Embedded mobile M2M modem market on track to more than triple in 2010
Published on: 5th Oct 2010
Note -- this news article is more than a year old.
Worldwide revenue for embedded mobile modems for M2M applications is forecast to more than triple in 2010 over 2009, and to continue growing strongly through at least 2014, at a 66% compound annual growth rate (CAGR), according to market research firm Infonetics Research.
"From a well-established base over GSM built up over the last decade, the embedded mobile M2M market is now poised for rapid acceleration, driven by new mobile devices, applications, services and providers, combined with the availability of higher speed networks. Demand is rising for mobile M2M applications such as smart energy monitoring and intelligent traffic, backed by government policy and funding, which is helping to create a virtuous growth cycle for the embedded mobile market," notes Richard Webb, directing analyst for mobile devices at Infonetics Research.
The number of connections for embedded mobile M2M applications hit 87 million in 2009 and is forecast by Infonetics Research to jump to 428 million by 2014, driven by wider availability of services, new M2M applications, and 'Connected Society' regulatory and policy initiatives.
Over half of all embedded mobile connections are GSM based, with strong growth expected in W-CDMA and later, LTE connections, driven by high bandwidth M2M applications and the need for future-proofing long-life device cycles.
The Utilities/SmartGrid vertical accounts for the largest share of overall revenue for embedded mobile M2M modems, with over a quarter of total revenue in 2009.