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Machine To Machine (M2M) Services Market size is set to grow by USD 116.80 billion from 2024-2028, Rising demand for improved machine to machine data communication boost the market, Technavio

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NEW YORK, July 16, 2024 /PRNewswire/ — The global machine to machine (M2M) services market size is estimated to grow by USD 116.80 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 37.12%  during the forecast period. Rising demand for improved machine to machine data communication is driving market growth, with a trend towards growth of automotive industry by leveraging 5G technology. However, standardization and policy-related issues poses a challenge. Key market players include Aeris Communications Inc., Alphabet Inc., Amdocs Ltd., AT and T Inc., BT Group Plc, Cisco Systems Inc., Comarch SA, Cstar Technologies Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., Orange SA, Rogers Communications Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Thales Group, Verizon Communications Inc., and Vodafone Group Plc.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Machine To Machine (M2M) Services Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 37.12%

Market growth 2024-2028

USD 116807.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

29.55

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 30%

Key countries

US, China, Japan, India, and UK

Key companies profiled

Aeris Communications Inc., Alphabet Inc., Amdocs Ltd., AT and T Inc., BT Group Plc, Cisco Systems Inc., Comarch SA, Cstar Technologies Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Intel Corp., Orange SA, Rogers Communications Inc., Semtech Corp., Telefonaktiebolaget LM Ericsson, Telefonica SA, Telit, Thales Group, Verizon Communications Inc., and Vodafone Group Plc

Market Driver

The 5G network is set to fuel advancements in machine-to-machine (M2M) and machine-to-infrastructure (M2I) services, particularly in sectors like automotive and logistics. IoT connectivity plays a crucial role in enabling interconnectivity between devices, such as vehicles, and providing real-time information for enhanced safety and efficiency. Autonomous vehicles, a major innovation, offer social, economic, and mobility benefits, with safety features activated only when necessary. Vehicle-to-X (V2X) technology facilitates communication between vehicles and other entities, enhancing safety and enabling faster, more efficient driving. In the logistics industry, IoT solutions optimize fleet, freight, and public transport management, increasing operational efficiency and enhancing the commuter experience. OTA updates, facilitated by 5G and IoT, provide significant cost savings and real-time software enhancements, driving the growth of the global M2M services market. Companies like NXP Semiconductors, Cisco, Tesla, and Ford are leading the way in implementing these technologies. 

The Machine-to-Machine (M2M) services market is experiencing significant growth due to advancements in connectivity technologies, such as 4G/LTE and 5G. Product enhancements in manufacturing products, like sim-enabled machines and sensors, are driving cost-effectiveness and operational efficiency for enterprises. Software application integration and cloud platforms enable real-time analytics capabilities. Strategic developments, including partnerships with resellers and expansion into new industries like utilities, smart cities, automotive, healthcare, and telecom-related fields, are also fueling growth. Safety regulations and cybersecurity concerns are being addressed through AI/ML and network management solutions. The 5G penetration rate is increasing, providing fast wireless technology for large industrial firms to handle 5G data and online transactions securely. M2M transactions are becoming essential for operational efficiency and reducing operational breaches. Government policies and wireless networks (both wired and wireless) are crucial components of the connectivity process. Ongoing developments in optical, switching, and security technologies will further enhance the M2M services market. 

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Market Challenges

Machine to machine (M2M) services find applications in various industries, including automotive, manufacturing, energy, healthcare, and military. Due to market fragmentation, operators must provide unique M2M platforms catering to diverse use cases and applications. M2M devices have distinct connectivity requirements, necessitating frequent data transmission, which could lead to network overload during emergencies or disasters. Satellite operators, with varying national regulatory policies, create interoperability issues. Integrating M2M devices with cellular M2M technologies is complex, requiring device redesign and software development. Adding supplementary features like GPS, Bluetooth, and short-range wireless connectivity can cause integration issues, reducing M2M adoption. A standardized framework for sharing data from different satellites is lacking, affecting coordination among databases. Despite these challenges, existing spectrum and network assets can be leveraged to maximize profits, reduce customer acquisition and support costs, and enable new wireless devices and business processes.In the current business scenario, the Machine-to-Machine (M2M) Services Market is experiencing rapid development, driven by the need for smart homes solutions and Industry 4.0. However, there are several challenges that need to be addressed to ensure the effectiveness and cost-competitiveness of M2M services. Cost is a significant challenge, with high component costs, power consumption, and commissioning fees limiting the adoption of M2M technologies. Scalability and network resilience are also critical issues, as M2M communications require reliable and robust networks to transmit sensed data and enable real-time decision-making. The M2M value chain includes various operational activities, from component manufacturing to memory management and RFID tagging. Technological advancements, such as artificial intelligence (AI) and fifth-generation (5G) networks, are enabling more collaborating machines and machine-type communication (MTC), but these technologies also come with their own costs and complexities. The M2M market is also facing the threat of substitutes, such as wired communication and manual data entry. To remain competitive, M2M service providers must focus on reducing costs, improving quality, and ensuring ease of commissioning for their customers. Components, such as actuators and sensors, play a crucial role in the M2M ecosystem. Ensuring the reliability and compatibility of these components is essential to maintaining network effectiveness and reducing the risk of operational errors. Overall, the M2M Services Market is an exciting and dynamic space, with significant potential for growth and innovation. However, addressing the challenges of cost, power consumption, scalability, network resilience, ease of commissioning, and component reliability will be key to unlocking the full potential of this technology.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This machine to machine (m2m) services market report extensively covers market segmentation by  

Application 1.1 Automotive1.2 Healthcare1.3 Utilities1.4 Retail1.5 OthersTechnology 2.1 Wireless2.2 WiredGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive-  The Machine-to-Machine (M2M) services market refers to the communication between machines and devices, enabling them to exchange data and perform tasks without human intervention. This market is growing rapidly due to the increasing use of Internet of Things (IoT) technology in various industries, including healthcare, transportation, and manufacturing. Companies are investing in M2M services to improve efficiency, reduce costs, and enhance productivity. The market is expected to reach significant growth in the coming years, driven by the proliferation of connected devices and the demand for real-time data analysis.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

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Research Analysis

The Machine-to-Machine (M2M) services market is experiencing significant growth due to the increasing adoption of Industry 4.0 and the integration of Artificial Intelligence (AI) in various industries. M2M communications enable devices and machines to exchange information and make decisions autonomously over the internet. With the rollout of 5G and advancements in connectivity technologies, M2M services are becoming more cost-effective and efficient. M2M services find applications in various sectors such as manufacturing, transportation, healthcare, automotive, and smart cities. Sensors and machines are integrated with software application integration to collect data and analyze it using analytics capabilities. This data is used to optimize operational efficiency, ensure safety regulations, and drive strategic developments. Wireless technologies like NB-IoT and LTE-M are gaining popularity in M2M services due to their low power consumption and long-range capabilities. Cybersecurity is a major concern in M2M services, and companies are investing in advanced security measures to protect against potential threats. Government policies and initiatives are also driving the growth of M2M services in sectors like waste management and smart cities. Connected cars are another area of significant growth, with automakers investing heavily in M2M services to enhance safety and improve the driving experience. Overall, M2M services are transforming industries by enabling real-time data exchange and automated decision-making.

