MOUNTAIN VIEW, CAOver the last 20 years, the development of wireless, wireline, and satellite networks has set the stage for machine-to-machine (M2M) applications and equipment that use these existing networks.
In new analysis titled, "World Satellite Machine-to-Machine Communications Market," Frost & Sullivan finds that the market earned revenues of $726 million in 2009. It estimates that this number will reach $1.90 billion in 2016. The US dominates the world satellite M2M communications market with 62-percent market share, as its enterprises have the capital to implement M2M. The Asia-Pacific region is expected to experience maximum growth in terms of regional share in the long term.
"Smaller hardware paves the way for greater potential in the M2M industry to foray into new areas especially in the mobile or communication-on-the-move applications," says Frost & Sullivan Research Analyst, Daniel Longfield. "Reduced equipment costs further accelerated opportunities by helping in the monitoring and tracking of more assets."
For more information on this study, please contact Jake Wengroff at jake.wengroff@frost.com.