Global M2M revenues to reach EUR 40 billion in 2017

Wednesday 15 January 2014 | 11:36 CET | News
The Machine-to-Machine market is finally taking off, with global revenues set to rise 13 percent per year on average to EUR 40 billion in 2017, according to the latest M2M Market report by Idate. The global volume is forecast to grow by an average of almost 30 percent per year between now and 2017. The M2M market represented 175 million modules worldwide last year, generating EUR 24.2 billion in revenue and translating into an annual growth rate of 31 percent in volume and 11 percent in revenue. The bulk of revenue was generated by software and IT developments which together accounted for

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Categories: Internet / Mobile & Wireless
Countries: World
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