Europe Internet Of Things Market Growth to reach $432.80 Billion by 2024


    Europe Internet Of Things (IoT) Market Research Report 2018 to 2025 provides an in-depth analysis of the North America, Europe, Middle East and Africa, Latin America, Asia Pacific appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Europe addressable appraisal market opportunity.

    On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

    This report provides a detailed analysis of the Internet Of Things (IoT) market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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    Essential points covered in Europe Internet Of Things (IoT) Market2018 Research are:-

    • What will the market size and the growth rate be in 2025?
    • What are the key factors driving the Europe Internet Of Things (IoT) market?
    • What are the key market trends impacting the growth of the Europe Internet Of Things (IoT) market?
    • What are the challenges to market growth?
    • Who are the key vendors in the Europe Internet Of Things (IoT) market?
    • What are the market opportunities and threats faced by the vendors in the Europe Internet Of Things (IoT) market?
    • What are the key outcomes of the five forces analysis of the Europe Internet Of Things (IoT) market?

    This independent 185 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Internet Of Things (IoT) market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2025.

    Furthermore, the report provides a detailed analysis of the Europe Internet Of Things (IoT) market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the Europe Internet Of Things (IoT) market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

    Growth Drivers & 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 phone and rising demand of smart phone 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 to less 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.

    Companies Mentioned are 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.

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    Interconnection of devices and humans through wireless communication networks introduced a concept of smart environment. European Union actively accepted concept of IoT and is on the path to become a potential market for internet of things (IoT) business. 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 market for IoT in Europe. In 2015, to support the internet driven environment, European Commission has launched Association named Alliance for Internet of Things Innovation (AIOTI) which is one of the largest European IoT associations.

    Russia and Germany are more inclined towards the acceptance of new gadgets. Russian market contributes huge demand for hi tech wearable whereas Germany accounted for high adoption rate of health monitoring devices and fitness tracker. Moreover, rising internet penetration and demand of smartphones in Europe are boosting the growth of IoT market in the region. The IoT market for Europe is expected to reach USD 432.80 billion in 2024 from USD 108.7 billion in 2016. The Europe IoT market is estimated to grow at remarkable CAGR of 18.32% during the forecast period.

    Germany is has the largest IoT software market as compared to other 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 to grow 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 to attain 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 to capture 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 also expected to grow at a healthy rate during the forecast period.

    The Internet Of Things (IoT) market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, Europe economic downturn, high probability of terror attack, etc. The Europe Internet Of Things (IoT) market is expected to grow at a healthy rate during the forecast period (2018-2025). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

    However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the Europe Internet Of Things (IoT) market.

    The report provides a basic overview of the Internet Of Things (IoT) industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

    Then, the report focuses on Europe major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Internet Of Things (IoT) industry development trends and marketing channels are analyzed.

    The research includes historic data from 2014 to 2017 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Internet Of Things (IoT) on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Internet Of Things (IoT) Market and assist manufacturers and investment organization to better grasp the development course of Internet Of Things (IoT) Market.

    The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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