M2M Platform Market in Western Europe 2016-2020

Market outlook of M2M platform in Western Europe

Technavio’s market research analyst predicts the machine-to-machine (M2M) platform market in Western Europe (WE) to grow at a CAGR of over 20% during the forecast period. The increasing adoption of embedded SIMs is the primary growth driver for this market. Embedded SIMs provide benefits, including streamlining of the manufacturing process for mass volumes, low production and distribution cost, and low power consumption. Companies such as Apple and Samsung sealed an agreement with GSMA to adopt the GSMA eUICC SIM, and many other companies are lined up to adopt the embedded SIM technology, which is likely to heighten the growth of the M2M platform market in WE over the next five years.

The facilitation of new revenue streams is another major factor that 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.

Application type segmentation and analysis of the M2M platform market in WE

• Consumer electronics
• Automotive
• Healthcare
• Energy and utilities
• Transport and logistics
• Manufacturing
• Others