26 May 2015 (Sydney): NetComm Wireless Limited (ASX: NTC), a leading global developer of wireless Machine-to-Machine (M2M) devices,will continue to strengthen its affiliation with the world's leading mobile network operators as determined by specialist M2M research firm Machina Research in its latest M2M Leaderboard which presents the top 30 telecommunication service providers by expected revenue from M2M in 2022.
Machina Research expects revenue from M2M devices, installation, connectivity and services to be worth USD2.5 trillion by the end of 2024, with the single biggest revenue opportunity associated with the revenue from connected device hardware.
"Leading operators are collaborating with device manufacturers and other players in the M2M value chain to enhance their M2M capabilities, and are looking to global M2M hardware providers such as NetComm Wireless to develop and deploy technologies that support the business model demands of the fast expanding M2M and IoT markets," said Jim Morrish, Founder and Chief Research Officer, Machina Research.
“We are working with over a quarter of the world’s top ranking network operators in M2M, and will continue to meet our strategic M2M growth targets by addressing the rising global demand for open, scalable and economical M2M solutions,” said David Stewart, CEO and Managing Director, NetComm Wireless.
NetComm Wireless is currently working with 7 of the leading 30 M2M operators, constituting over 20% of expected global M2M revenue in 2022. These key mobile network operators include Vodafone (ranked #1 on the basis of share of global M2M revenue in 2022), Verizon, SingTel, Etisalat, STC, Tele2 and Telstra.
Rank change vs previous iteration (May 2013)
Communications Manager, NetComm Wireless
Phone: +61 2 9424 2542 or email: [email protected]
About NetComm Wireless Limited
NetComm Wireless Limited (ASX: NTC) is a leading developer of Machine-to-Machine (M2M) devices and solutions globally. The company provides 3G, 4G and rural broadband new generation fixed-wireless devices that underpin an increasingly connected world. Leading telecommunications carriers, core network providers and system integrators utilise NetComm Wireless' solutions to optimise network performance and to support their connected products and services in the M2M and rural broadband markets. For the past 33 years, NetComm Wireless has developed a portfolio of world first data communication products, and is now a globally recognised wireless innovator. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK, New Zealand, Middle East and Japan. For more information visit www.netcommwireless.com.
About Machina Research
Machina Research is the world’s leading provider of strategic advice on the newly emerging Internet of Things, M2M and Big Data markets. Our Advisory Service provides comprehensive support for any organisation interested in these opportunities. Our vertical market information and forecasts cover sectors such as Industry, Healthcare, Cars and Cities. Furthermore we provide guidance on commercial and technical best practice supporting all stakeholders in the sector including users, manufacturers, service providers, investors and regulators. In addition to our syndicated Advisory Service research we also undertake a wide range of client-specific custom research projects ranging from White Papers through to full go-to-market strategies. Machina Research is staffed by the leading industry analysts in the sector.