M2M Platform Market in Western Europe - Growing adoption of the IoT and M2M services in Western Europe will lead Market to grow at a CAGR of 20.08% during 2016-2020
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 M2M platform market in Western Europe to grow at a CAGR of 20.08% during the period 2016-2020. 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
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The market is divided into the following segments based on application type:
- Consumer electronics
- Energy and utilities
- Transport and logistics
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.
- Sierra Wireless
Other prominent vendors
- Antenova M2M
- Deutsche Telekom
- Transatel M2M
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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?
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