Europe Iot Node And Gateway Market Size & Outlook
Europe iot node and gateway market, 2018-2030 (US$B)
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Europe iot node and gateway market highlights
- The Europe iot node and gateway market generated a revenue of USD 115,982.1 billion in 2023.
- The market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 115,982.1 billion |
| Market revenue in 2030 | USD 248,637.4 billion |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.3% of the global iot node and gateway market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 79,568.5 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe iot node and gateway 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 node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.51% in 2023. Horizon Databook has segmented the Europe iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
Europe recorded a significant market share of 24% in 2022. The region is home to leading research institutions, universities, and technology companies that have been actively involved in IoT research and development. This culture of innovation has resulted in the creation of advanced IoT solutions, making Europe an attractive market for adoption.
European consumers are increasingly accepting of IoT devices and services, particularly in areas like smart homes, connected healthcare, and energy management. This consumer acceptance has driven demand for IoT products and services.
Moreover, many European cities have ambitious smart city initiatives aimed at improving urban living, sustainability, and transportation. These initiatives often rely on IoT node and gateway to collect data for better decision-making and resource allocation, which has boosted adoption in urban areas.
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Our clientele includes a mix of iot node and gateway market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe iot node and gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Europe iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe iot node and gateway market size, by country, 2018-2030 (US$B)
Europe IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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