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M2M and IoT Markets
Godfrey Chua, Principal Analyst
Machina Research
Security of Things Forum Cambridge, MASeptember 2015
M2M connections will grow from 5 billion in 2014 to 27 billion in 2024
• Machina Research defines M2M as “Connections to remote sensing, monitoring and actuating devices, together with associated aggregation devices”
• Based on this definition there were 5 billion M2M connections in 2014 and there will be 27 billion in 2024, a CAGR of 18%
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Global machine-to-machine connections 2014-24Source: Machina Research 2015
Note: in this edition our Global M2M report, as in the previous editions, we have included in-building network infrastructure within our definition of M2M. As such, devices such as residential modems/ routers are included.
Short-range technologies will dominate M2M
• Over two-thirds of connections in 2024 will be short range (e.g. in-building PLC, WiFi, Zigbee, Z-Wave)
• 14% of connections in 2024 will be LPWA, driven by the simplicity of deployment
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Global M2M connections 2014-2024 by technologySource: Machina Research 2015
Wide area M2M connections will be dominated by LPWA technologies
• By 2024, almost half of wide area M2M connections will be supported by LPWA technologies
• LPWA technologies are attractive due to:o ease of deployment
o homogeneity of solution
o low price and long battery life
• Cellular connections account for almost one-third because as well as the first two benefits they also deliver high capacity and mobility
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Wide area M2M connections by technology, 2014-24Source: Machina Research 2015
M2M accounted for 4% of cellular connections in 2014, rising to 18% in 2024
• At the end of 2014 there were over 250 million cellular M2M connections
• By 2024 M2M’s share of cellular connections will have increased to nearly 1 in 5
• M2M accounts for nearly half of the growth in cellular connections from 2014-24
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Machine-to-machine’s share of cellular connected devices, 2014-2024Source: Machina Research 2015
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
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3
6
9
12
15
Handset/Tablet PC/Laptop
M2M % M2M
Connected Car will account for 52% of cellular connections in 2024
• The top application groups for cellular connections will be:o Connected Car
o Connected Living and Working
• The Connected Car is top because it needs features only cellular can provide:o Comprehensive coverage
o High-speed mobility
o High bandwidth
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Machine-to-machine cellular connections by biggest applications, 2024Source: Machina Research 2015
M2M and IoT solutions are complex and made up of several components
Devices
Networks
Platforms
Internet of Things
Connected things, products, systems, applications, etc.
Security
Storage
ApplicationsData Processing
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M2M and IoT SECURITY must encompass all components
Devices
Networks
Platforms
Internet of Things
Connected things, products, systems, applications, etc.
Security
Storage
ApplicationsData Processing
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Security is a top of mind concern
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Source: Xively and Machina Research Survey 2015
Some key elements in security
• Data security and privacy
• Lightweight device controllers
• Firmware security updates
• Pervasiveness
• Passwords (and the human element)
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Key considerations in security
• Must be built into the business case
o Align security efforts with business value
• Partner collaboration is essential
o Overall solution security is only as strong as the weakest link
• Contingency planning
o Is 100% security truly possible?
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