Rise of the machines: Machine to machine communications market booms

Global revenue from sales of wireless telecommunications modules for Machine-to-Machine (M2M) systems are set to rise nearly sevenfold between 2010 to 2014, according to market research firm iSuppli. M2M modules are part of the phenomenon known as the Internet of Things and allow devices to communicate with each other using mobile technologies like GRPS, EDGE and CDMA 2000. Isuppli predicts that the M2M communications module market will generate total revenues of $1.0 billion in 2010 and will rise to a massive $6.5 billion by 2014.