M2M Platform Market in Western Europe 2016-2020
About M2M Platform Market in Western Europe
An M2M platform is a programmed unit on which M2M applications and services are built. Due to the growing adoption of the IoT and M2M services, the demand for innovative M2M platforms, to enable several new M2M services such as connected cars and smart homes, is increasing. Many small players are entering into the global M2M platform market, as entry barriers are low.
Increasing adoption of connected devices, tablets, wearable devices, and smartphones among consumers and enterprises will favor the growth of the market. This is due to the fact that these connected devices require an M2M platform for transferring data and information in real time. The devices are connected to each other via M2M modules, smart sensors, and software. The number of M2M connections across various industry verticals such as automotive, healthcare, and retail been increasing as this platform helps enterprises improve their operational efficiency and revenue generation.
Technavio’s analysts forecast the M2M platform market in Western Europe to grow at a CAGR of 20.08% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the M2M platform market in Western Europe for 2015-2020. To calculate the market size, the following has been considered:
Technavio Announces the Publication of its Research Report – M2M Platform Market in Western Europe 2016-2020Technavio recognizes the following companies as the key players in the M2M Platform Market in Western Europe: Comarch, Gemalto, PTC, Sierra Wireless and Wipro.Other Prominent Vendors in the market are: Aeris, Antenova M2M, Cellubi, Deutsche Telekom, Kerlink, Mavoco, Mobistar, TeliaSonera, Transatel M2M, Vodafone, and Wyless.Commenting on the report, an analyst from Technavio’s team said: “Safe, efficient, and accessible public transportation has become a priority in the recent years due to increasing congestion of urban roadways, and it impedes traffic for approximately eight hours per day in major metropolitan cities and suburbs. Intelligent public transportation solutions provide application-enabling network services to securely connect public transit operations.”According to the report, one of the major factor driving the market is increased adoption of embedded SIMs. The benefits of embedded SIMs include streamlining of the manufacturing process for mass volumes, low production and distribution cost, and low power consumption. Standardizing embedded SIM specification facilitates the adoption of multiple SIMs for different services in cars, which drives the automotive industry in terms of revenue.Further, the report states that interoperability issues decline the usage and adoption of M2M devices and solutions among end-users.
Comarch, Gemalto, PTC, Sierra Wireless, Wipro, Aeris, Antenova M2M, Cellubi, Deutsche Telekom, Kerlink, Mavoco, Mobistar, TeliaSonera, Transatel M2M, Vodafone, Wyless.