Market Share of Massive Machine Type Communication Industry
The Massive Machine Type Communication Market is moderately competitive and has several major players. In terms of market share, few of the major players currently dominate the market. The market is moderately fragmented, which is increasing the intensity of the market competition. As a result, it has become difficult for companies to survive in the market due to huge capital investments. Some prominent vendors in the market include Huawei Technologies Co., Ltd., Nokia Corporation, Cisco Systems, Inc., etc.
In September 2022, Standalone 5G is the "ultimate version of 5G," according to Orange. According to the operator, the technology was expected to increase the quality of service and network resilience control for commercial applications, maximizing the potential of 5G technology. With technologies like Ultra-Reliable Low Latency Communications (URLLC), Enhanced Mobile Broadband (eMBB), and Massive Machine-Type Communications (mMTC) services, the operator claimed Standalone 5G would likely also facilitate the future growth of value-added and on-demand offerings for Industry 4.0 and consumer markets.
In April 2022, The Tiger-3 satellite mission of OQ Technology, a 5G IoT connectivity firm situated in space, was launched from Space Launch Complex 40 on April 2022. (SLC-40). With ultra-reliable low latency communication (URLLC) and massive machine type communications (MTC), OQ's "cell tower within the satellite" technology sought to offer real-time worldwide connectivity for applications in remote and rural locations.
Massive Machine Type Communication Market Leaders
Huawei Technologies Co., Ltd.
Telefonaktiebolaget LM Ericsson
Nokia Corporation
Cisco Systems, Inc.
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
