The machine-to-machine (M2M) communications market is expected to grow at a CAGR of %, thereby taking the market revenue from INR115.8 crores in FY 2014 to INR453.3 crores in FY 2020. The growth is mainly attributed to the vehicle tracking solution, which is finding an increased usage in retail, logistics, automotive and healthcare industries.
Emerging applications, such as user-based insurance (UBI) in the automotive vertical, are expected to boost M2M deployments. Video applications for fleet management solutions will delay the decline in data average revenue per user (ARPU) in this vertical.
M2M solutions in the utilities vertical will play an important role in the development of smart metering solutions. This vertical is currently a low-data business for operators, as it is mainly based on monitoring.
The M2M ecosystem is complex, with the chipset and module vendors, device OEMs, application providers, system integrators, TSPs, and other types of industry participants co-existing to provide various solutions to M2M customers.
Leading operators, such as Bharti Airtel and Vodafone, have made significant investments in developing their M2M portfolio to include diversified solutions, such as telematics, asset management, location tracker and smart metering.
About this report
The decrease in average revenue per user for conventional mobile services has made the telecom service providers find new means to enhance their revenue potential and profit margin. M2M communications is a new avenue that helps service providers garner more revenue by addressing vertical-specific M2M needs. With the proliferation of the Internet of Things, M2M solution has become a necessity and is here to stay. In this research service, an overview of the Indian M2M market revenue and forecast has been provided. Moreover, M2M technology evolution and potential applications for 6 different verticals have been examined. A snapshot of sub-products has been provided.
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