Sierra Wireless

Sierra Wireless Overview

Company Headquarters: Canada

Founded:1993

Workforce: ~1400

Company Working: Sierra Wireless is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The company develops wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs). The company operates in three reportable segments namely original equipment manufacturer (OEM) solutions, enterprise solutions, and IoT services. The OEM solutions segment provides short-range wireless modules, software, tools, and cellular embedded modules for Internet of Things (IoT) connectivity, including an embedded application framework to support customer applications. The company provides standards-based wireless technologies and support for OEM customers across a broad range of industries, including automotive, energy, mobile computing, enterprise networking, transportation, healthcare, security, industrial monitoring, field services, sales and payment, and smart home. The enterprise solutions segment provides routers and gateways, including management tools and applications that enable cellular connectivity. The company markets its AirLink gateways and routers through channel partners across the world. The IoT services segment offers a secure and scalable cloud platform for deploying and managing IoT subscriptions, global cellular connectivity services, and managed broadband cellular services. The company operates in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

Strategy

Sierra Wireless emphasizes on innovation and partnership to grow in the global e-SIM market. It focuses on research and development to innovate enhanced IoT solutions and services. The company aims to enhance its IoT connectivity and services business with the help of a strong position in cellular embedded modules and gateways. It also aims to accelerate its IoT connectivity and cloud businesses by growing subscription-based recurring revenue and expanding its device-to-cloud solutions business that eventually leads to strengthen its position in IoT devices market.

Company Snapshot

$0.54M

Revenue

1,400

Employees

1993

Founded

Canada

Headquarters

SWOT Analysis

Strengths

Developing new products –product innovation
Strong brand portfolio
Strong distribution network
Strong technical expertise
Wide geographical presence

Weaknesses

High attrition rate
Reliance on limited number of subcontractor and supplier

Opportunities

Green drive initiatives by the government
New trends in consumer behavior
Merger and acquisition may create multiple scopes

Threats

Intense market rivalry
Fluctuating foreign currency exchange rates
Technological changes may affect the revene generation
Fluctuating price of raw material

Key Developments

Date	Approach	Development
September 2016	Product Launch	Sierra Wireless launched the Embedded Universal Integrated Circuit Card (eUICC) solution for providing its smart SIM and connectivity service.

Product Offering

Sierra Wireless
- eSIM
- Global Smart Fleet Management Market

Financial Performance

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