Europe Internet of Things (IoT) Market 2017 - Insights, Demand, Segmentation, Opportunities, Analysis and Forecast to 2025

Europe Internet of Things (IoT) Market Outlook

Market Overview

Interconnection of devices and humans through wireless communication networks introduced a concept of the smart environment. European Union actively accepted the concept of IoT and is on the path to becoming a potential market for internet of things (IoT) business. The ongoing trend of cloud computing, big data analytics, and internet of things (IoT) are bringing considerable change in European market. High internet penetration and investment in hardware and infrastructure by European Commission are constructing potential markets for IoT in Europe. In 2015, support the internet-driven environment, the European Commission has launched an Association named Alliance for Internet of Things Innovation (AIOTI) which is one of the largest European IoT associations.

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Russia and Germany are more inclined towards the acceptance of new gadgets. Russian market contributes a huge demand for hi-tech wearable whereas Germany accounted for high adoption rate of health monitoring devices and fitness trackers. Moreover, rising internet penetration and demand for smartphones in Europe are boosting the growth of IoT market in the region.

Market Segmentation

Europe IoT Market is categorized on the following basis:

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 Others (Education)
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

The U.K. {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Germany {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
France {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Italy {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Spain {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Poland {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Sweden {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Russia {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Rest of Europe {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
Market Size and Forecast (2016-2024)

The IoT market for Europe is expected treach USD 432.80 billion in 2024 from USD 108.7 billion in 2016. The Europe IoT market is estimated tgrow at remarkable CAGR of 18.32% during the forecast period.

Germany is has the largest IoT software market as compared tother European countries. In 2015, 31% of total revenue generated from IoT in Europe is occupied by software segment. Complexity in digital infrastructure has increased the demand of security and data management software in Europe. Data management and security software is expected tgrow at a CAGR of 19.17% and 22.00% during the forecast period.

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.

Consumer electronics segment is anticipated tattain 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. Transportation and logistics segment is estimated tcapture 23% of total revenue of IoT in Europe over the forecast period. Industrial automation has reduced the operating cost and increased the production of the manufacturing industry. Retail and digital marketing is majorly driving the economic development of Europe. U.K. occupies the largest share in IoT in retail industry in Europe. Healthcare and agriculture sector is alsexpected tgrow at a healthy rate during the forecast period.

Market Drivers and Challenges

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. Increasing penetration of smart and rising demand of smart sensors, wearable and automotive sensors are fuelling the expansion of sensors & 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.

Privacy is the main concern which is inhibiting the market expansion of IoT in Europe. Combination of physical and virtual environment increases the risk of accessing and illegal use of data. Due tless human interaction risk of hacking or data violation increases. This is the major factor which is prohibiting the adoption of IoT in many European countries. Consumer sentiments related with liability of IoT devices are inhibiting the growth of Europe IoT market. Although over 80% of enterprises are assuring for security with the deployment of IoT, however people are not confident that their data are secured is restricting IoT business expansion in the region.

Key Market Players

CiscSystems Inc.
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
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.
Scope Background
Market Synopsis
Market Segmentation

The Europe IoT Market is segmented as follows:

By Components (Market Size, Demand Analysis and Growth Analysis)
By Software (Market Size, Demand Analysis and Growth Analysis)
By End-User (Market Size, Demand Analysis and Growth Analysis)
By Application (Market Size, Demand Analysis and Growth Analysis)
By Regions

North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments
Key Market Players

Synopsis
Business Strategy
Product Portfolio
SWOT Analysis

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