Telecom Lead India: Indian M2M modules market is likely
to generate $98.38 million revenue by 2016, with a CAGR of 33.81 percent from
2011-2016.
6Wresearch said short range M2M modules have accounted
for 49.48 percent of the market share in the overall M2M modules market in
2011. Cellular M2M modules generated $9.15 million in 2011 and are expected to
reach $41.54 million by 2016. Satellite M2M modules generated $2.43 million in
2011 and are likely to reach $10.67 million by 2016.
M2M data to boost telecom provider VAS revenue in 2012
Recently, Frost & Sullivan said 2012 is expected to
be a year when telecom providers in Europe will begin developing consumer
machine to machine (M2M) opportunities in addition to their current enterprise
focus. Monetising M2M data will be one of the key drivers for such an
aggressive growth forecast.
According to 6Wresearch, automotive, transport &
logistics applications account for 75.9 percent of the market share in the
overall modules market. Applications such as utilities and security are likely
to grow with CAGR of 38.12 percent and 35.24 percent, respectively.
The research report said M2M modules market in India is
still in the nascent stage but it offers high growth opportunities to market
vendors.
The demand for remote monitoring & control,
government initiatives, launch of 3G networks and reducing human efforts have
increased the Indian M2M modules market. The Indian M2M modules market is
dominated by short range M2M modules but cellular and satellite M2M modules
have CAGR of 35.32 percent and 34.44 percent, respectively from 2011-2016.
The M2M modules can be classified as short range,
cellular and satellite M2M modules, which are commonly used in wide range of
applications such as utilities, security, automotive, transport &
logistics, healthcare and retail & financial services. Automotive,
transport & logistics application is the prominent application market for
M2M modules; however application markets such as security and utilities are the
most emerging markets.
editor@telecomlead.com
