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Technavio Says IoT Implementation Will Impact the Growth of the Global Mobile M2M Module Market Through 2019Technavio 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 IoT implementation, which is increasing significantly in developed regions like North America and Western Europe, and in countries like 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 price decline, there has been an 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 th 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 (News - Alert) technologies. Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the M2M module market:
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150701005041/en/ |
