Berg Insight: Shipments of cellular M2M modules reached 96M units in 2015

Berg Insight estimated that global cellular machine-to-machine (M2M) module shipments increased by 19.4 per cent in 2015 to a new record level of 96 million. A somewhat higher growth rate is expected for 2016. By 2020, shipments of cellular M2M devices are forecast to grow at a compound annual growth rate (CAGR) of 21.7 per cent to reach 256 million units. East Asia, North America and Western Europe were the main geographical markets in 2015, accounting for around 75 per cent of the total demand. The research company noted that the latest 3GPP standards for LTE -- Cat 1, Cat M1, and Cat M2 -- will contribute substantially to growth in the next five years. Report