Analysys Mason: M2M connections to flourish in Enterprise, Utility & Automotive domains

posted Jun 28, 2012, 3:53 PM by Bruce P. D'Sena
Market research firm Analysys Mason now predicts that machine-to-machine (M2M) device connections worldwide will grow by a factor of 20 in the next ten years. Increasing from 100.4 million in 2011 to 2.1 billion in 2021, the industry is set to grow at a CAGR of up to 50 percent in some sectors. 

Worldwide connections attributed to developed markets will decline from 69 percent in 2011 to 59 percent in 2021. Similarly, developed markets’ share of worldwide revenue will also decline from its current level of 76 percent to 64 percent in 2021.The penetration of M2M connections as a percentage of overall population is predicted to grow from 5% to 86% by 2021.

Quite predictably, the utility sector solutions will account for 61 percent of worldwide M2M device connections by 2021, growing at a CAGR of 50 percent. Fixed line M2M connections are on the decline vs. the rising use of mobile M2M in the Enterprise. The highest share of connectivity-related revenue by 2021 (43%) is predicted to be in the Automotive sector, driven by the increasing adoption of consumer connected car solutions.