Asia-Pacific is forecast to become the largest market for machine-to-machine (M2M) subscriptions in volume terms in 2013, and in 2016 is expected to account for 37 percent of the total market, according to a new report from Pyramid Research.
"China is the key market in the region, where the government is driving the adoption of smart meters in order to better manage the growth in demand for energy," says Pyramid Research Analyst at Large, Jan ten Sythoff. However, adoption in most other large, emerging countries in the region is more limited, with operators focused on cost reduction, capacity management and subscription acquisition.
"Total subscriptions are expected to increase from 18.4 million in 2010 to 104.8 million in 2016. During this time, revenues are expected to increase from $423 million to $1.80 billion, representing a CAGR of 27.3 percent," he notes.
Source: Cellular News