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M2M Platform Market in Western Europe to Rise due to growing Adoption of IoT and Smartphones
MarketResearchReports.biz has added a new report, titled ‘M2M Platform Market In Western Europe 2016-2020,’ to its offering. This study provides an extensive evaluation on the market for automotive scanners. The report presents a comprehensive analysis of the M2M platform market in Western Europe in the forecast period from 2016 to 2020. The study helps in identifying the prevalent trends and provides predictions on the development of the market in the coming four years within the region of Western Europe.
For calculating the size of the market, the report considers the yearly sales of M2M security platform providers and M2M service platform providers as well as the yearly performance of M2M platform aggregators. A number of market dynamics such as market drivers, inhibitors, trends, opportunities, and challenges have also been evaluated along with their impact on the growth of the market in the coming years.
According to the report, the M2M platform market in Western Europe is predicted to rise at a whopping 20.08% CAGR from 2016 to 2020. The report starts with the market overview section and provides a definition of M2M platforms. The report also elaborates on the key application areas of M2M platforms.
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M2M or machine to machine is a label utilized for describing any type of technology enabling the exchange of information from networked devices as well as performing of actions without the need for manual assistance from human beings. M2M communication is majorly utilized for remote monitoring and forms a significant aspect of remote control, warehouse management, traffic control, supply chain management, logistic services, and telemedicine, among others. As per the report, owing to the increasing adoption of M2M and Internet of Things (IoT) services, the demand for innovative M2M platforms is increasing in order to enable numerous new M2M services such as smart homes and connected cars.
In the next section of the report, on the basis of application type, the market is segmented into automotive, consumer electronics, energy and utilities, healthcare, manufacturing, transport and logistics, and others. Moving further, the report throws light on the prime factors driving the growth of the market. The rising adoption of embedded SIMs is a prime factor augmenting the growth of the M2M platform market within Western Europe. In addition, the rising adoption of tablets, smartphones, and wearable electronic devices amongst enterprises and consumers will also propel the growth of the M2M platform market in Western Europe. The emergence of intelligent systems in public transportation has also emerged as a prime trend within the market. On the other hand, interoperability issues are amongst the chief factors restraining the growth of the market.
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In the last sections of the report, the prime players operating in the M2M platform market in Western Europe have been highlighted. These players are Comarch, Gemalto, PTC, Sierra Wireless, Wipro, Aeris, Antenova M2M, Cellubi, Deutsche Telekom, Kerlink, Mavoco, Mobistar, TeliaSonera, Transatel M2M, Vodafone, and Wyless, among others.
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