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M2M Platform Market in Western Europe to Grow at a CAGR of 20.08% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “M2M Platform Market in Western Europe 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 02/18/2016 -- Report forecast the M2M platform market in Western Europe to grow at a CAGR of 20.08% during the period 2016-2020.

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.

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:
- Annual sales of M2M service platform providers
- Annual sales of M2M security platform providers
- Annual M2M platform aggregators

The market is divided into the following segments based on application type:
- Consumer electronics
- Automotive
- Healthcare
- Energy and utilities
- Transport and logistics
- Manufacturing
- Others

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.

M2M Platform Market in Western Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

Market driver
- Increased adoption of embedded SIMs
- For a full, detailed list, view our report

Market challenge
- Interoperability issues
- For a full, detailed list, view our report

Market trend
- Intelligent public transportation system
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 53 pages and 22 Exhibit "M2M Platform Market in Western Europe 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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