Java ME is a widely used platform for developing applications for mobile devices, with over 6 billion Java-enabled devices in use. It is a subset of the Java SE platform tailored for devices with limited hardware capabilities. Java ME applications are developed using configurations like CLDC and profiles like MIDP, and may use Java specifications like JSRs for graphics, location services, and more. Popular IDEs for Java ME development include NetBeans and Eclipse. Applications are deployed as JAR files to run on mobile devices from vendors who provide SDKs. The future of Java ME includes moving to newer versions with improved performance and easier installation.