Press release
Europe 5G in IoT Market 2020-2027 | Demand, Share, Size, Development, Opportunity, Growth Factors, Major Companies and Forecast | AT&T Inc., BT Group Plc, Huawei Technologies Co., Ltd, Nokia Corporation and Qualcomm Corporation
Europe 5G in IoT Market
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Europe 5G in IoT market: Companies Mentioned
AT&T Inc.
BT Group Plc
Huawei Technologies Co., Ltd
Nokia Corporation
Qualcomm Corporation
Singapore Telecommunications Limited (Singtel)
Telefonaktiebolaget LM Ericsson
Telefónica S.A.
Telstra Corporation Limited
Vodafone Group PLC
Market Insights
The idea of IoT has gained traction over the past few years. Several companies and industries are focused on technology to maximally leverage the IoT as well as on regulatory protocols to promote uniformity and standardization. The IoT is assisting in optimizing process efficiencies across various industries, such as manufacturing, and transportation and logistics. Various economic, technological, and behavioral changes are empowering the growth and adoption of IoT worldwide. Due to the robust growth of IoT across the region, the number of connected devices is also increasing all over the world. According to the European Telecommunications Standards Institute, a nonprofit organization based in Europe, the number of connected devices in the IoT is projected to be outstripping the world population, and it is expected to exceed US$ 20 Bn by 2020.
The current hyper-connected, swiftly progressive, and technology-enabled era is encouraging multiple inventions and disruptions, bringing an entire change in the technology-sustained ecosystem. While paved its way in the past few years, 4G technology ushered internet experiences for the masses, which were driven by great connectivity and high speeds. Now, with the introduction of 5G, the IoT industry is certainly waiting for much more. Among many other areas of technology, the IoT would experience some massive transformations that would enhance the effectiveness of all communications taking place between devices and enterprise applications.
The 5G technology would certainly transform the connected IoT devices; the connected devices would take a great hike in the coming years globally, especially for industrial connections, which are a critical component of smart cities. However, according to the telecommunications experts, 4G networks are not capable of managing connected cities; hence, the announcement of 5G networks is at full-throttle to support the massive amount of data that smart cities and others would generate.
Europe 5G in IoT market: Radio Technology Insights
The Europe 5G in IoT market by radio technology was led by 5G NR Non-standalone architecture segment. 5G NR standalone architecture segment held the second largest market in 2019 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Europe 5G in IoT market: Device Range Insights
The Europe 5G in IoT market by device range was led by wide range IoT devices segment. Short range IoT devices segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.
Europe 5G in IoT market: End-User Industry Insights
The Europe 5G in IoT market by end-user industry was led by manufacturing segment. The manufacturing industry is expected to have positive impacts by the deployment of 5G networks in Europe. The manufacturing industry has remained a consistent adopter of new technologies. The spending of IoT amongst manufacturers would be hugely focused on solutions that support manufacturing operations
Rest of Europe 5G in IoT Market by Radio Technology
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Europe 5G in IoT market: Strategic Insights
The market players present in 5G in IoT market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the globe which is permitting the company to maintain its brand name. Few of the recent developments are listed below;
2019: Singtel announced its collaboration with Ericsson and Singapore Polytechnic to open its new facility named as “5G Garage” for the development of the 5G ecosystem in the country.
2019: Telstra announced its partnership with Ericsson for enhancing the Melbourne Cricket Ground (MCG) mobile coverage with the help of 5G networks for the Australian Football League (AFL) grand finale.
2019: Vodafone announced the inauguration of its Digital Innovation Hub in Media City, UK, Salford. Through this hub the company give access to 5G technologies such as IoT, high speed fiber as well as NB-IoT.
EUROPE 5G IN IOT MARKET – MARKET SEGMENTATION
Europe 5G in IoT Market by Radio Technology
5G NR Standalone Architecture
5G NR Non-Standalone Architecture
Europe 5G in IoT Market by Device Range
Short Range IoT Devices
Wide Range IoT Devices
Europe 5G in IoT Market by End-User Industry
Manufacturing
Energy and Utilities
Government
Healthcare
Transportation and Logistics
Mining
Others
Europe 5G in IoT Market by Country
France
Germany
Italy
UK
Russia
Rest of Europe
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