The Europe Enterprise IoT Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
A data platform designed for the modern era is necessary to realize enterprise IoT's potential fully. Such media must be entirely dependable, ACID-compliant, and dazzlingly fast. NoSQL databases may be excellent for handling workloads for services like Netflix, Facebook, and LinkedIn. Still, they cannot provide the data consistency and latency requirements needed by enterprise IoT applications.
The growth of IoT technologies has been facilitated by sophisticated fundamental technologies and a plethora of devices. IoT sensor integration will continue to advance in terms of affordability, sophistication, and accessibility. Due to their availability and affordability, new sensor applications, such as thorough monitoring and detection, will be possible.
In contrast, computing power has increased by almost 100 times in the last 15 years. It is possible to move the activity. Additionally, the introduction of 5G will boost mobile connectivity and create new opportunities for experiences such as augmented and virtual reality.
Digitalization is an emerging trend in Europe. The European Commission's focus on making the geography a digital hub is rising. The EU also marked its efforts with the new Digital Europe Program launch in 2021. The European Commission's Digital Europe Program (DIGITAL) will strategically invest five major competence: supercomputing, artificial intelligence, advanced digital skills, cybersecurity, and digital innovation hubs.
The Germany market dominated the Europe Enterprise IoT Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $43,915.9 million by 2028.The UK market is anticipated to grow at a CAGR of 13.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.6% during (2022 - 2028).
Based on Enterprise Type, the market is segmented into Large Enterprise and Small & Medium Sized Enterprise. Based on Component, the market is segmented into Hardware, Software & Solutions and Services. Based on Software & Solutions Type, the market is segmented into Surveillance & Security, Network & Connectivity Management, Data Management, Application Management and Device Management. Based on End-use, the market is segmented into Manufacturing, Oil & Gas, Utilities, Transport, BFSI, IT & Telecom, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Enterprise IoT Market will Hit $681.4 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon.com, Inc., Cisco Systems, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG, Robert Bosch GmbH, and PTC, Inc.
By Enterprise Type
By Component
By End-use
By Country
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