machine to machine (m2m) market update
DESCRIPTION
Machine to Machine (M2M) Market is poised to grow after a slower than anticipated growth in 2012. Telematics ( OEM, After Sales and Commercial) is identified as one of the highest growth markets. The market is expected to grow from $9.8 billion in 2013 to $24 billion in 2017, growing at an estimated CAGR of 25.10% from 2013 to 2017. In retail, fields of application within the industry are for example POS (point of Sale) terminals, ATMs, vending machines, parking meters and fare collections devices. Mobile health is expected to grow at the highest CAGR of 39.88% during the same period.TRANSCRIPT
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Machine To Machine(M2M) Market Updates
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Global M2M Market
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Global Machine To Machine ( M2M) Market
The figure above shows global M2M market value ( $ billion) and total installed volume(million units) from 2013 to 2017. The market revenue is expected to grow from $40.9 billionin 2013 to $89.2 billion, growing at an estimated CAGR of 21.5%. The volume shipment isexpected to grow from 175 million units (2013) to 415 million units (2017), at a CAGR of24.1%.
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North America Europe APAC RoW
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M2M Market Revenue By Geography
Asia Pacific accounted for the largest market share in terms of global M2M marketrevenue, generating $13.9 billion in 2013. The APAC region is expected to grow at anestimated CAGR of 23.5% from 2013 to 2017. Europe is expected to double up its revenuefrom $11 billion in 2013 to $22.7 billion in 2017, growing at an estimated CAGR of 19.7%during the same period.
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Consumer Electronics
Telematics Utilities Retail mHealth Security
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M2M Market Revenue By Application
Telematics ( OEM, After Sales and Commercial) is identified as one of the highest growthmarkets. The market is expected to grow from $9.8 billion in 2013 to $24 billion in2017, growing at an estimated CAGR of 25.10% from 2013 to 2017. In retail, fields ofapplication within the industry are for example POS terminals, ATMs, vendingmachines, parking meters and fare collections devices. Mobile health is expected to grow atthe highest CAGR of 39.88% during the same period.
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