[SatNews] According to a recent report from the Swedish National Post and Telecom Agency (PTS), Telenor Connexion now has a market share of 80 percent in the Swedish machine-to-machine market (M2M)—Telenor Connexion has, thereby, further strengthened its leadership and expert position in the growing market of Internet of Things (IoT).

The Swedish Post and Telecom Agency (PTS) released its latest statistical report, “Swedish Telecommunications Market 2014" this week. The report clearly indicates that Telenor Connexion has strengthened its foothold in the Swedish market. Telenor accounts for 80.5 percent of the M2M subscriptions. The operators in second and third place show a market share of respectively 10.7 and 8.5 percent.

Although the Swedish M2M market has grown by nearly 20 percent, Telenor has kept an even higher growth rate than the market and has increased its market share by 0.8 percentage points, and now has more than 4.9 million M2M subscriptions. The growth comes, according to Per Simonsen, mostly from the automotive and security industry, as well as from the manufacturing and energy sectors.

As of December 2014, the number of M2M subscriptions in Sweden totaled 6.1 million. This is an increase of 18 percent, as compared to the same period last year. Revenues from the M2M industry amounted to 834 million SEK in 2014, an increase of 32 percent, as compared to 2013. Both the Swedish National Post and Telecom Agency (PTS) and the industry predict continued strong growth in the coming years.

The “Swedish telecommunications market 2014” is the Swedish National Post and Telecom Agency's (PTS) statistical report about the telecommunications market. The report, which has been published yearly since 1999, describes the current market situation and developments in the different market segments. The focus is on the statistics but the report also contains analysis with supplementary diagrams to illustrate the sequence of events. Read the Swedish Telecommunications Market 2014 here (in Swedish)!