Market Research Overview

The Machine-to-Machine (M2M) Services Market is experiencing rapid development in various industries as part of Industry 4.0, with M2M communications and machine-type communication (MTC) playing a crucial role. Sensed data is transformed into valuable information for decision-making and collaborating machines, reducing human involvement. M2M technology connects devices to the internet, enabling key advancements in manufacturing products, cost-effectiveness, and operational efficiency. Connectivity technologies, including 4G/LTE, 5G networks, and wireless and wired networks, are enabling the connectivity process. M2M transactions are increasing in sectors like utilities, smart cities, automotive, healthcare, telecom-related fields, and more. AI/ML, cybersecurity, and network management are essential components of M2M services. The expansion stage of M2M technology is driven by strategic developments, cloud platforms, analytics capabilities, and resellers. Maintenance, hardware, sensors, and machines are integral parts of the M2M ecosystem. Policies and regulations, including those from the Department of Telecom, play a significant role in the market’s growth. M2M services are transforming industries, from connected cars and wireless technologies to NB-IoT, LTE-M, and healthcare equipment, and are revolutionizing sectors like waste management, water management, energy consumption, and public buildings. Technology giants are investing in specialized solutions for autonomous driving, driver assistance systems, and self-driving cars. The penetration rate of 5G and the availability of fast wireless technology are enabling online transactions and M2M transactions, making the future of M2M services exciting and full of possibilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAutomotiveHealthcareUtilitiesRetailOthersTechnologyWirelessWiredGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Capital Advantage, Inc. Offers Tailored Financial Services for Kaiser Permanente® and TPMG Employees

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21 minutes ago

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January 10, 2025

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WALNUT CREEK, Calif., Jan. 10, 2025 /PRNewswire/ — Capital Advantage, Inc., a trusted name in wealth management, is proud to highlight its specialized services designed to meet the unique financial needs of Kaiser Permanente® and The Permanente Medical Group (TPMG) employees.

At Capital Advantage, we understand the complexities of Kaiser Permanente® and TPMG benefit plans. Our team is dedicated to helping healthcare professionals navigate their robust and often intricate benefit options. With over 30 years of expertise and a deep understanding of Kaiser’s offerings, we craft personalized financial plans to help maximize the value of our clients’ benefits.

“We recognize the unique challenges and opportunities that healthcare professionals face in managing their financial lives,” says Ian Castille, CFP®, Principal and Senior Financial Advisor at Capital Advantage, Inc.

Donna Zinman, CRPC®, Principal and Senior Advisor, adds, “Our goal is to educate our clients about their attractive benefit options and help them make the most of these opportunities.”

Key services for Kaiser Permanente® and TPMG employees include customized portfolio strategies and personalized guidance on retirement savings plans, identification of ideal pension options and annual open-enrollment benefit selections, advice on traditional vs. Roth 401(k) options, advanced tax-saving strategies (such as mega-backdoor Roth contributions), and simplification of retirement planning by working directly with Kaiser/TPMG’s benefits department. These services are designed to provide Kaiser/TPMG employees with peace of mind, confidence, and financial empowerment as they navigate their retirement and benefits planning.

About Capital Advantage, Inc.

Capital Advantage is a trusted, independently owned wealth management firm with over 40 years of experience helping individuals and families to achieve their financial goals. As a 100% fee-only fiduciary, Capital Advantage strives to provide financial peace of mind to each and every client, delivering large institution expertise with the personalized care and attention of a boutique firm. Our experienced advisors work closely with pre-retirees and retirees, women navigating unique financial journeys, and Kaiser Permanente® and The Permanente Medical Group (TPMG) employees to create strategies that provide clarity, confidence, and long-term success.

For more information on Capital Advantage’s services visit: Kaiser/TPMG Employees – Capital Advantage, Inc. or call (925) 299-1500 to contact one of our advisors for a no-cost initial consultation.

Disclaimer: Capital Advantage, Inc. is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Kaiser Permanente® or TPMG (The Permanente Medical Group)

Limitations: No amount of experience, recognition, or past success, nor the achievement of any professional designation, certification, degree, or license should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Capital Advantage is engaged, or continues to be engaged, to provide investment advisory services. Please see Important Disclosure.

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SOURCE Capital Advantage, Inc.

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NASA Sets Coverage for Firefly First Commercial Robotic Moon Launch

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21 minutes ago

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January 10, 2025

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WASHINGTON, Jan. 10, 2025 /PRNewswire/ — Carrying NASA science and technology to the Moon as part of the agency’s CLPS (Commercial Lunar Payload Services) initiative and Artemis campaign, Firefly Aerospace’s Blue Ghost Mission 1 is targeting launch Wednesday, Jan. 15. The mission will lift off on a SpaceX’s Falcon 9 rocket from Launch Complex 39A at the agency’s Kennedy Space Center in Florida.

