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Europe IoT Technology Market Size, Share & Trends Analysis Report By End Use, By Component, By Node Component (Processor, Logic Device, Memory Device, Sensor, and Connectivity IC), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 183 Pages
  • June 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5982402
The Europe IoT Technology Market would witness market growth of 11.0% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe IoT Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of$111.06 billion by 2031. The UK market is exhibiting a CAGR of 10.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.9% during (2024 - 2031).



Industry 4.0 and digital transformation initiatives are instrumental in fostering the growth of the IoT technology market by driving the adoption of connected devices, data-driven decision-making processes, smart manufacturing practices, enhanced customer experiences, and collaborative ecosystems. As organizations continue to embrace these transformative initiatives, the demand for IoT technologies will surge, driving innovation, investment, and market expansion across various industries and sectors regionally.

Industry 4.0 initiatives advocate integrating IoT devices, sensors, and actuators into industrial machinery, equipment, and infrastructure. These interconnected devices collect real-time data on various parameters such as temperature, pressure, humidity, and performance metrics, enabling proactive maintenance, predictive analytics, and optimization of production processes. By leveraging IoT technologies, manufacturers can achieve greater visibility, control, and efficiency in their operations, improving asset utilization, reducing downtime, and enhancing product quality.

The ICT sector actively supports digital transformation initiatives in various European industries, including manufacturing, healthcare, transportation, and smart cities. By offering tailored IoT solutions and expertise, ICT companies enable organizations to modernize their operations, enhance competitiveness, and drive sustainable growth. According to the International Trade Administration (ITA), in 2024, the Italian ICT sector has experienced significant growth and innovation in recent years. It is crucial in driving economic growth, productivity, and innovation across industries. While estimates of the value of the ICT sector vary from $70 billion to over $100 billion, experts agree that it will continue to grow. Therefore, the ICT sector plays a pivotal role in boosting the IoT technology market in Europe.

Based on End Use, the market is segmented into Industrial, and Consumer. Based on Component, the market is segmented into Software Solution (Data Management, Real-Time Streaming Analytics, Remote Monitoring, Network Bandwidth Management, and Security Solution), Platform (Device Management, Application Management, and Network Management), and Services (Professional Services, and Managed Services). Based on Node Component, the market is segmented into Processor, Logic Device, Memory Device, Sensor, and Connectivity IC. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Intel Corporation
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Texas Instruments, Inc.
  • STMicroelectronics N.V.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • PTC, Inc.
  • TE Connectivity Ltd.

