This market research report presents a comprehensive segmentation of the M2M platform market in Western Europe by application type (consumer electronics, automotive, healthcare, energy and utilities, transport and logistics, manufacturing, and others). The report further provides a market share analysis of the leading companies in the market such as Comarch, Gemalto, PTC, Sierra Wireless, and Wipro.
Technavio’s market research analysts estimate the M2M platform market in Western Europe, to grow at a CAGR of 20% by 2020. M2M is incorporated in consumer electronic devices such as cameras, gaming consoles, health monitors, personal trackers, and eReaders as the technology improves functionality and has a positive effect on the overall consumer experience. The increasing adoption of embedded SIM is the primary growth driver for this market.
The new market research report from Technavio provides a breakdown and analysis of the M2M segments by technology.
“Of late, the market is witnessing increased adopting of 3D printing consumers and manufacturers. 3D printing is increasingly being preferred owing to factors such as improving the performance of additive manufacturing machinery, the decline in the prices of printers and materials, and expansion in the range of materials,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research
The facilitation of new revenue streams is anticipated to drive market growth during the forecast period. M2M integrators charge for services such as solution design and development, deployment and integration, and lifecycle management. Leading solution providers such as Gemalto are offering a performance-linked payment structure, which helps generate revenue by helping customers achieve their business objective with connected deployments.
The leading vendors in the M2M platform market in Western Europe are Comarch, Gemalto, PTC, Sierra Wireless, and Wipro. The use of M2M or IoT solutions is gaining popularity in industries such as healthcare, automotive, transportation, retail, manufacturing, and energy, hence it offers a wide opportunity for vendors to usher in innovative and advanced solutions into the market to attract the consumers. As a result, the market is witnessing a foray of many new entrants with innovative M2M and cloud-based platforms, thereby, increasing the competition in the market.
A more detailed analysis is available in the Technavio report, M2M Platform Market in Western Europe 2016-2020.
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