Friday, 16 January 2015

Infonetics: Mobile M2M Module Market to Grow Nearly Three-fold to $4.5 Billion by 2018

CAMPBELL, CA, Jan 15, 2015 (Marketwired via COMTEX) -- Technology market research firm Infonetics Research, now part of IHS Inc. IHS, +0.45% today released excerpts from its latest Mobile M2M Modules report, which provides market share, market size, forecasts, analysis and trends for mobile machine-to-machine (M2M) modules by technology, vertical and region.
"Machine-to-machine (M2M) and the Internet of Things (IoT) are transforming industries and creating tremendous opportunities for mobile M2M module vendors around the world," said John Byrne, directing analyst for M2M and IoT at Infonetics Research. "The market will account for $1.6 billion in sales this year, driven by M2M services reported by customers of tier 1 mobile operators."
"Infonetics is forecasting the global mobile M2M module market to accelerate more noticeably in 2015, and ultimately to nearly triple to $4.5 billion by 2018," Byrne added.
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