How big is the Massive Machine Type Communication Market?

The Massive Machine Type Communication Market size is expected to reach USD 2.58 billion in 2024 and grow at a CAGR of 9.42% to reach USD 4.05 billion by 2029. Read More

What is the current Massive Machine Type Communication Market size?

In 2024, the Massive Machine Type Communication Market size is expected to reach USD 2.58 billion. Read More

Who are the key players in Massive Machine Type Communication Market?

Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Cisco Systems, Inc. and Panasonic Corporation are the major companies operating in the Massive Machine Type Communication Market. Read More

Which is the fastest growing region in Massive Machine Type Communication Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Massive Machine Type Communication Market?

In 2024, the Asia Pacific accounts for the largest market share in Massive Machine Type Communication Market. Read More

What years does this Massive Machine Type Communication Market cover, and what was the market size in 2023?

In 2023, the Massive Machine Type Communication Market size was estimated at USD 2.34 billion. The report covers the Massive Machine Type Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Massive Machine Type Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Massive Machine Type Communication Market Share

Statistics for the 2023 & 2024 Massive Machine Type Communication market share, created by Mordor Intelligence™ Industry Reports. Massive Machine Type Communication share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Massive Machine Type Communication Industry

The Massive Machine Type Communication Market is semi-consolidated, with the presence of major players like Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, Cisco Systems, Inc., and Panasonic Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

March 2023 - Fibocom Wireless Inc., one of the leading global providers of IoT (Internet of Things) wireless solutions and wireless communication modules, announced its cooperation with Sony Semiconductor Israel (Sony), one of the leading providers of Cellular IoT chipsets, in launching the 5G LPWA module MS18 series, the Fibocom MS18 module series is designed to provide ultra-low power consumption and reliable wireless connectivity for the 5G massive IoT market.
August 2023 - Nokia partnered with Japanese operator NTT to deploy private wireless network services to more than 3.2 million enterprises across Thailand to boost the adoption of Industry 4.0 technologies. The vendor stated that a suite of “as-a-service digital technologies” will enable Thai businesses to access use cases, including digital twins, video analytics, and machine vision.