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M2M device connections and revenue: worldwide forecast 2014–2024

Michele Mackenzie Principal Analyst, Research

The automotive and transport sector represents the biggest opportunity for cellular connectivity, and fleet management is a relatively mature M2M market for which the ROI has been proved.

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%. The security sector accounts for 18% of connections in 2013, and is forecast to grow strongly over the forecast period.



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 sectors, including automotive and transport, security and utilities
  • assumptions underpinning the growth trajectory for each region
  • our latest research and assumptions on the security sector, and the fleet management and digital signage applications
  • 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 33 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.

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