“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 report, which covers communications via 2G, 3G and LTE, notes that though the value of cellular M2M radio modules is depreciating, growth will continue at a CAGR of almost 21% from 2015 to 2019.
“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 to 40 million cellular modules will be shipped to the automobile sector in the coming years,” says Ghaus.
According to Technavio, governments worldwide are driving demand for cellular M2M modules for communications across the automotive, energy, and healthcare industries. Another report from the research firm forecasts that the global M2M platform market will grow at a CAGR of more than 21% from 2015 to 2019.
“Favourable government regulations have increased the shipment of M2M modules in the automotive sector, which in turn will fuel the growth of the M2M platform market,” says Faisal Ghaus, Vice President of Technavio.
The report on the global M2M platform market also emphasises the increasing adoption of cloud-based M2M among mobile network operators (MNOs), as it helps reduce capital expenditure and time-to-market for their product and service launches. “Axeda and Jasper Wireless joined forces and adopted M2M cloud-based strategies that help MNOs manage the services offered to customers and maximise their revenue,” says Ghaus.
Key vendors mentioned in this report include Gemalto, Jasper Technologies and Sierra Wireless. Technavio also states that increased adoption of connected devices on the plus side for this market, but cautions that integration of M2M devices may be complex.
Gemalto and Sierra Wireless are also key vendors in the global M2M mobile platform module market, together with Telit Wireless Solutions.
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View the Global M2M platform market report
View the Global Mobile M2M module market report
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