The global wireless M2M market was strong in 2011, displaying growth in all major world regions and vertical segments.

Berg Insight estimates that shipments of cellular M2M devices increased by 35.3 percent to a new record level of 50.8 million units. Adjusted for churn, this resulted in net additions of 29.3 million M2M connections in 2011. The shipments of cellular M2M devices are forecasted to grow at a compound annual growth rate (CAGR) of 24.6 percent to reach 152.2 million units by 2016.

Iteq telematics and Telematics Technologies, LLC are a group of companies specialized in the Telematics and M2M services and products with over 13 years of experience in this emerging technology field. As a pioneering player we are continuing to position ourselves in this fast changing technology market and are planning to continue to introduce new services and products in the coming months and years.