|[February 04, 2014]
Research and Markets: The Installed Base of Cellular M2M Devices in the Retail Industry to Reach 33.3 Million by 2018
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/3ngbwc/retail)
has announced the addition of the "Retail
Applications and Wireless M2M - 3rd Edition" report to their
The number of cellular M2M connections in the retail industry reached
18.4 million worldwide in 2013, according to this new research report.
Cellular M2M technology enables devices such as POS terminals, ATMs and
ticketing machines to be used at new locations where fixed line
connectivity is unavailable or impractical. The technology has a more
transformational effect on markets such as vending and parking, where
machine operators need to reorganize their operations in order to
benefit from the availability of real-time information.
The author forecasts that the number of cellular M2M connections in the
global retail industry will grow at a compound annual grwth rate (CAGR)
of 12.6 percent during the next five years to reach 33.3 million
connections in 2018. Shipments of cellular M2M devices for retail
applications will at the same time increase at a CAGR of 6.5 percent
from 6.6 million units in 2013 to 9.1 million units in 2018. POS
terminals constitute the largest device segment and accounted for almost
90 percent of all cellular M2M connections in the retail industry at the
end of 2013.
The market for wirelessly connected POS terminals is however relatively
mature, and most of the market growth is driven by the increasing use of
electronic payments in emerging markets. In contrast to this, the
adoption of cellular connectivity is still in a very early stage in the
vending machine market. Only 7.4 percent of the 6 million vending
machines in North America are connected and similarly just 2.9 percent
of the 3.8 million vending machines in Europe are connected. Vending is
the largest untapped market for wireless M2M in the retail industry says
Lars Kurkinen, Senior Analyst, Berg Insight. He adds that the North
American market has recently entered a strong growth phase and is
forecasted to reach 1.14 million connected vending machines by 2018.
Europe is expected to enter a similar growth phase during 2014-2015,
which will drive the number of connected vending machines to 0.4 million
units by 2018. Every vending machine will eventually be connected, but
costs for the wireless M2M hardware and subscriptions still need to come
down significantly before this vision becomes reality, Mr Kurkinen
For more information visit http://www.researchandmarkets.com/research/3ngbwc/retail.
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