New Report on the U.S. M2M & IoT Market Highlights Key Applications Poised for Growth over the Next Two Years.
Compass Intelligence is proud to announce the release of its latest report on the U.S. M2M & IoT Market. This new report, authored by Keith Robinson & Lavanya Rammohan provides a semi-annual forecast for the market up to 2016.
The U.S. Market for M2M & IoT reached 39.9 million cellular connections in Q2 2014 and it is expected to grow to 51.7 million connections by the end of 2016 at a semi-annual growth rate of 5.3 percent. The revenues for these connections are expected to grow from $1.43 billion in Q2 2014 to $1.54 billion at the end of 2016 with a semi-annual growth rate of 1.4 percent.
The market for M2M and IoT has long been the focus of investment from the mobile network operators. Over the years, an ecosystem of MVNOs have created a niche for themselves in different application areas. Hype in the market has been high and the focus has been on the number of M2M/IoT connections. The investment community has been excited about the tremendous connection growth but now the conversation has shifted to “Where is the money?”
With this report, Compass Intelligence looks to answer the questions of not just the number of connections for M2M and IoT, but which applications are generating revenues today and over the next 2 years. In addition, Compass Intelligence provides market share for each application. This study will provide guidance on which application markets are driving the greatest amount of revenue potential.
“For those that spend a considerable amount of time with the investment community, the practice of just counting connections in the M2M/IoT world is becoming stale”, states Keith Robinson, Head of M2M/IoT Research Track at Compass Intelligence.
“Wall Street wants to know where the actual revenue value in the M2M/IoT market is and not inflated data which is the size of some GDP’s.”
This report is part of the M2M, IoT & Connected Devices Research Track at Compass Intelligence. In an effort to provide accurate information about the state of applications in M2M & IoT, Compass Intelligence plans to produce connections, revenues, and market shares on a semi-annual basis. In addition, in early 2015, Compass Intelligence plans to update this data to include information from Global MNOs and MVNOs.
Highlights from the M2M & IoT report:
- The report provides details on key market participants in the M2M & IoT market. Some highlights include:
- Number of cellular connections for M2M & IoT by application
- Breakdown of cellular connections by business applications and consumer applications
- Revenues for M2M & IoT by application
- Breakdown of revenues by business applications and consumer applications
- Market share by MNOs and MVNOs by application
The business applications that are broken out include: Fixed Asset Tracking, Portable Asset Tracking, Aftermarket Telematics- UBI, Aftermarket Telematics- BHPH, Aftermarket- Others, Fleet Tracking, Smart Grid, Commercial Security & Surveillance, Medical Devices & Equipment, Building Automation, Industrial Automation, Vending, PoS, Transaction Terminals, Digital Signage, and Others.
The consumer applications that are broken out include: OEM Telematics, Connected Home & Alarm Monitoring, mHealth, AMIs & Smart Meters, eReaders, PNDs & Other Consumer Devices, Consumer Asset Tracking, Aftermarket Telematics- Other, and Aftermarket Telematics- UBI.
To learn more about our M2M, IoT & Connected Devices Research Track, please visit: http://www.compassintelligence.com/?q=research/m2m-iot-connected-devices.