The Latest research study released by Absolute Markets Insights Lightweight Machine-To-Machine (LWM2M) Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, the global lightweight machine-to-machine (LWM2M) market was valued at US$ 69.43 Mn in 2022 and is anticipated to reach US$ 441.45 Mn by 2030 growing at a CAGR of 23% over the forecast period. Some of the Major Companies covered in this Research are: Arm Limited, AVSystem, CONNECT2 SYSTEMS LIMITED, FRIENDLY TECHNOLOGIES, Gemalto NV, Nokia, OMA SpecWorks, and ROHDE & SCHWARZ amongst others. Request a report sample to gain comprehensive insights @ Global Lightweight Machine-to-Machine (LWM2M) Market: By Vertical Manufacturing Transportation and Logistics Banking Financial Services and Insurance Retail and Ecommerce Healthcare Others By Components Sensors RFID Modem Others By Organization Size Small and Medium Sized Enterprises Large Enterprises By Region North America U.S. Canada Mexico Rest of North America Europe France The UK Spain Germany Italy Nordic Countries Denmark Finland Iceland Sweden Norway Benelux Union Belgium The Netherlands Luxembourg Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Southeast Asia Indonesia Thailand Malaysia Singapore Rest of Southeast Asia Rest of Asia Pacific Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of Middle East & Africa Latin America Brazil Argentina Rest of Latin America Purchase the latest in-depth Lightweight Machine-To-Machine (LWM2M) Market report: The lightweight machine-to-machine (LWM2M) is a communication protocol designed for effective device management, device actuation and data reporting through a fast deployable client server. The trend of digitalization has impacted communication between people, machines and other living or non-living things around us. The shift towards connected things has brought new concepts and technologies to light giving rise to next industrial revolution 4.0, which has connectivity at its core. Machines, electronic devices, cities and other equipment, which we encounter in our daily life, are becoming ‘Smart’ by utilizing the power of data through connected technologies including Internet of Things (IoT). A report published in 2016 by European Commission, a political and economic union of European countries, stated that IoT connected devices in European Union are anticipated to increase exponentially by 2020. The invention of stronger and faster wireless broadband communication networks such as 4G, 5G and the on-going developments on 6G have increased the effective application of IoT in machines, wearables and even structures, further deepening its penetration. The lightweight machine-to-machine (LWM2M) protocol enables remote operation of IoT embedded devices to perform specific tasks such as actuation, operation, monitoring, run diagnostics to list a few. The lightweight machine-to-machine (LWM2M) was specifically designed for reduce power and data consumption in low-power devices. The growing number of IoT enabled devices coupled with next generation communication networks is driving the growth of global lightweight machine-to-machine (LWM2M) market. The IoT technology is finding applications in increasing set of industries including aerospace, agriculture and environmental services, automotive and transport, electronics and embedded devices, equipment and machinery, healthcare, security and surveillance and telecommunications, amongst others. The most recent application of IoT is smart cities and smart homes. Municipal corporations across the globe are building upon the cellular and low power wireless technologies to connect and refine infrastructure for improving quality of life. For instance, Government of India launched a Smart City mission in 2015 with a planned investment of US$ 28.7 Billion under which the government intends to lend smart capabilities to the infrastructure of these cities including lighting, surveillance, transport, environment and others. In another instance, the SMART corridor project launched by California State Department of Transportation in 2016 focused on the use of IoT, digital signs and active traffic management to reduce number of accidents and travel time. The LWM2M can be effectively applied for applications such as smart lighting, surveillance, air monitoring, and others. The ongoing developments in connectivity networks including 5G coupled with the trend of smart cities across the world poses potential opportunity in near future for market participants in the global lightweight machine-to-machine (LWM2M) market. Initiatives on the global scale are on-going to streamline effective machine-to-machine communication through a common server. oneM2M, a global partnership project founded in 2012 with 200 participating members, focuses to develop a software frame work that addresses the common machine-to-machine service layer requirement. The initiative is in the research phase and has not been fully commercialized. The project aims to attract industry players from transportation, healthcare, industrial automation, energy and utilities and other industries. Hence, similar initiatives is expected to boost the global lightweight machine-to-machine (LWM2M) market. Although, the Constraint Application Protocol (CoAP) based lightweight machine-to-machine has benefits of operating at low power consumption, it has certain disadvantages including the use of IP addresses in LWM2M specification with certificates, which makes its use more complicated and hampers the adoption rate. Message Queue Telemetry Transport (MQTT), an alternative to lightweight machine-to-machine protocol, is more commonly used for IoT data communication owing to the ease of deployment and its data volume handling capacity. This is hampering the adoption of LWM2M in simple and less loaded IoT systems. However, in order to overcome such challenges in lightweight machine-to-machine (LWM2M) market, companies are developing solutions with combined features of MQTT and CoAP. For instance, EMQ Technologies Co., Ltd, an open source software company, has designed EMQ-LWM2M plugin which bridges MQTT and LWM2M by allowing MOTT clients to interact with LWM2M devices. Lightweight Machine-To-Machine (LWM2M) Market Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company. 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