Machine-to-machine (M2M) connections will grow from 368 million in 2014 to 2.1 billion by 2022 – driven by Asia Pacific, said Strategy Analytics.

75 percent of new M2M connections will be on 3G or faster networks by 2022. 3G and 4G will grow to 75 percent of all connections by 2022, said Strategy Analytics.

Berg Insight in August 2014 said the share of cellular M2M devices connected to HSPA/LTE networks will more than double from less than 20 percent in 2014 to more than 50 percent by 2018. 3G/4G is expected to overtake 2G in 2017 in device shipments. The report said that HSPA will be the largest technology in an intermittent period until the current price gap to LTE has been closed.

Steffen Sorrell of Juniper Research says M2M will be a big opportunity for chip vendor Qualcomm, The company holds significant IP in 3G and to a lesser extent, LTE. Every 3G / LTE module supplies royalties to Qualcomm and, as some 500 million M2M devices are expected to be cellular-connected by 2018.

Strategy Analytics said Asia Pacific region will account for 55 percent of cellular M2M connections by 2022, followed by Western Europe and North America.

Smart metering deployments in China continue to grow significantly. Smart metering is expected to remain one of the major areas for M2M growth globally, particularly in Europe and Asia.

Healthcare, Smart Metering and Utilities, Consumer Electronics and Smart Home will be the largest markets in 2015, with each of these segments posting double digit percentage compound annual  growth rates (CAGR) ranging from 18 percent (smart metering/utilities) to nearly 29 percent (Home automation) between 2014 and 2022. Other markets such as vehicles and retail will also grow well over the forecast period.

Installed high bandwidth connections in the Transportation market will post a CAGR of 32.7 percent from 2010 to 2022. High bandwidth connections in the Transportation sector will increase from 300,000 in 2015 to 2.6 million by 2022.

Baburajan K
[email protected]