Global M2M Application Development Platform Market by Type (Cloud-Based, On-Premises), By Application (Enterprises, Institutes, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global M2M application development platform market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for M2M applications from enterprises and institutes across the globe. Additionally, the growing adoption of cloud-based M2M application development platforms is also contributing to the growth of this market. However, lack of awareness about M2M applications among end users is restraining the growth of this market. On basis on type, cloud-based M2M application development platforms are expected to witness higher growth than on-premises platforms during the forecast period from 2018 to 2030. This can be attributed to their advantages such as low cost and easy deployment compared with on-premises platforms. On basis on application, enterprises are expected to account for a larger share of the global M2M application development platform market than institutes duringthe forecast period from 2018to2030.



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Product Definition:

M2M application development platform is a software that enables the development of M2M applications. It provides an environment for connecting devices, managing data flows and processing information. M2M application development platforms are important because they allow businesses to develop applications that can improve communication and collaboration between machines.

Cloud-Based:

Cloud-based M2M application development platform is a software system that enables OEMs and mobile network operators to develop, deploy, manage and operate applications for connected devices including smartphones, tablets and wearables. Cloud-based M2M application development platform provides an environment where the end-users can develop applications using industry standard technologies such as Bluetooth Low Energy (BLE), Web Services (WSDL), or Internet Protocol Television (IPTV).

On-Premises:

On-premises is a term used for applications developed and deployed on computers available in the organization. In other words, these applications are installed and run from the computer present within the organization's premises. On-premises software solutions have been traditionally used by enterprises to develop their internal business application software as well as to deliver specific services such as CRM (Customer Relationship Management) or ERP (Enterprise Resource Planning).

Application Insights:

The enterprises segment dominated the global M2M application development platform market in 2017. The segment is expected to retain its dominance over the forecast period owing to factors such as extensive usage of enterprise applications and services, high demand for real-time analytics, and growing need for managing complex devices & networks.

The others segment includes public institutions, healthcare organizations and other non-profit organizations. These types of organizations are more likely to adopt open source software due to their ability to customise solutions as per their requirements. Moreover, these types of institutions are increasingly deploying location intelligence tools that require low maintenance cost M2M application development platforms based on open source technologies such as Arduino or NodeMCU boards that can be easily upgraded with new features through OTA (Over The Air) updates.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. North America has been witnessing a rapid adoption of M2M solutions for various applications such as fleet tracking, asset monitoring, and remote healthcare & diagnosis since past few years. This growth can be attributed to increased government initiatives and mandates related to vehicle safety systems along with growing consumer demand for advanced automotive technologies such as automatic emergency braking (AEB) and lane departure warning system (LDWS). Moreover, presence of prominent players in this region is also contributing towards market growth by providing them with greater opportunities for partnerships & collaborations. For instance; In January 2018, Telogis LLC partnered with Fleetmatics Inc.

Growth Factors:

Increasing demand for M2M applications from various industry verticals
Proliferation of connected devices and sensors
Rising demand for cloud-based M2M application development platforms
Emergence of new technologies such as big data, artificial intelligence, and the Internet of Things (IoT)
Growing number of partnerships and collaborations among market players


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Scope Of The Report
Report Attributes
Report Details
Report Title
M2M Application Development Platform Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Enterprises, Institutes, Others
By Companies
PTC, Eurotech, Verizon, Gemalto (Thales), OpenMTC, Qualcomm Technologies, Jasper Technologies (Cisco), AT&T
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.

Global M2M Application Development Platform Market Report Segments:
The global M2M Application Development Platform market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprises, Institutes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
PTC
Eurotech
Verizon
Gemalto (Thales)
OpenMTC
Qualcomm Technologies
Jasper Technologies (Cisco)
AT&T



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Highlights of The M2M Application Development Platform Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-Based
On-Premises
By Application:
Enterprises
Institutes
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the M2M Application Development Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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