|By Business Wire||
|March 4, 2014 12:32 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/m55vf7/m2m_market_in) has announced the addition of the "M2M Market in North America 2012-2016" report to their offering.
The analysts forecast M2M market in North America to grow at a CAGR of 25.02 percent over the period 2012-2016. One of the key factors contributing to this market growth is expansion of wireless network coverage. M2M market in North America has also been witnessing increase in numbers of acquisitions. However, declining ARPU of M2M services could pose a challenge to the growth of this market.
Key vendors dominating this space include Sierra Wireless Inc., Gemalto N.V., Telit Wireless Solutions, SIMCom Wireless Solutions Co. Ltd., Verizon Communications Inc., and AT and T Inc.
Other vendors mentioned in the report are Amtel Corp., AnyDATA Inc., Cinterion Wireless Modules GmbH, Cisco System Inc., Cypress Semiconductor Corp., Freescale Semiconductor Inc., Huawei Technologies Co. Ltd., Infineon Technologies AG., iWOW Connections Pte Ltd., KPN N.V., Maestro Wireless Solutions Ltd., Novatel Wireless Inc., Numerex Corp., Orange Business Services, Qualcomm Inc. Quectel Wireless Solutions Co. Ltd., Sprint Nextel Corp., STMicroelectronics N.V., Telefonica S.A., TeliaSonera AB, Telit Wireless Solutions, Texas Instruments Inc., T-Mobile International AG, and ZTE Corp.
Commenting on the report, an analyst from the Telecom team said: The major trend witnessed by the market is an increase in the number of acquisitions of small and niche vendors. As the market is fragmented and has diverse segments with diverse vendors, it is poised to grow rapidly in the coming years. The market is likely to witness the entry of several new companies, both large and small, and also witness many acquisitions by companies seeking a bigger market share. Sierra Wireless, the current market leader, has achieved leadership mainly by acquiring Wavecom, Junxion, and Airlink Communications.
For more information visit http://www.researchandmarkets.com/research/m55vf7/m2m_market_in
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