Europe Cellular Iot Market Size & Outlook, 2023-2030
The cellular iot market in Europe is expected to reach a projected revenue of US$ 9,836.5 million by 2030. A compound annual growth rate of 25.8% is expected of Europe cellular iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,975.5
Forecast, 2030 (US$M)
$9,836.5
CAGR, 2024 - 2030
25.8%
Report Coverage
Europe
Europe cellular iot market, 2018-2030 (US$M)
Europe cellular iot market highlights
- An overview of the Europe cellular iot market trends heading towards 2030. The Europe market generated a revenue of USD 1,975.5 million in 2023.
- The overall growth of the Europe market from 2023 to 2030. The market is expected to grow at a CAGR of 25.8% from 2024 to 2030.
- A look at the Europe market revenues per segment in 2023. In terms of segment, hardware was the largest revenue generating component in 2023.
- The segment witnessing the fastest revenue growth within the market. Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,975.5 million |
| Market revenue in 2030 | USD 9,836.5 million |
| Growth rate | 25.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, Europe region accounted for 32.3% of the global cellular iot market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,597.1 million by 2030.
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Cellular IoT Market Scope
Cellular iot market segmentation & scope
End Use
Agriculture
Automotive & Transportation
Consumer Electronics
Energy
Environment Monitoring
Healthcare
Retail
Smart Cities
Others
Technology
2G
3G
4G
5G
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
South Korea
Brazil
Saudi Arabia
South Africa
Cellular IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe cellular iot market
Related regional statistics
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