Europe industrial IoT market accounted for USD 21.95 billion in 2020 and will grow by 10.7% annually over 2020-2030 driven by extensive government support in encouraging digitalization across the industrial sector, rise in adoption of industrial IoT devices, and growing incorporation of advanced technologies such as cloud computing platforms and AI.
Highlighted with 28 tables and 62 figures, this 132-page report Europe Industrial IoT Market 2020-2030 by Offering (Hardware, Software, Services, Connectivity), Technology, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire Europe industrial IoT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter's Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe industrial IoT market in every aspect of the classification from perspectives of Offering, Technology, Application, Industry Vertical, and Country.
Based on Offering, the Europe market is segmented into the following sub-markets with annual revenue (USD mn) for 2019-2030 included in each section.
Software & Solutions
Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue (USD mn) are available for 2019-2030. The breakdowns of key national markets by Offering and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Europe industrial IoT market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
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Ankur Gupta, Head Marketing & Communications