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Machine-to-machine (M2M) represents a strong growth market across various industry segments. The market will grow to 3.4 billion connections worldwide by 2024, at a CAGR of 19%. Security and fleet management represent significant growth areas. This report presents the update to our forecasts for M2M connections and revenue worldwide.

This report presents our detailed 10-year worldwide forecast of:
- machine-to-machine (M2M) device connections
- M2M connectivity-related average revenue per connection (ARPC)
- M2M connectivity-related revenue.
- This iteration of the forecast incorporates our latest research and assumptions on the fleet management and digital signage applications areas, as well as the security sector.
The latter is one of the largest sectors, accounting for 18% of M2M connections worldwide in 2013.

The forecast data covers:
- eight industry sectors and 33 M2M applications (not including ‘other’) within those sectors, which are also split into commercial and residential applications
- total cellular and non-cellular M2M connections, revenue and ARPC.
- This report is based on several sources: regulator reports, network operator reports, and operator and vendor insights, as well as Analysys Mason’s regional forecasts.


Table Of Contents

The M2M device connections and revenue: worldwide forecast 2014-2024
Contents
7.Executive summary and key findings
8.Executive summary
9.Executive summary: The number of M2M device connections worldwide will grow to 3.4 billion in 2024
10.Executive summary: Three sectors will account for more than 90% of connections from 2014 onwards
11.Executive summary: Worldwide M2M connectivity will generate USD68 billion in revenue by 2024
12.Key findings and implications
13.M2M device connections
14.Worldwide: Connections will grow to 3.4 billion by 2024, driven by the huge increase in smart metering in most regions
15.Worldwide: Cellular technologies will be increasingly deployed and will constitute 44% of the market by 2024
16.Worldwide: Developed markets' share of connections will decrease gradually as M2M services gather momentum in emerging markets
17.Central and Eastern Europe: Security is driving overall M2M growth
18.Developed Asia-Pacific: Automotive and transport was the largest sector in 2013 because of the slow roll-out of smart metering
19.Emerging Asia-Pacific: Driven by growth in China, EMAP is already the largest M2M market
20.Latin America: Automotive and transport was the largest sector in 2013, but by 2024 utilities will constitute 47% of connections
21.Middle East and North Africa: The market will grow at a CAGR of 29% and increase to 92 million connections
22.North America: Smart metering is a relatively mature market in this region, but is still set to grow at a 15% CAGR
23.Sub-Saharan Africa: More-advanced economies such as Nigeria and South Arica will drive growth in M2M
24.Western Europe: This region is one of the more mature M2M markets, but will still grow at a 16% CAGR over the forecast period
25.Sector and application focus: Security, fleet management and digital signage
26.Security, fleet management and digital signage: Security's share of worldwide M2M connections will decline from 18% in 2013 to 9% in 2024
27.Security: Commercial and residential alarms constitute the largest application for connectivity in the security sector
28.Security: Cellular connections are growing as demand for secondary connectivity increases
29.Security: Key forecast trends, drivers and assumptions
30.Fleet management: The LCV market presents the greatest opportunity for growth
31.Fleet management: Regional analysis for developed markets
32.Fleet management: Regional analysis for emerging markets
33.Fleet management: Key forecast trends, drivers and assumptions
34.Digital signage: This is a niche market, but has good growth potential
35.Digital signage: Key forecast trends, drivers and assumptions
36.M2M connectivity-related revenue and ARPC
37.M2M connectivity-related revenue and ARPC
38.Market definition and comparison with previous forecast
39.Comparison with previous forecast and calibration with regional forecasts
40.Summary of revisions to the forecast
41.Market definition
42.Industry sector and M2M application definitions [1]
43.Industry sector and M2M application definitions [2]
44.Industry sector and M2M application definitions [3]
45.Definition of geographical regions [1]
46.Definition of geographical regions [2]
47.About the author and Analysys Mason
48.About the author
49.About Analysys Mason
50.Research from Analysys Mason
51.Consulting from Analysys Mason

List of figures

Figure 1: Forecast data coverage
Figure 2: M2M device connections by network type, worldwide, 2013-2024
Figure 3: M2M device connections by sector, worldwide, 2013-2024
Figure 4: M2M connectivity-related revenue and average revenue per connection (ARPC), by sector, worldwide, 2013-2024
Figure 5: M2M device connections by sector, worldwide, 2013-2024
Figure 6: Proportion of M2M device connections by network type, worldwide, 2013-2024
Figure 7: M2M device connections by market type, worldwide, 2013-2024
Figure 8: M2M device connections by sector, Central and Eastern Europe, 2013-2024
Figure 9: Cellular M2M device connections by sector, Central and Eastern Europe, 2013-2024
Figure 10: M2M device connections by sector, Developed Asia-Pacific, 2013-2024
Figure 11: Cellular M2M device connections by sector, Developed Asia-Pacific, 2013-2024
Figure 12: M2M device connections by sector, Emerging Asia-Pacific,2013-2024
Figure 13: Cellular M2M device connections by sector, Emerging Asia-Pacific, 2013-2024
Figure 14: M2M device connections by sector, Latin America, 2013-2024
Figure 15: Cellular M2M device connections by sector, Latin America,2013-2024
Figure 16: M2M device connections by sector, Middle East and North Africa, 2013-2024
Figure 17: Cellular M2M device connections by sector, Middle East and North Africa, 2013-2024
Figure 18: M2M device connections by sector, North America, 2013-2024
Figure 19: Cellular M2M device connections by sector, North America,2013-2024
Figure 20: M2M device connections by sector, Sub-Saharan Africa, 2013-2024
Figure 21: Cellular M2M device connections by sector, Sub-Saharan Africa, 2013-2024
Figure 22: M2M device connections by sector, Western Europe, 2013-2024
Figure 23: Cellular M2M device connections by sector, Western Europe, 2013-2024
Figure 24: M2M device connections by sector, worldwide, 2013-2024
Figure 25: M2M device connections in the security sector by region, worldwide, 2013-2024
Figure 26: M2M device connections in the security sector by application, worldwide, 2013-2024
Figure 27: Proportion of M2M device connections in the security sector by network type, worldwide, 2013-2024
Figure 28: Summary of forecast trends, drivers, barriers and assumptions for the M2M security market, worldwide, 2013-2014
Figure 29: Fleet management M2M device connections by region, worldwide, 2013-2024
Figure 30: Fleet management M2M device connections by vehicle type, worldwide, 2013-2024
Figure 31: Summary of forecast trends, drivers, barriers and assumptions for the M2M fleet management market, worldwide, 2013-2014
Figure 32: Digital signage M2M device connections by category, worldwide, 2013-2024
Figure 33: Summary of forecast trends, drivers, barriers and assumptions for the M2M digital signage market, worldwide, 2013-2014
Figure 34: M2M connectivity-related revenue and average revenue per connection (ARPC), by sector, worldwide, 2013-2024
Figure 35: M2M device connections, July 2014 and November 2014 forecasts, worldwide, 2013-2024
Figure 36: Cellular M2M device connections, July 2014 and November 2014 forecasts, worldwide, 2013-2024
Figure 37: Revisions to our M2M forecast
Figure 38a-c: Industry sectors and M2M applications included in the forecast
Figure 39: Regional breakdown used in this report
Figure 40: Regional breakdown used in this report

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