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Ovum's Cellular Machine-to-Machine (M2M) Forecasts: 2016–21 is an Excel spreadsheet that provides quantitative information on cellular M2M connections, service provider revenue by industry vertical, and service provider revenue by service layer, as well as wireless carrier service revenue.


  • The number of cellular M2M connections will increase to 733 million by 2021, at which point $67bn will be generated in total annual service revenue. Cellular connections represent the most valuable individual connected assets, as well as points of concentration for local-area devices.
  • Ovum’s M2M projections are based on a meticulous and granular analysis of actual growth trends. It represents a realistic future for the role of cellular M2M. There remains no "hockey stick" growth but – more importantly – stable and steady growth, at a CAGR of 15.5% (2015–21).
  • M2M characteristics are fundamentally different from consumer services and need to be judged differently: M2M is a market of incremental, cumulative, long-term business partnerships. Hype is irrelevant and damaging. Cellular M2M is based on carefully considered up-front business propositions and grows organically when it is appropriate to do so.

Features and Benefits

  • Analyzes cellular M2M connection growth from 2013 to 2021 for: 67 national markets, seven "rest-of" regions, eight subregions, four supra-regions, and the global market.
  • Evaluates industry vertical splits for M2M connections and M2M service revenue from 2013 to 2021 for eight subregions, four supra-regions, and the global market.
  • Evaluates service-layer splits for M2M service revenues from 2013 to 2021 for the global market.

Key questions answered

  • What is the potential for cellular M2M connection and revenue growth?
  • How much value can wireless carriers take from the cellular M2M market?
  • How does the cellular M2M market break down within each region by industry vertical – and what are those verticals?
  • How does the cellular M2M market breakdown globally by each of the four service layers: network, managed connectivity, integration, and application development?
  • How is the cellular M2M market really looking to unfold, irrespective of the industry hype?

Table of contents


  • Introduction
  • Download 1: Cellular Machine-to-Machine (M2M) Forecast: 2016–21

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