The global mobile M2M module market will account for $1.6 billion in sales this year, according to Mobile M2M Modules report by Infonetics Research. Infonetics is also forecasting the market to nearly triple to $4.5 billion by 2018. Mobile M2M modules are seeing increased deployments as more devices and appliances across various sectors are becoming connected to the internet via wireless connectivity, enabling users to manage, monitor and control these devices and appliances remotely and in real-time.
According to Infonetics, M2M & IoT are transforming industries and creating tremendous opportunities for mobile M2M module vendors around the world with the transport segment being the largest and most important vertical sector, driven by connected car deployments. Infonetics added that 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.
- Spurred on by regulatory smart grid investments, the utility segment is seeing strong growth that is expected to continue through at least 2018, as European and Asian countries scurry to meet government mandates. Infonetics added that Gemalto/Cinterion, Sierra Wireless, and Telit continue to dominate the M2M module market, together accounting for nearly 2/3 of total market revenue.