The Europe 5G Internet of Things Market is expected to witness market growth of 68.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 5G Internet of Things Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $27.06 billion by 2031. The UK market is exhibiting a CAGR of 67.1% during 2024-2031. Additionally, the France market would experience a CAGR of 69.9% during 2024-2031.
Industrial 5G enables comprehensive tracking of goods in transit through IoT devices and sensors embedded in packages and shipping containers. Real-time monitoring allows businesses to respond instantly to disruptions, improving logistics efficiency and enhancing customer satisfaction. Industrial 5G supports smart grid technologies that manage and optimize energy distribution in the energy sector in real time. It enables decentralized energy management, integrating renewable energy sources, and real-time load balancing, leading to more sustainable energy consumption.
Furthermore, industrial 5G facilitates the operation of autonomous drones for various applications, including agricultural monitoring, infrastructure inspection, and delivery services. Drones can operate collaboratively in swarms, enhancing efficiency in crop monitoring and site surveys while enabling advanced data collection. Industrial 5G can connect equipment and vehicles in the mining sector for enhanced operational efficiency and safety. It allows for remote machinery control in hazardous environments, reducing risks to human workers and optimizing resource extraction processes.
Europe has been at the forefront of 5G deployments, enhancing connectivity to enable innovative IoT solutions in smart cities, energy management, transportation, and utilities. The European Commission has launched several programs, such as the 5G Action Plan for Europe, to ensure the coordinated rollout of 5G infrastructure across member states. By the year 2025, the goal is to complete the installation of uninterrupted 5G coverage in all urban areas and major transportation corridors. Moreover, the Horizon Europe program, a research and innovation initiative, has allocated substantial funding for projects focusing on 5G and IoT technologies. One notable example is the "5G-SMART" project, which explores the integration of 5G in smart manufacturing environments. Hence, this push for widespread 5G coverage, combined with strong public and private sector investments, is facilitating the growth of the market in Europe.
The Germany market dominated the Europe 5G Internet of Things Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $27.06 billion by 2031. The UK market is exhibiting a CAGR of 67.1% during 2024-2031. Additionally, the France market would experience a CAGR of 69.9% during 2024-2031.
Industrial 5G enables comprehensive tracking of goods in transit through IoT devices and sensors embedded in packages and shipping containers. Real-time monitoring allows businesses to respond instantly to disruptions, improving logistics efficiency and enhancing customer satisfaction. Industrial 5G supports smart grid technologies that manage and optimize energy distribution in the energy sector in real time. It enables decentralized energy management, integrating renewable energy sources, and real-time load balancing, leading to more sustainable energy consumption.
Furthermore, industrial 5G facilitates the operation of autonomous drones for various applications, including agricultural monitoring, infrastructure inspection, and delivery services. Drones can operate collaboratively in swarms, enhancing efficiency in crop monitoring and site surveys while enabling advanced data collection. Industrial 5G can connect equipment and vehicles in the mining sector for enhanced operational efficiency and safety. It allows for remote machinery control in hazardous environments, reducing risks to human workers and optimizing resource extraction processes.
Europe has been at the forefront of 5G deployments, enhancing connectivity to enable innovative IoT solutions in smart cities, energy management, transportation, and utilities. The European Commission has launched several programs, such as the 5G Action Plan for Europe, to ensure the coordinated rollout of 5G infrastructure across member states. By the year 2025, the goal is to complete the installation of uninterrupted 5G coverage in all urban areas and major transportation corridors. Moreover, the Horizon Europe program, a research and innovation initiative, has allocated substantial funding for projects focusing on 5G and IoT technologies. One notable example is the "5G-SMART" project, which explores the integration of 5G in smart manufacturing environments. Hence, this push for widespread 5G coverage, combined with strong public and private sector investments, is facilitating the growth of the market in Europe.
List of Key Companies Profiled
- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
Market Report Segmentation
By Offering- Solutions
- Hardware
- Software & Platform
- Services
- Large Enterprises
- Small & Medium Enterprises
- 5G Non-Standalone
- 5G Standalone
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Agriculture
- Government & Public Safety
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe 5G Internet of Things Market by Offering
Chapter 6. Europe 5G Internet of Things Market by Enterprise Size
Chapter 7. Europe 5G Internet of Things Market by Network Type
Chapter 8. Europe 5G Internet of Things Market by End User
Chapter 9. Europe 5G Internet of Things Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Europe 5G Internet of Things Market include:- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
Methodology
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