Europe Iot Device Management Market Size & Outlook
Europe iot device management market, 2018-2030 (US$M)
Related Markets
Europe iot device management market highlights
- The Europe iot device management market generated a revenue of USD 968.8 million in 2023.
- The market is expected to grow at a CAGR of 34% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating category in 2023.
- Service is the most lucrative category segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 968.8 million |
| Market revenue in 2030 | USD 7,514.2 million |
| Growth rate | 34% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
| Key market players worldwide | Bosch, Smith Micro Software Inc, International Business Machines Corp, Microsoft Corp, Oracle Corp, PTC, Omnicom Group Inc, Advantech, Aeris |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.7% of the global iot device management market in 2023.
- Globally, North America 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 7,382.0 million by 2030.
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IoT Device Management Market Scope
IoT Device Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe iot device management 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 iot device management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.7% in 2023. Horizon Databook has segmented the Europe iot device management market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
The growth in the European IoT market is expected to be driven by the evolution of the startup ecosystem .Growing investments in the IoT infrastructure and the collaborative measures taken by prominent players are expected to boost the IoT device management market in the Europe.
The IoT-European Platform Initiative (IoT) has been established for the development of a sustainable IoT ecosystem in Europe. The initiative will maximize opportunities in Europe for the IoT device management market.
The Alliance for Internet of Things Innovation (AIOTI) was introduced by the European Commission for the growth of the innovative and industry-driven European IoT ecosystem. The step is expected to boost the growth of the IoT device management market in Europe.
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Target buyers of Europe iot device management market databook
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Our clientele includes a mix of iot device management 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 continent-level data and insights on the Europe iot device management market , including forecasts for subscribers. This continent databook contains high-level insights into Europe iot device management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe iot device management market size, by country, 2018-2030 (US$M)
Europe IoT Device Management Market Outlook Share, 2023 & 2030 (US$M)
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