M2M connections forecasted to grow from 368M in 2013 to 2.9B by 2022

Strategy Analytics has predicted machine-to-machine (M2M) connections will grow from 368 million in 2013 to 2.9 billion by 2022. Of those connections, 78 percent will be on 3G or faster networks by 2022. Other anlysis points disclosed by Strategy Analytics include: Key factors such as M2M platform evolution, application and analytics developments, regulation as well as the creation of new business opportunities and avoiding obsolescence are all factors driving M2M to an expected growth in connections of 23 percent CAGR growth between 2013 and 2022. M2M service platforms that increasingly support connectivity, as well as application development for building “turnkey” customer solutions, remain critically important in offering affordable solutions. Regulations remain a driver of M2M, with the Affordable Care Act (ACA, “Obamacare”), eCall compliance in 2015, and the European Energy and Efficiency Directive all helping to drive M2M deployments going forwards. “Regulation has always been a key driver pushing M2M forward, whether it’s the emergence of the ACA (“Obamacare”), or smart metering initiatives in Europe or China,” said Andrew Brown, Director of Enterprise and M2M research at Strategy Analytics and author of the study. “However, it is also the investment from industrial giants like GE and pressure from “kick-starter-funded” companies pursuing “over-the-top” ini...