Looking back to 2012 and analyzing the results in EMEA, we 5ee one of the key words when anyone tries to define the m2m market: "Fragmentation". All markets were expecting to see the first deployments of the big AMR/M (Automated Meter Reading/Management) projects in 2012, but for different reasons the various projects are all delayed and we will not see first field trials until 2013/beginning 2014. This fact may have impacted on our results last year, pushing us below expectations, but this has not been the case: on the contrary, we managed to over achieve them. How to explain this? Fragmentation.
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