According to new a research report from the analyst firm Berg Insight, the global number of mobile network connections used for wireless machine-to-machine (M2M) communication increased by 37 percent in 2011 to reach 108.0 million
Asia-Pacific was the strongest regional market, recording a year-on-year growth rate of 64 percent and reached 34.5 million connections at the year-end. Europe and North America grew by around 27 percent each to 32.3 million and 29.3 million connections respectively. In the next five years, the global number of wireless M2M connections is forecasted to grow at a compound annual growth rate (CAGR) of 27.2 percent to reach 359.3 million in 2016.