ABI Research has new M2M report out showing how the market grew rapidly from 2003-2007 but collapsed in 2008. They began tracking the cellular machine-to-machine (M2M) module market in 2003, and for five years shipments increased on average more than 25% per year. In 2007 module shipment growth peaked at a phenomenal 45%. The economic collapse of 2008 put an end to such double-digit growth rates, but the M2M market was still up 4%.
Feedback from vendors indicates that most feel the market bottomed out in the fourth quarter of 2008 and the first quarter of 2009. Starting in 2Q 2009, they report that activity seems to be picking up again. ABI Research now forecasts that 2009 will show modest growth, with unit shipments projected to be about 16% higher than in 2008, and revenue up 10%. Below is a graph of projected growth for M2M module shipments by application: