Wireless M2M market enters new growth phase

Industry Watcher Juniper Research forecasts the market for M2M wireless products will enter a new growth phase with revenues set to grow from US $20 billion in 2006 to over $44 billion by 2009 and $74 billion by 2011. "Wireless M2M is poised to revolutionise the workings of large organisations across all industries, extending their IT assets in ways hitherto unimagined, provided that they have the vision to grasp the opportunity", Dr Therese Cory, report author said. "This is an unusual market, in that all the enabling technology exists and proof of concept is visible in the form of successful implementations in several industries", she added.