SOURCE RESEARCH
M2M Embedded Cellular Modules
Market Data | 1Q 2025 | MD-M2MM-176
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The cellular Machine-to-Machine (M2M) module market will grow at a Compound Annual Growth Rate (CAGR) of 8% worldwide, with its market sizing reaching US$9.7 billion, up from US$6.5 billion in 2025. Asia-Pacific will continue to be the largest regional market for M2M cellular modules, accounting for more than half of total revenue. Europe and North America will share similar market values throughout the forecast, with the former surpassing the latter in 2029.
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