Sierra Wireless is the worldwide market leader in M2M comms

Sierra Wireless has dramatically expanded its market share for embedded modules and standalone wireless terminals, and is now the worldwide market leader in cellular Machine-to-Machine communication devices.

Building on the successful acquisition of Wavecom in March 2009, Sierra Wireless M2M communication devices enjoyed significant revenue growth throughout 2009 and continue to gain momentum in 2010.

M2M product revenues totaled $221 million for the full year of 2009 (42 percent of total Sierra Wireless sales), representing the highest revenue of any cellular M2M communication product supplier in the world. In the first quarter of 2010, M2M product revenue increased further to $88.7 million, nearly tripling from the first quarter of 2009, and now accounts for more than half of Sierra Wireless’ total sales.

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