Mind Commerce sees total M2M related revenue growing from $37.9B USD in Year 2014 to $102.3B USD in Year 2019 with a CAGR of twenty-two percent.
The top industry sectors by revenue through 2019 are expected to be healthcare, manufacturing, and energy.
The three are verticals are anticipated to accrue $10.6B USD, $9.2B USD, and $8.5B USD respectively in year 2019. This represents a share of 19.2%, 16.6%, and 15.4% respectively.
Mind Commerce recommends that mobile operators focus on these key sectors for three important reasons, which are in priority order:
(1) These are the largest sectors from a service provider revenue contribution perspective,
(2) These are sectors that mobile operators already have important business relationships in terms of enterprise mobility customers,
and (3) Mobile operators are anticipated to leverage their relationships with enterprise customers in these sectors to offer bundled M2M and LTE/LTE-A (voice and data) service plans for employees, thus preserving mobile operator core revenue streams in these market verticals.