Telit Communication (TTCNF) Making Machines Talk, a Monopolistic Review
What makes this a good business?
We believe Telit Communications (TTCNF) is an exciting monopolistic building block business model with rapid revenue growth resulting from its superior platform, and its growing footprint and solutions within an ecosystem recognized as being one of the world’s fastest growing industries. There are countless applications that are already based on two-way wireless communications, in shopping, medicine, transport, security, energy, remote reading of electricity, water, gas meters and many other industries. Many observers believe the industry will accelerate with the introduction of LTE (next generation wireless smartphone) networks that provide far greater bandwidth. Cisco (CSCO) estimated that the amount of information transmitted via M2M solutions would grow at an average rate of 109% a year between 2010 and 2015. According to Analysys Mason, the global market for machine-to-machine (M2M) device connections will grow from 62 million devices in 2010 to 2.1 billion devices in 2020, and according to Berg Insight, current cellular M2M connections will more than triple by 2016.
Telit Communications has been the fastest growing of the major M2M vendors for several years, rising from roughly 6% market share in 2007 to more than 25 % market share in 2012. The company utilized its core business, a pure play position, to provide customers and markets the widest uses of wireless communication between many mobile
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