Global M2M Application Development Platform Market Growth (Status and Outlook) 2024-2030

Global M2M Application Development Platform Market Growth (Status and Outlook) 2024-2030

Machine-to-Machine (M2M) Application Development Platforms manage connected products and machines to gather better, actionable data from machines and machine processes, and build Internet of Things (IoT) applications.

The global M2M Application Development Platform market size is projected to grow from US$ 46 million in 2023 to US$ 91 million in 2030; it is expected to grow at a CAGR of 10.2% from 2024 to 2030.

LPI (LP Information)' newest research report, the “M2M Application Development Platform Industry Forecast” looks at past sales and reviews total world M2M Application Development Platform sales in 2023, providing a comprehensive analysis by region and market sector of projected M2M Application Development Platform sales for 2024 through 2030. With M2M Application Development Platform sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world M2M Application Development Platform industry.

This Insight Report provides a comprehensive analysis of the global M2M Application Development Platform landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on M2M Application Development Platform portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global M2M Application Development Platform market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for M2M Application Development Platform and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global M2M Application Development Platform.

The future market trends of M2M Application Development Platform are as follows:

The market is expected to witness a high growth rate due to the increasing demand for M2M platforms from various industries such as transport, energy, healthcare, retail, security, and manufacturing.

The market is also driven by the rising adoption of cloud-based solutions, which offer scalability, flexibility, and cost-effectiveness for M2M platforms.

The market is likely to benefit from the advancement of technologies such as 5G, artificial intelligence (AI), machine learning (ML), and edge computing, which enhance the performance, security, and intelligence of M2M platforms.

The market is expected to face some challenges such as data privacy and security issues, interoperability and compatibility issues among different devices and platforms, and regulatory and compliance issues in different regions.

This report presents a comprehensive overview, market shares, and growth opportunities of M2M Application Development Platform market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud-Based
On-Premises

Segmentation by application
Enterprises
Institutes
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PTC
Eurotech
Verizon
Gemalto (Thales)
OpenMTC
Qualcomm Technologies
Jasper Technologies (Cisco)
AT&T

Please note: The report will take approximately 2 business days to prepare and deliver.