Europe has high adoption of IoT technology in aviation, utilities, production and transportation industry. France government is investing in achieving excellent infrastructures and is focusing on using renewable energy fuel whereas Swedish government is spending on medicine and bioscience. Current market scenario has indicated robust growth of IoT technology in European market.
According to Goldstein Research, “Emerging trend of connected devices in various end user industries is raising the demand for advance services eventually powering the growth of Europe IoT market. Usage of devices such as drones, embedded camera and robots are improving the efficiency and productivity of end-user industries such as manufacturing, energy and agriculture. Moreover, increasing government investments and initiatives are also contributing in the expansion of Europe Internet of Things market.” Huge requirement of software as a service (SaaS) and hardware as a service (HaaS) in healthcare industry is driving the demand for IoT based platforms. Execution of cost effective solutions using mhealth technologies are boosting growth for IoT in healthcare sector in European Union. Huge investment in R&D of medicine and bioscience are bolstering the implementation of advanced technologies and IoT in healthcare industry. However, fewer acceptances by European population towards healthcare devices are inhibiting the business expansion of IoT in the region. As devices are connected with internet thus it increases the risk of malfunctioning of health devices. European consumers are not accepting IoT devices due to health security concerns.
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Market Segmentation
Europe IoT Market is categorized on the following basis:
• By Components
o Devices
 Wearable Devices
 Non-Wearable Devices
o Sensors & Actuators
o By Platforms
 By Connectivity/M2M Platforms
 By Infrastructure-as-a-Service (Iaas) Backend Platforms
 By Hardware Specific Software Platform
 By Consumer/Enterprise Software Extension Platforms
• By Software
o By Data Management Software
o By Network Management Software
o By Real Time Streaming Analysis Software
o By Security Software
o By Remote Monitoring Software
• By End-User
o By Consumer Electronics
o By Transportation & Logistics
o By Manufacturing
o By Retail
o By Energy
o By Agriculture
o By Healthcare
o By Others (Education)
• By Application
o By Smart Homes
o By Smart Cities
o By Wearables
o By Smart Grid
o By Industrial Automation
o By Connected Cars
o By Connected Health
o By Smart Retail
o By Smart Agriculture
o By Smart Supply Chain
• Based on Countries
o The U.K. {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Germany
o France
o Italy
o Spain
o Poland
o Sweden
o Russia
o Rest of Europe
“Europe IoT Market Outlook 2024” contains detailed overview of the Europe IoT market in terms of market segmentation by components, by software, by end-user and by application.
Further, for the in-depth analysis, Europe IoT market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Europe Internet of things market report also provides competitive outlook of some of the major players of Europe IoT market which includes profiling of companies such as Cisco Systems Inc., Intel Corporation, IBM Corporation, Amazon Web Services, Google, Microsoft Corporation, Qualcomm Incorporated, PTC, Oracle Corporation, SAP SE, General Electric (GE), Arm Holdings, Centrica plc, Robert Bosch GmbH, AT&T Inc., Hewlett Packard Enterprise, Rockwell Automation, Dell Inc. and Fujitsu Ltd. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Europe IoT market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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