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M2M Device Connections and Revenue: Worldwide Forecast 2014-2024

  • Published:
  • PPT and PDF (60 slides); Excel
  • Analysys Mason

The automotive and transport sector represents the biggest opportunity for cellular connectivity, but operators should also focus on alternative technologies to provide comprehensive services across many verticals.

Machine-to-machine (M2M) represents a strong growth market across various industry segments. The market will grow to 3.2 billion connections worldwide by 2024, at a CAGR of 28%. Smart meters and connected vehicles are two key growth areas, representing more than 80% of total connections in 2024. This report presents the update to our forecast for M2M connections.


The report provides:

  • a detailed 10-year forecast, worldwide and for eight regions, of:
    • M2M device connections in eight industry sectors
    • M2M connectivity-related average revenue per connection (ARPC)
    • M2M connectivity-related revenue
  • analysis of key forecast data for connections, revenue and ARPC
  • a comprehensive view of the opportunities in the M2M market for eight key verticals including automotive and transport, security and utilities
  • assumptions underpinning the growth trajectory for each region
  • our latest research and assumptions on the automotive and transport and utilities sectors, which accounted for 73% of total M2M connections in 2013
  • market definitions and comparisons with our previous forecast.

DATA COVERAGE

Forecast data is split by:

  • market type (developed and emerging)
  • network type (cellular and non-cellular).

Forecast data covers the following eight industry sectors and 28 M2M solutions within those sectors.

  • Automotive and transport
  • Financial services
  • Healthcare
  • Industrial
  • Public sector
  • Retail
  • Security
  • Utilities

GEOGRAPHICAL COVERAGE

Data is provided for the following regions.

  • Western Europe
  • Central and Eastern Europe
  • North America
  • Latin America
  • Developed Asia-Pacific
  • Emerging Asia-Pacific
  • Middle East and North Africa
  • Sub-Saharan Africa

About the author

hele Mackenzie (Principal Analyst) is an analyst for Analysys Mason's IoT and M2M Solutions research programme. She has 15 years of experience as an analyst. Prior to joining Analysys Mason in February 2014, Michele was a freelance analyst with a focus on machine-to-machine (M2M) and Internet of Things (IoT) technology and trends including smart cities, transport, intelligent buildings, fleet management and telematics. She has written reports for Machina Research and produced research for other clients on areas such as mobile broadband and digital media. Michele worked for Ovum for 12 years where she focused on consumer mobile applications and held various roles including Practice Leader for Consumer Services. She has also worked as a consultant for Ovum's consultancy division.

Table of Contents

  • 7. Executive summary
  • 8. Executive summary: The number of M2M device connections worldwide will grow to 3. 2 billion in 2024
  • 9. Executive summary: Device connection growth is higher in emerging markets; the automotive and transport sector dominates cellular M2M
  • 10. Executive summary: Worldwide M2M connectivity will generate USD69 billion in revenue by 2023
  • 11. Key findings and implications
  • 12. Key findings and implications
  • 13. M2M device connections
  • 14. M2M device connections: Worldwide [1]
  • 15. M2M device connections: Worldwide [2]
  • 16. M2M device connections: Cellular versus non-cellular
  • 17. M2M device connections: Developed versus emerging markets
  • 18. Western Europe: Total and cellular M2M device connections
  • 19. Central and Eastern Europe: total and cellular M2M device connections
  • 20. North America: Total and cellular M2M device connections
  • 21. Latin America: Total and cellular M2M device connections
  • 22. Developed Asia-Pacific: Total and cellular M2M device connections
  • 23. Emerging Asia-Pacific: Total and cellular M2M device connections
  • 24. Middle East and North Africa: Total and cellular M2M device connections
  • 25. Sub-Saharan Africa: Total and cellular M2M device connections
  • 26. Vertical focus: Utilities, and automotive and transport
  • 27. Vertical focus: Utilities, and automotive and transport
  • 28. Utilities: Smart meter penetration will increase sharply in major markets
  • 29. Utilities: Smart electric meters constitute the largest share of the smart metering market
  • 30. Utilities: Cellular connectivity accounts for a small but growing share of the smart meter market
  • 31. Utilities: Key forecast trends, drivers and assumptions
  • 32. Utilities: Smart meters by region
  • 33. Utilities: Smart metering regional insight [1]
  • 34. Utilities: Smart metering regional insight [2]
  • 35. Automotive and transport: Penetration of connected passenger cars will increase rapidly
  • 36. Automotive and transport: Aftermarket opportunities will consist of UBI and track-and-trace in some markets
  • 37. Automotive and transport: Key forecast trends, drivers and assumptions
  • 38. Automotive and transport: The EMAP region will drive growth of new car sales
  • 39. Automotive and transport: Connected car regional insight [1]
  • 40. Automotive and transport: Connected car regional insight [2]
  • 41. M2M connectivity-related revenue and ARPC
  • 42. M2M connectivity-related revenue and ARPC
  • 43. M2M connectivity-related revenue
  • 44. M2M connectivity-related revenue: Developed and emerging markets
  • 45. Market definition and comparison with previous forecast
  • 46. Market definition
  • 47. Definition and description of key M2M applications [1]
  • 48. Definition and description of key M2M applications [2]
  • 49. Definition and description of key M2M applications [3]
  • 50. Definition and description of key M2M applications [4]
  • 51. Definition of geographical regions [1]
  • 52. Definition of geographical regions [2]
  • 53. Modifications to our updated forecast: 2014-2024 versus 2013-2023 [1]
  • 54. Modifications to our updated forecast: 2014-2024 versus 2013-2023 [2]
  • 55. About the author and Analysys Mason
  • 56. About the author
  • 57. About Analysys Mason
  • 58. Research from Analysys Mason
  • 59. Consulting from Analysys Mason

