The Europe IoT Cloud Platform Market would witness market growth of 14.1% CAGR during the forecast period (2022-2028).
Industry 4.0 and IoT are at the forefront of new technological approaches for creating, managing, and controlling the entire logistics chain, or smart industrial automation. Manufacturing has undergone significant changes as a result of industry 4.0 and the growing acceptance of IoT, which force businesses to adopt novel, watchful, and intelligent strategies.
It also influences business to increase production with technologies that support and fuel human labor with robotics and reduce industrial accidents as a result of any process failure. Moreover, it is anticipated that during the forecast period, the healthcare industry would use more IoT cloud platforms.
High efficiency, high dependability, scalability, and virtualization are just a few advantages that come with integrating the cloud computing and internet in healthcare. Hospitals are able to electronically store all patient records, including documents, photos, and videos, owing to the use of IoT cloud platforms.
IoT-related advanced solutions and technologies would benefit from the regional market's fast digitalization across all industries. European IoT adoption is being driven by Germany, the UK, Spain, France, Italy, and the Netherlands, although Eastern Europe and the Nordic nations aren't far behind. The European Commission (EC) announced that it has approved a significant amount of public funding from Germany, France, the UK, and Italy to fully support an aspirational effort for collaborative work development in microelectronics related to connected car solutions. This will boost regional IoT cloud platform market expansion.
The Germany market dominated the Europe IoT Cloud Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,679.2 Million by 2028.The UK market is anticipated to grow at a CAGR of 13.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15% during (2022 - 2028).
Based on Application, the market is segmented into Industrial Automation & Smart Manufacturing, Smart Infrastructure, Automotive, Healthcare, Retail & E-commerce, BFSI and Others. Based on Organization Size, the market is segmented into Large Size Organizations and Small & Medium Sized Organizations. Based on Offering, the market is segmented into Platform (Without Services) and Services. Based on Platform Type, the market is segmented into Device Management, Connectivity & Communication and Analytics. Based on Deployment Type, the market is segmented into Commercial, Private and Hybrid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IoT Cloud Platform Market will Hit $39.8 Billion by 2028, at a CAGR of 14.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Microsoft Corporation, Google LLC, Cisco Systems, Inc., IBM Corporation, Oracle Corporation, Salesforce, Inc., Siemens AG, Alibaba Group Holding Limited, and Robert Bosch GmbH.
By Application
By Organization Size
By Offering
By Deployment Type
By Country
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