Europe IOT Market Analysis & Industry Forecast 2016-2024

Posted on 2018-11-21 by Goldstein Research in Internet & Online // 0 Comments

New York,USA, 2018-Nov-21 — /EPR Network/ —

According to Goldstein Research, Europe IOT market estimated at USD 108.7 billion in 2016, which is estimated to reach USD 432.80 billion by 2024, growing at a CAGR of 18.32% over the forecast period 2016-2024. Europe is witnessed to have high adoption of IoT technology in multiple industries like aviation, production, utilities and transportation industry.

France government is highly investing in the deployment of IoT across the country to achieve advanced infrastructures and is also focusing on targeting the spending on renewable energy fuel. Further, based on Europe IoT market segmentation, consumer electronics end use segment is growing at a CAGR of 18.73% during the forecast period to reach a market size of USD 113 billion by 2024. According to Verizon report, global IOT market in the year 2014 was USD 591.7 billion and growing at the pace of 17% forecasted to reach USD 1.3 trillion. The installed base of internet of things tends to grow from USD 9.7 billion in 2014 to 25.6 billion in the year 2019, hitting USD 30 billion in 2020.

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Market Segmentation

Europe IOT Market can be segmented as follows:

By Components

(Devices, Wearable Devices, Non-Wearable Devices, Sensors & Actuators)

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

(By Data Management Software, By Network Management Software, By Real Time, streaming Analysis Software, By Security Software, By Remote Monitoring Software)

By End-User

(By Consumer Electronics, By Transportation & Logistics, By Manufacturing, By Retail, By Energy, By Agriculture, By Healthcare)

By Application

(By Smart Homes, By Smart Cities, By Wearables, By Smart Grid, By Industrial Automation, By Connected Cars, By Connected Health, By Smart Retail, By Smart Agriculture, By Smart Supply Chain)

Based on Countries

(U.K, Germany, France, Italy, Spain, Poland, Sweden, Russia)

Implementation of IoT in Fleet Management Market and asset tracking is hugely impacting the Europe transportation industry. Transportation and logistics segment is estimated to capture 23% of total revenue of IoT in Europe over the forecast period.

On the other hand, innovative and advanced technologies are hugely impacting the industrial and public sector of European Union which is bolstering the growth of IoT devices and services in Europe. Moreover, European Union actively accepted concept of IoT and is on the path to become a potential market for internet of things (IoT) business. Rapidly growing cloud computing market, big data market and IoT market are bringing considerable change in European market. Increasing penetration of smart phone and rising demand of smart phone sensors, wearable and automotive sensors are fuelling the expansion of sensors market & actuators market. Advanced infrastructure, efficient and cost-effectiveness of cloud computing solutions is the major boosting factor for the high adoption rate of IoT based platforms in Europe region.

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“Europe IOT Market Outlook 2024” contains the detailed overview of the Europe IOT market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, platforms, software, end-user, application and countries.

Europe IOT Market Analysis encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of IOT market report helps the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the Europe IOT market discussed in the report are: 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., Fujitsu Ltd.,etc.

Further, Europe IOT Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Europe IOT Market share also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The market analysis report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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