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."
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