London, 03 July 2015 – Technavio has published a new report on the global mobile M2M module market, which is expected to grow at a CAGR of almost 21% from 2015-2019.
About the Report
The latest Technavio report highlights the implementation of Internet of Things (IoT), which is increasing significantly in developed regions like North America and Western Europe and in countries such as China, South Korea, and Singapore.
“With the rise in the implementation of connected services, there is also an increase in the shipment and demand for mobile M2M modules,” says Faisal Ghaus, Vice President of Technavio.
The latest Technavio report also emphasizes the depreciating value of cellular M2M radio modules over the years, which is leading to a significant decline in M2M applications in the M2M industry.
“Despite of the declining prices, there is a predominant increase in the demand for cellular modules in the automotive segment. It is expected that about 35-40 million cellular modules will be shipped to the automobile sector in the coming years,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the global mobile M2M module market from 2015-2019. To calculate the market size, we considered the revenue generated from the annual sales of mobile M2M modules and M2M modules running on 2G, 3G, and LTE technologies.
Key Information Covered in the Report:
Key Vendors:
- Gemalto NV
- Sierra Wireless Inc.
- Telit Wireless Solutions
Market Growth Drivers:
- Growing Popularity of Connected Services
- For a full detailed list, view our report.
Market Challenges:
- Complexity in Integration of M2M Devices
- For a full detailed list, view our report.
Market Trends:
- Decline in Module Price
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
