Ovum’s latest forecasts show that cellular machine-to-machine (M2M) connections (not including NB-IoT) will reach 733 million globally by 2021. Ovum predicts that total cellular M2M service revenues will reach a global annual total of $67bn in 2021.
The greatest value contributions will come from Asia & Oceania, North America and Western Europe, worth US$ 22bn, US$ 16bn and US$14bn, respectively. Many wireless carriers will attempt to maximize their revenue opportunity by extending themselves beyond connectivity, to which end Ovum also forecasts the proportion of revenue that carriers can expect from the various M2M service layers.
