Services (VAS) Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Cellular M2M Value-Added Services (VAS) Market.

The Europe will account for the largest Cellular M2M Value-Added Services (VAS) Market share and during 2020-2024, the region will contribute to 34% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Cellular M2M Value-Added Services (VAS) Market report also analyzes the market by Consumer electronics | Automotive | Transportation and logistics | Healthcare | Others | North America | Europe | APAC | South America | MEA.comma

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