Live launch coverage will air on NASA+ with prelaunch events starting Monday, Jan. 13. Learn how to watch NASA content through a variety of platforms, including social media. Follow all events at:

https://www.nasa.gov/live/

After the launch, Firefly’s Blue Ghost lander will spend approximately 45 days in transit to the Moon before landing on the lunar surface in early March. The lander will carry 10 NASA science investigations to further our understanding of the Moon’s environment and help prepare for future human missions to the lunar surface, as part of the agency’s Moon to Mars exploration approach. 

Science investigations on this flight aim to test and demonstrate lunar subsurface drilling technology, regolith sample collection capabilities, global navigation satellite system abilities, radiation tolerant computing, and lunar dust mitigation methods. The data captured could benefit humans on Earth by providing insights into how space weather and other cosmic forces impact Earth. 

The deadline has passed for media accreditation for in-person coverage of this launch. The agency’s media accreditation policy is available online. More information about media accreditation is available by emailing: ksc-media-accreditat@mail.nasa.gov.

Full coverage of this mission is as follows (all times Eastern):

Monday, Jan. 13
2:30 p.m. – Lunar science media teleconference with the following participants:

Chris Culbert, CLPS program manager, NASA’s Johnson Space CenterMaria Banks, CLPS project scientist, NASA Johnson

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 1:30 p.m. EST Jan. 13, at: ksc-newsroom@mail.nasa.gov.

Tuesday, Jan. 14
1 p.m. – Lunar delivery readiness media teleconference with the following participants:

Nicola Fox, associate administrator, Science Mission Directorate at NASA HeadquartersJason Kim, CEO, Firefly AerospaceJulianna Scheiman, director, NASA science missions, SpaceXMark Burger, launch weather officer, Cape Canaveral Space Force Station’s 45th Weather Squadron

Audio of the teleconference will stream live on the agency’s website:

https://www.nasa.gov/live/

Media may ask questions via phone only. For the dial-in number and passcode, please contact the Kennedy newsroom no later than 12 p.m. EST on Tuesday, Jan. 14, at: ksc-newsroom@mail.nasa.gov.

Wednesday, Jan. 15
12:30 a.m. – Launch coverage begins on NASA+ and the agency’s website.

1:11 a.m. – Launch

NASA Launch Coverage
Audio only of the media teleconferences and launch coverage will be carried on the NASA “V” circuits, which may be accessed by dialing 321-867-1220, -1240, or -7135. On launch day, the full mission broadcast can be heard on -1220 and -1240, while the countdown net only can be heard on -7135 beginning approximately one hour before the mission broadcast begins.

On launch day, a “tech feed” of the launch without NASA TV commentary will be carried on the NASA TV media channel.

NASA Website Launch Coverage
Launch day coverage of the mission will be available on the NASA website. Coverage will include live streaming and blog updates beginning no earlier than 12:30 a.m. EST Jan. 15, as the countdown milestones occur. On-demand streaming video and photos of the launch will be available shortly after liftoff. For questions about countdown coverage, contact the Kennedy newsroom at 321-867-2468. Follow countdown coverage on our launch blog for updates.

NASA Virtual Guests for Launch
Members of the public can register to attend this launch virtually. Registrants will receive mission updates and activities by email, including curated mission resources, schedule updates, and a virtual guest passport stamp following a successful launch. Print your passport and get ready to add your stamp!

Watch, Engage on Social Media
Let people know you’re following the mission on X, Facebook, and Instagram by using the hashtag #Artemis. You can also stay connected by following and tagging these accounts:

X: @NASA, @NASAKennedy, @NASAArtemis, @NASAMoon

Facebook: NASA, NASAKennedy, NASAArtemis

Instagram: @NASA, @NASAKennedy, @NASAArtemis

Coverage en Español
Did you know NASA has a Spanish section called NASA en español? Check out NASA en español on X, Instagram, Facebook, and YouTube for additional mission coverage.

Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo o Messod Bendayan a: antonia.jaramillobotero@nasa.gov o messod.c.bendayan@nasa.gov.

For media inquiries relating to the launch provider, please contact SpaceX’s communications department by emailing: media@spacex.com. For media inquiries relating to the CLPS provider, Firefly Aerospace, please contact Firefly’s communication department by emailing: press@fireflyspace.com.
For more information about the agency’s CLPS initiative, see:

https://www.nasa.gov/clps

 

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SOURCE NASA

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Universal Brain Announces Publication of Groundbreaking Depression Research Using Multiple Event-Related Potentials

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21 minutes ago

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January 10, 2025

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New findings support the company’s neuroscience-driven approach to precision psychiatry, offering actionable insights for personalized depression treatment

PALO ALTO, Calif., Jan. 10, 2025 /PRNewswire/ — Universal Brain, a pioneering technology company focused on transforming mental healthcare through neuroscience, today announced the publication of its latest peer-reviewed study, “Neurotyping depression using multiple event-related potentials (ERPs): Leveraging task-based variation to predict remission in depression,” the paper introduces a novel framework for detecting unique neurophysiological patterns that can help predict which depressed patients are most likely to achieve remission from depression.

“By combining several EEG paradigms with novel statistical analyses, we’re moving closer to a future where depression therapies can be precisely tailored to each individual,” said Kazu Okuda, Chief Executive Officer of Universal Brain. “In particular, we are poised to leverage a battery of EEG paradigms to better subtype depression – which will pave the way for more precision in treatment development and selection.  These functional measures of brain activity (i.e., neurotypes) will be used to determine what treatment works best for whom.”

Key Highlights of the Study

Multi-Task ERP Analyses
The study leveraged multiple cognitive and emotional tasks to capture a broader spectrum of brain responses, thereby enabling more robust classification of distinct depression subtypes.Predictive Neurotyping
Through comprehensive ERP assessment, researchers identified patterns linked to a higher likelihood of remission in depression, paving the way for more targeted clinical strategies. Combining ERPs from multiple tasks outperformed classifications based on more traditional single-task analyses.Implications for Precision Psychiatry
These findings underscore the potential of individualized treatment pathways—an approach backed by emerging research in the field of precision psychiatry, which calls for data-driven, personalized solutions to improve outcomes in mental health.

“This work is especially exciting because it bridges the gap between laboratory-based assessments and potential real-world clinical practice. We believe our new method can help physicians potentially select treatment but also help clinicians fine-tune therapeutic interventions to an individual’s unique neural signature,” commented Greg Hajcak, Chief Scientific Advisor of Universal Brain. “By leveraging multiple ERPs in varying tasks, we can aim to better predict who will respond to specific treatments, a key step in transforming how we approach depression management.”

Championing Precision Psychiatry

Universal Brain’s overarching mission is to integrate cutting-edge neuroscience with clinical insights to advance precision psychiatry—a transformative model of care that personalizes interventions based on individual biological, behavioral, and environmental factors. This focus resonates with emerging trends in psychiatric research to enhance treatment outcomes.

In close collaboration with academic institutions, research hospitals, and clinical partners, Universal Brain continues to drive neuroscience-based innovation that bridges the gap between academic discoveries and real-world patient care.

For more information on Universal Brain’s research and the company’s commitment to developing neuroscience-driven solutions for mental health, please visit universal-brain.com or email us at media@universal-brain.com.

About Universal Brain

Universal Brain is a science-driven technology company dedicated to revolutionizing mental healthcare by unlocking the power of precision psychiatry. Drawing on advances in neuroscience, data analytics, and engineering, Universal Brain develops innovative tools and platforms that personalize psychiatric treatment and improve patient outcomes. To learn more, visit www.universal-brain.com.

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SOURCE Universal Brain

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