Mobile M2M Will Generate $67 Billion in 2021 Revenue, Ovum Predicts
Mobile machine-to-machine (M2M) connections (not including NB-IoT) will reach 733 million globally by 2021, researchers at Ovum predict. That will drive total mobile M2M service revenues to a global annual total of $67 billion in 2021.
Global mobile M2M connections will reach 733 million in 2021, about 8.1 percent of all mobile connections, up from 4.2 percent in 2015.
Between 2017 and 2021, total M2M service revenues will grow at a compound annual growth rate of 13.3 percent.
The biggest revenue contributions will come from Asia/Oceania, North America and Western Europe.
The Asia/Oceania market will generate US$ 22 billion, North America will represent US$ 16 billion and Western Europe will create US$14 billion in revenue.
Of all current generations, LTE will be dominant in the long term, accounting for 212 million connections in 2021, Ovum predicts.