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The global M2M platform market to grow at a CAGR of 21.29% over the period 2015-2019
M2M platform is the programmed unit in which M2M applications and services are built on. For instance, a connected car M2M platform integrates a vehicle’s input devices such as microphones, output devices such as speakers, the Internet, and consumer devices such as smartphones. As a result of the growing adoption of IoT and M2M services, the demand for innovative M2M platform for enabling several new M2M services such as smart home is increasing. Since the entry barrier to this market is low, many small players are entering in the global M2M platform market.
MNOs are increasingly adopting cloud-based M2M platforms as they help them in reducing CAPEX and time-to-market for their product and service launches. Cloud-based platforms help these MNOs manage, develop, and assemble their services. The platform also helps telecommunication operators in marketing, selling, integrating, developing, and supporting M2M connectivity and cloud services across business verticals such as retail and automotive.
According to the report, growing adoption of connected devices, tablets, wearable devices, and smartphones among consumers as well as enterprises will favor the growth of the market as these devices require an M2M platform for connecting and transferring data and information in real time. The devices are connected to each other via M2M modules, smart sensors, and software.
Further, the report states that integrating connected devices with cellular technologies is a serious concern for the M2M vendors as it requires the redesigning of these devices.
- Jasper Technologies
- Sierra Wireless
- Telit Wireless Solutions
- Xively (LogMeIn)
Vendors to Watch Out
- Digi International
- Kore Wireless Group
Other Prominent Vendors
- Bosch Software Innovations
- Red Bend
For more information visit http://www.researchandmarkets.com/research/f8sn8l/global_m2m