Boston, MA -- (SBWIRE) -- 02/24/2016 -- 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.

Get More Details on this Report and a Full Table of Contents at M2M Platform Market in Western Europe 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:

-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

Technavio's report, 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 vendors

-Comarch
-Gemalto
-PTC
-Sierra Wireless
-Wipro

Other prominent vendors

-Aeris
-Antenova M2M
-Cellubi
-Deutsche Telekom
-Kerlink
-Mavoco
-Mobistar
-TeliaSonera
-Transatel M2M
-Vodafone
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Comarch, Gemalto, PTC, Sierra Wireless, Wipro, Aeris, Antenova M2M, Cellubi, Deutsche Telekom, Kerlink, Mavoco, Mobistar, TeliaSonera, Transatel M2M, Vodafone, Wyless

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Software research reports at Fast Market Research

You may also be interested in these related reports:

-Connected Car M2M Connections and Services Market in Western Europe 2015-2019
-Smart Home M2M Market in Western Europe 2015-2019
-Connected Car M2M Connections and Services Market in WE 2016-2020
-Data Center Construction Market in Western Europe 2015-2019
-Education Technology Market in Europe 2015-2019