Mobile network operators are investing in infrastructure that enables the delivery of Internet of Things (IoT) service offerings. They're also establishing relationships with leading technology vendor partners -- to create a viable ecosystem that will attract software application developers. Cellular machine-to-machine (M2M) connections will reach 733 million globally by 2021, according to the latest worldwide study by Ovum. Moreover, they also have forecast that total cellular M2M service revenues will reach a global annual total of $67 billion in 2021. Ongoing M2M Market Development The greatest revenue contributions will come from three key regions across the globe -- Asia-Pacific ($22 billion), North America ($16 billion) and Western Europe ($14 billion). Many wireless service providers will maximize their revenue opportunity by extending beyond connectivity, therefore Ovum also includes the proportion of revenue from the M2M service layers. Their forecast has identifie...
TMT Market Research and Analysis