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. Innovative and advanced technologies are positively impacting the industrial and public sector of European Union which is bolstering the growth of IoT devices and services in Europe. Europe IoT market segmentation has been done on the basis of components, platform, software, end-user, application and geography. Consumer electronics segment is anticipated to attain 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 hugely impacting the Europe transportation industry.
Europe IoT industry is largely dominated by Germany due to presence of largest IoT software market as compared to other European countries. In 2015, 31% of total revenue generated from IoT in Europe is occupied by software segment.

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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 Poland {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Sweden {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
o Russia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
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, platform, software, end-user and 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 size along with 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.

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