List of figures

  • Figure 1: Data included in this report
  • Figure 2: M2M device connections by type of network, worldwide, 2013-2024
  • Figure 3: M2M device connections worldwide, and share of connections in developed and emerging markets, 2013-2024
  • Figure 4: Cellular M2M device connections, worldwide, 2013-2024
  • Figure 5: M2M connectivity-related revenue and average revenue per connection (ARPC), by sector, worldwide, 2013-2024
  • Figure 6: M2M device connections by sector, worldwide, 2013-2024
  • Figure 7: M2M device connections by sector, worldwide, 2013-2024
  • Figure 8: Proportion of cellular and non-cellular M2M device connections, worldwide, 2013-2024
  • Figure 9: M2M device connections by market type, worldwide, 2013-2024
  • Figure 10: Total M2M device connections by sector, Western Europe, 2013-2024
  • Figure 11: Cellular M2M device connections by sector, Western Europe, 2013-2024
  • Figure 12: Total M2M device connections by sector, Central and Eastern Europe, 2013-2024
  • Figure 13: Cellular M2M device connections by sector, Central and Eastern Europe, 2013-2024
  • Figure 14: Total M2M device connections by sector, North America, 2013-2024
  • Figure 15: Cellular M2M device connections by sector, North America, 2013-2024
  • Figure 16: Total M2M device connections by sector, Latin America, 2013-2024
  • Figure 17: Cellular M2M device connections by sector, Latin America, 2013-2024
  • Figure 18: Total M2M device connections by sector, Developed Asia-Pacific, 2013-2024
  • Figure 19: Cellular M2M device connections by sector, Developed Asia-Pacific, 2013-2024
  • Figure 20: Total M2M device connections by sector, Emerging Asia-Pacific, 2013-2024
  • Figure 21: Cellular M2M device connections by sector, Emerging Asia-Pacific, 2013-2024
  • Figure 22: Total M2M device connections by sector, Middle East and North Africa, 2013-2024
  • Figure 23: Cellular M2M device connections by sector, Middle East and North Africa, 2013-2024
  • Figure 24: Total M2M device connections by sector, Sub-Saharan Africa, 2013-2024
  • Figure 25: Cellular M2M device connections by sector, Sub-Saharan Africa, 2013-2024
  • Figure 26: M2M device connections: automotive and transport, utilities and other verticals, worldwide, 2013-2024
  • Figure 27: Proportion of households with remote electric metering, by region, 2013-2024
  • Figure 28: Smart meter connections by type of meter, worldwide, 2013-2024
  • Figure 29: Cellular and non-cellular connections in electric smart metering, 2013-2024
  • Figure 30: Summary of forecast trends, drivers and assumptions for the M2M utilities market, worldwide, 2013-2014
  • Figure 31: Smart meter connections by region, worldwide, 2013-2024
  • Figure 32: Percentage of cars sold with embedded or tethered connectivity, worldwide, 2013-2024
  • Figure 33: Number of cars with embedded or tethered connectivity, worldwide, 2013-2024
  • Figure 34: Percentage of cars in use with aftermarket connectivity for UBI and vehicle tracking, worldwide, 2013-2024
  • Figure 35: Summary of forecast trends, drivers and assumptions for the M2M automotive market, worldwide, 2013-2014
  • Figure 36: New car sales by region, worldwide, 2013 and 2024
  • Figure 37: Passenger cars in use by region, worldwide, 2013 and 2024
  • Figure 38: M2M connectivity-related revenue and average revenue per connection (ARPC), by sector, worldwide, 2013-2024
  • Figure 39: M2M connectivity-related revenue by sector, worldwide, 2013-2024
  • Figure 40: M2M connectivity-related revenue, by market type, 2013-2024
  • Figure 41a-d: Summary of industry sectors and definitions of key M2M applications included in the forecast
  • Figure 42: Regional breakdown used in this report
  • Figure 43: Regional breakdown used in this report
  • Figure 44a-b: Revisions to our M2M forecast
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