The global mobile machine-to-machine (M2M) module market will accelerate more noticeably in 2015, and ultimately to nearly triple to $4.5 billion by 2018, according to a new report from technology research firm Infonetics Research.
M2M and the Internet of Things (IoT) “are transforming industries and creating tremendous opportunities for mobile M2M module vendors around the world," John Bryne, directing analyst for M2M and IoT at Infonetics, said in a statement. "The market will account for $1.6 billion in sales this year, driven by M2M services reported by customers of tier 1 mobile operators."
The report, Mobile M2M Modules, says M2M module unit shipments are dominated by 2G today. But soon 3G will rule the revenue opportunity with the shift toward broadband technologies, and 4G will emerge as the fastest-growing technology segment in terms of percentage of units.
The transport segment is the largest and most important vertical sector, driven by connected car deployments. Spurred on by regulatory smart grid investments, the utility segment is seeing strong growth that’s expected to continue through at least 2018, as European and Asian countries scurry to meet government mandates, the report says.
The report provides worldwide and regional market size, market share, forecasts, analysis and trends for mobile M2M modules by technology and vertical.
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