Nordic Countries Industrial Internet Of Things Market Size & Outlook
The industrial internet of things market in Nordic Countries is expected to reach a projected revenue of US$ 75,017.9 million by 2030. A compound annual growth rate of 25.1% is expected of Nordic Countries industrial internet of things market from 2024 to 2030.
Revenue, 2023 (US$M)
$15,679.1
Forecast, 2030 (US$M)
$75,017.9
CAGR, 2024 - 2030
25.1%
Report Coverage
Nordic Countries
Nordic Countries industrial internet of things market, 2018-2030 (US$M)
Related Markets
Nordic Countries industrial internet of things market highlights
- The Nordic Countries industrial internet of things market generated a revenue of USD 15,679.1 million in 2023 and is expected to reach USD 75,017.9 million by 2030.
- The Nordic Countries market is expected to grow at a CAGR of 25.1% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial internet of things market data book summary
| Market revenue in 2023 | USD 15,679.1 million |
| Market revenue in 2030 | USD 75,017.9 million |
| Growth rate | 25.1% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Platform |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service, Platform |
| Key market players worldwide | ABB Ltd, ARM Holdings PLC ADR, Microchip Technology Inc, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, Intel Corp, International Business Machines Corp, Microsoft Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG |
Other key industry trends
- In terms of revenue, Nordic Countries accounted for 4.0% of the global industrial internet of things market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial internet of things market is projected to lead the regional market in terms of revenue in 2030.
- Nordic Countries is the fastest growing regional market in Europe and is projected to reach USD 75,017.9 million by 2030.
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Industrial Internet Of Things Market Scope
Industrial internet of things market segmentation & scope
Remote Monitoring
Data Management
Analytics
Security Solutions
Others
Professional
Managed
Connectivity Management
Application Management
Device Management
Metal & Mining
Chemical
Manufacturing
Energy & Power
Oil & Gas
Healthcare
Logistics & Transport
Agriculture
Others
Industrial Internet Of Things Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Nordic Countries industrial internet of things market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial internet of things market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 51.63% in 2023. Horizon Databook has segmented the Nordic Countries industrial internet of things market based on solution, service, platform covering the revenue growth of each sub-segment from 2018 to 2030.
- Nordic Countries Industrial Internet Of Things Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Remote Monitoring
- Data Management
- Analytics
- Security Solutions
- Others
- Service
- Professional
- Managed
- Platform
- Connectivity Management
- Application Management
- Device Management
- Solution
- Nordic Countries Industrial Internet Of Things End Use Outlook (Revenue, USD Million, 2018-2030)
- Metal & Mining
- Chemical
- Manufacturing
- Energy & Power
- Oil & Gas
- Healthcare
- Logistics & Transport
- Agriculture
- Others
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Target buyers of Nordic Countries industrial internet of things market databook
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Our clientele includes a mix of industrial internet of things market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Nordic Countries industrial internet of things market , including forecasts for subscribers. This country databook contains high-level insights into Nordic Countries industrial internet of things market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Nordic Countries industrial internet of things market size, by component, 2018-2030 (US$M)
Nordic Countries Industrial Internet Of Things Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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