Far East and China region will account for 22 percent of global cellular M2M connections by 2019 against 15 percent in 2014, said Juniper Research.
China’s major carriers, particularly in smart metering and connected cars, will account for the increase in connected devices in China. Juniper Research said traditional M2M markets in North America and Western Europe will retain the majority of connected device revenues.
China Telecom, China Unicom and China Mobile, as part of their M2M business, are providing end-to-end solutions, supported by systems integration and dedicated charging policies.
State Grid Corporation of China’s plan to spend $68.7 billion in smart grid technologies this year is aiding the M2M growth. In the case of smart metering, the average revenue generated per device is constrained by complexity in deployment as well as a lack of a clear business model.
Increasing interest in ‘white space’ spectrum would in turn enable the number of M2M modules to proliferate, due to the lower cost and power requirements of modules designed to function in this spectrum, said research author Anthony Cox at Juniper Research.
The telecom analysis report said the global M2M sector will deliver service revenues of over $40 billion by 2019.
M2M in agriculture is increasing in importance for monitoring farm animals and increasing productivity through precise field-mapping. M2M will increasingly form the backhaul infrastructure necessary for emerging Internet of Things applications, said Juniper Research.