Press release
IoT in Europe: Market Opportunities and Sizing up the main Applications : A New Path to European Prosperity
IoT in Europe: Market opportunities and main applications
Summary
"IoT in Europe: Market opportunities and main applications", a new Telecom Insider Report by GlobalData offers a thorough study of the size of the IoT market and different strategies of telecom operators in the European region. The report analyses the strategies pertaining to IoT verticals.
The high penetration of smartphones has favored the mass usage of IoT-related applications and has appeared as an essential IoT device for the IoT ecosystem. The storage capacity provided by cloud computing and the analytics stemming from big data have also foster growth of IoT. Europe will boast the most IoT connections worldwide in 2017, followed by the Americas, Asia-Pacific and Africa and Middle East, and will remain leader through 2020. GlobalData expects total IoT connections to reach 3.1 million in 2020 supported by businesses needs to optimize resources, enhance customer experience and generate new revenue streams. Cellular M2M connections are gaining traction among total SIM cards in Europe, representing 7% of the market in 2017. In terms of IoT applications in Europe, GlobalData forecasts the share of smart metering in total connections to decline to 28% in 2020, from 52% in 2017, as industrial and finance applications boom. European telcos have invested different IoT applications with telematics, fleet management, smart cities and smart home being four specific example illustrated in this report.
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The report consists of the following sections -
- Introduction: This section briefly examines the definition of IoT and M2M and offers a snapshot of the different IoT standards.
- Key Drivers: This section highlights the three main drivers behind the proliferation of IoT connections, namely the high take-up of smartphones, cloud computing and bidg data analytics (BDA).
- Market sizing: This section provides an estimate and forecast through 2020 of total IoT connections worldwide and in Europe. It also take a dive into the size of IoT in Europe by connectivity, vertical and applications
- Case studies: We continue with a review of the IoT applications that leading telecom companies - Vodafone Germany, Orange France, Telefnica Spain and O2 UK - have been following to increase presence in the IoT environment.
- Key findings and recommendations: We conclude the report with a summary of key findings and a set of recommendations for telecom operators and network vendors to grasp full opportunities on the IoT market.
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Table of Contents
Table of contents 3
List of exhibits 4
Executive Summary 5
Introduction: Definitions and standards 6
Defining the IoT and M2M
IoT standards
Main challenges
Section 1: Main opportunities and challenges 10
Smartphones growth
Cloud computing
Big data analytics
Section 2: Market sizing 14
IoT Connections - International Benchmark
IoT by connectivity - Europe
M2M in total SIM cards - Europe
IoT by applications - Europe
IoT by vertical - Europe
Section 3: Case Studies 20
Vodafone Germany - Telematics
Telefnica Spain - Smart cities
Orange France - Fleet management
O2 UK - Smart houses
Section 4: Key Findings and Recommendations 29
Appendix 32
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