Western Europe M2M Platform Market Competitive Strategies and Forecasts, 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.

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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...