Petroc Taylor
Research expert covering global developments in the use of data
Get in touch with us nowM2M (machine-to-machine) total industry size 2013-2022
The statistic shows a forecast for the M2M (machine-to-machine) industry worldwide from 2013 to 2022. In 2013, the global M2M industry had a size of around 45 billion U.S. dollars and is forecast to reach 200 billion U.S. dollars, at a CAGR of 18 percent.
Machine-to-Machine industry size - additional information
Machine-to-machine (M2M) refers to technology that allows wireless and wired systems to communicate with other devices of the same type. Modern M2M communication has expanded far beyond a one-on-one connection and has developed into a system of networks that can transmit data to personal appliances. The value of connecting people from all over the world in one network has been recognized by many industries and M2M is now used in sectors such as agriculture, the military, government, and the health sector.
The service revenue generated by the global machine-to-machine market stood at 45 billion U.S. dollars in 2013 and is expected to rise to almost 200 billion within the next decade. Of the revenue forecast for 2018, some 8 billion will be generated in the healthcare segment and a further 7.1 billion U.S. dollars in the manufacturing industry.
Machine-to-machine connections on mobile phones allow the transmission of mobile data between devices on a cellular network. There were almost 195 million M2M connections worldwide in 2013, an increase from the 75 million in 2010. 42 percent of these connections in 2013 were located in Asia and a further 27 percent were in Europe. North America generated 18 percent of the connections, a decrease from the 25 percent it produced in 2010. Sweden was the country with the highest percentage of M2M connections in 2013 as over 23 percent of all of the country’s overall connections were machine-to-machine. In contrast, the figure in the United States stood at 9.2 percent of all connections and in the United Kingdom it was 7.8 percent.
Machine-to-Machine industry size - additional information
Machine-to-machine (M2M) refers to technology that allows wireless and wired systems to communicate with other devices of the same type. Modern M2M communication has expanded far beyond a one-on-one connection and has developed into a system of networks that can transmit data to personal appliances. The value of connecting people from all over the world in one network has been recognized by many industries and M2M is now used in sectors such as agriculture, the military, government, and the health sector.
The service revenue generated by the global machine-to-machine market stood at 45 billion U.S. dollars in 2013 and is expected to rise to almost 200 billion within the next decade. Of the revenue forecast for 2018, some 8 billion will be generated in the healthcare segment and a further 7.1 billion U.S. dollars in the manufacturing industry.
Machine-to-machine connections on mobile phones allow the transmission of mobile data between devices on a cellular network. There were almost 195 million M2M connections worldwide in 2013, an increase from the 75 million in 2010. 42 percent of these connections in 2013 were located in Asia and a further 27 percent were in Europe. North America generated 18 percent of the connections, a decrease from the 25 percent it produced in 2010. Sweden was the country with the highest percentage of M2M connections in 2013 as over 23 percent of all of the country’s overall connections were machine-to-machine. In contrast, the figure in the United States stood at 9.2 percent of all connections and in the United Kingdom it was 7.8 percent.
