Wireless M2M Devices to See CAGR of 21.4%

According to a new research report from the analyst firm Berg Insight, the number of devices with cellular or satellite connectivity deployed in oil and gas applications worldwide was 423,000 at the end of 2013. Growing at a compound annual growth rate (CAGR) of 21.4%, this number is expected to reach 1.12 million by 2018.