Machine to Machine M2M Connections Market Insights Video

According to Cognitive Market Research, the global Machine to Machine M2M Connections market size is USD 21548.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 8619.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6464.58 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4956.18 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
• Latin America had a market share for more than 5% of the global revenue with a market size of USD 1077.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 430.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
• The Wired held the highest Machine to Machine M2M Connections market revenue share in 2024.