M2M/IoT Communications Market Size | Share Global Report 2022-2028
The global m2m/iot communications market size was valued at USD 22.1 million in 2021 and is poised to grow at a significant CAGR of 4.9% during the forecast period 2022-28. Intelligent connected objects are increasingly required to collect or exchange very small volumes of data with remote devices. This ranges from traditional industrial Machine-to-Machine (M2M) applications, such as remote monitoring for oil and gas pipelines or agricultural equipment, to new Internet of Things (IoT) applications, such as monitoring public lighting in Smart Cities. Cloud-based applications, industrial development are the other key variables towards the global M2M/IoT communication market
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