Market Report Segmentation

By End Use
  • Industrial
  • Consumer
By Component
  • Software Solution
  • Data Management
  • Real-Time Streaming Analytics
  • Remote Monitoring
  • Network Bandwidth Management
  • Security Solution
  • Platform
  • Device Management
  • Application Management
  • Network Management
  • Services
  • Professional Services
  • Managed Services
By Node Component
  • Processor
  • Logic Device
  • Memory Device
  • Sensor
  • Connectivity IC
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe IoT Technology Market, by End Use
1.4.2 Europe IoT Technology Market, by Component
1.4.3 Europe IoT Technology Market, by Node Component
1.4.4 Europe IoT Technology Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnership and Collaboration: 2020, Nov - 2024, May) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe IoT Technology Market by End Use
5.1 Europe Industrial Market by Country
5.2 Europe Consumer Market by Country
Chapter 6. Europe IoT Technology Market by Component
6.1 Europe Software Solution Market by Country
6.2 Europe IoT Technology Market by Software Solution Type
6.2.1 Europe Data Management Market by Country
6.2.2 Europe Real-Time Streaming Analytics Market by Country
6.2.3 Europe Remote Monitoring Market by Country
6.2.4 Europe Network Bandwidth Management Market by Country
6.2.5 Europe Security Solution Market by Country
6.3 Europe Platform Market by Country
6.4 Europe IoT Technology Market by Platform Type
6.4.1 Europe Device Management Market by Country
6.4.2 Europe Application Management Market by Country
6.4.3 Europe Network Management Market by Country
6.5 Europe Services Market by Country
6.6 Europe IoT Technology Market by Services Type
6.6.1 Europe Professional Services Market by Country
6.6.2 Europe Managed Services Market by Country
Chapter 7. Europe IoT Technology Market by Node Component
7.1 Europe Processor Market by Country
7.2 Europe Logic Device Market by Country
7.3 Europe Memory Device Market by Country
7.4 Europe Sensor Market by Country
7.5 Europe Connectivity IC Market by Country
Chapter 8. Europe IoT Technology Market by Country
8.1 Germany IoT Technology Market
8.1.1 Germany IoT Technology Market by End Use
8.1.2 Germany IoT Technology Market by Component
8.1.2.1 Germany IoT Technology Market by Software Solution Type
8.1.2.2 Germany IoT Technology Market by Platform Type
8.1.2.3 Germany IoT Technology Market by Services Type
8.1.3 Germany IoT Technology Market by Node Component
8.2 UK IoT Technology Market
8.2.1 UK IoT Technology Market by End Use
8.2.2 UK IoT Technology Market by Component
8.2.2.1 UK IoT Technology Market by Software Solution Type
8.2.2.2 UK IoT Technology Market by Platform Type
8.2.2.3 UK IoT Technology Market by Services Type
8.2.3 UK IoT Technology Market by Node Component
8.3 France IoT Technology Market
8.3.1 France IoT Technology Market by End Use
8.3.2 France IoT Technology Market by Component
8.3.2.1 France IoT Technology Market by Software Solution Type
8.3.2.2 France IoT Technology Market by Platform Type
8.3.2.3 France IoT Technology Market by Services Type
8.3.3 France IoT Technology Market by Node Component
8.4 Russia IoT Technology Market
8.4.1 Russia IoT Technology Market by End Use
8.4.2 Russia IoT Technology Market by Component
8.4.2.1 Russia IoT Technology Market by Software Solution Type
8.4.2.2 Russia IoT Technology Market by Platform Type
8.4.2.3 Russia IoT Technology Market by Services Type
8.4.3 Russia IoT Technology Market by Node Component
8.5 Spain IoT Technology Market
8.5.1 Spain IoT Technology Market by End Use
8.5.2 Spain IoT Technology Market by Component
8.5.2.1 Spain IoT Technology Market by Software Solution Type
8.5.2.2 Spain IoT Technology Market by Platform Type
8.5.2.3 Spain IoT Technology Market by Services Type
8.5.3 Spain IoT Technology Market by Node Component
8.6 Italy IoT Technology Market
8.6.1 Italy IoT Technology Market by End Use
8.6.2 Italy IoT Technology Market by Component
8.6.2.1 Italy IoT Technology Market by Software Solution Type
8.6.2.2 Italy IoT Technology Market by Platform Type
8.6.2.3 Italy IoT Technology Market by Services Type
8.6.3 Italy IoT Technology Market by Node Component
8.7 Rest of Europe IoT Technology Market
8.7.1 Rest of Europe IoT Technology Market by End Use
8.7.2 Rest of Europe IoT Technology Market by Component
8.7.2.1 Rest of Europe IoT Technology Market by Software Solution Type
8.7.2.2 Rest of Europe IoT Technology Market by Platform Type
8.7.2.3 Rest of Europe IoT Technology Market by Services Type
8.7.3 Rest of Europe IoT Technology Market by Node Component
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Texas Instruments, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 STMicroelectronics N.V.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Cisco Systems, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 IBM Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional & Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Microsoft Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.5 SWOT Analysis
9.9 PTC, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. TE Connectivity Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Acquisition and Mergers:
9.10.6 SWOT Analysis

Companies Mentioned

  • Intel Corporation
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Texas Instruments, Inc.
  • STMicroelectronics N.V.
  • Cisco Systems, Inc.
  • IBM Corporation
  • Microsoft Corporation
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • PTC, Inc.
  • TE Connectivity Ltd.

Methodology

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