According to Goldstein Research, Europe IoT market is expected to reach USD 432.80 billion by 2024 from USD 108.7 billion in 2016, growing at a CAGR of 18.32% over the forecast period 2016-2024. Emerging trend of connected devices in various end-user industries by penetration of smartphones and internet connection and rising government investments and initiatives are empowering the growth of Europe IoT market. IoT market segmentation has been carried out on the basis of components, platform, software, end-user and application. Consumer electronics segment is anticipated to attain a value of USD 113 billion in 2024, growing at a CAGR of 18.73% during the forecast period. Implementation of IoT in fleet management and asset tracking is largely impacting the growth of Europe transportation industry.

Europe IoT market is dominated by Germany followed by France and Sweden on the back of increasing government investments in the high adoption of IoT technology in aviation, utilities, production and transportation industry, renewable energy fuel, medicine and bioscience.
Market Segmentation
On the basis of our in-depth analysis, Europe IoT Market can be segmented as follows:

• By Components

o Devices
 Wearable Devices
 Non-Wearable Devices
o Sensors & Actuators

• By Platforms

o By Connectivity/M2M Platforms
o By Infrastructure-as-a-Service (Iaas) Backend Platforms
o By Hardware Specific Software Platform
o 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 {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o France {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Italy {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Spain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Belgium {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Sweden {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o The Netherlands {Market Size, Growth Analysis and Opportunity Analysis}
o Rest of Europe {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

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“Europe IoT Market Outlook 2024” contains detailed overview of the Europe IoT market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components, by platform, 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. This market report also includes competitive outlook of some of the major players 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., Fujitsu Ltd., etc. 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 the Europe IoT market trends along with a market forecast that will help industry consultants, technology providers, 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.

Browse full market report@ https://www.goldsteinresearch.com/report/europe-internet-of-things-iot-market-outlook-2024-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024

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