The number of cellular M2M connections in the retail industry reached 10.3 million worldwide in 2011, according to a new research report from Berg Insight
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. Berg Insight forecasts that the number of cellular M2M connections in the global retail industry will grow at a compound annual growth rate (CAGR) of 21.6 percent during the next six years to reach 33.2 million connections in 2017. Shipments of cellular M2M devices for retail applications will at the same time increase at a CAGR of 10.7 percent from 5.2 million units in 2011 to 9.6 million units in 2017.