The Europe IoT Professional Services Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The need for IoT professional services has increased due to the rising demand for linked devices worldwide to ensure that connected devices operate correctly. In addition, professional IoT services help manage device vulnerabilities, provide constant connectivity, order the internet, and solve data security risks related to using connected devices. These factors contribute to the worldwide IoT professional services market's increasing demand.
Companies can increase the effectiveness of their operational processes with the help of the Internet of Things (IoT), a critical digital transformation technology. The technologies that are the driving forces include edge computing, cloud computing, and big data analytics. To meet the growing demand for the digital transformation of enterprises, IoT professional service providers were obliged to restructure their current IoT professional service offerings.
The policy framework was modified in 2018 with the Energy Efficiency Directive Amended for 2030 and Beyond. By establishing energy efficiency obligation schemes (EEOS) or implementing alternative policy measures, EU countries will be mandated to achieve new end-use energy savings of at least 0.8% of their final energy consumption annually after 2020 under the revised Article 7. The main justification for deciding to implement an EEOS is that energy providers, retailers, and distributors are in the best position to discover and realize energy savings for end users by implementing measures that enhance end-use energy efficiency.
The Germany market dominated the Europe IoT Professional Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,982 million by 2028. The UK market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.3% during (2022 - 2028).
Based on Type, the market is segmented into IoT Consulting, System Designing & Integration, Support & Maintenance, IoT Infrastructure, and Education & Training. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into On-Premises and Cloud. Based on Application, the market is segmented into Smart Manufacturing, Smart Transport & Logistics, Smart Energy, Smart Healthcare, Smart Retail, and Smart Buildings. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IoT Professional Services Market will Hit $170.7 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Cognizant Technology Solutions Corporation, IBM Corporation, Oracle Corporation, Tata Consultancy Services Ltd., NTT Data Corporation, Infosys Limited, Atos Group, Capgemini SE, and DXC Technology Company.
By Type
By Organization Size
By Deployment Type
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 