Europe 5G in IoT Market Growth and Analysis by 2027

5G in IoT market in Europe is expected to grow from US$ 322.4 Mn in 2019 to US$ 1,679.8 Mn by the year 2027. This represents a CAGR of 22.9% from the year 2019 to 2027.

In Europe region, 5G networks is in launching phase, also Europe is highly focused toward the implementation of IoT technology, 5G would be used in IoT that would highly transform the IoT industry. The Europe 5G in IoT market size is expected to gradually increase in the coming years till 2027, owing to massive and ever-increasing demand for 5G.

Market Insights

5G technology would transform the connected IoT devices  

The idea of IoT has gained traction over the past few years. Several companies and industries are focused on technology to maximally leverage the IoT as well as on regulatory protocols to promote uniformity and standardization. The IoT is assisting in optimizing process efficiencies across various industries, such as manufacturing, and transportation and logistics. Various economic, technological, and behavioral changes are empowering the growth and adoption of IoT worldwide. Due to the robust growth of IoT across the region, the number of connected devices is also increasing all over the world. According to the European Telecommunications Standards Institute, a nonprofit organization based in Europe, the number of connected devices in the IoT is projected to be outstripping the world population, and it is expected to exceed US$ 20 Bn by 2020.

The current hyper-connected, swiftly progressive, and technology-enabled era is encouraging multiple inventions and disruptions, bringing an entire change in the technology-sustained ecosystem. While paved its way in the past few years, 4G technology ushered internet experiences for the masses, which were driven by great connectivity and high speeds. Now, with the introduction of 5G, the IoT industry is certainly waiting for much more. Among many other areas of technology, the IoT would experience some massive transformations that would enhance the effectiveness of all communications taking place between devices and enterprise applications.

The 5G technology would certainly transform the connected IoT devices; the connected devices would take a great hike in the coming years globally, especially for industrial connections, which are a critical component of smart cities. However, according to the telecommunications experts, 4G networks are not capable of managing connected cities; hence, the announcement of 5G networks is at full-throttle to support the massive amount of data that smart cities and others would generate.   

Europe 5G in IoT market: Radio Technology Insights

The Europe 5G in IoT market by radio technology was led by 5G NR Non-standalone architecture segment. 5G NR standalone architecture segment held the second largest market in 2019 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

Europe 5G in IoT market: Device Range Insights

The Europe 5G in IoT market by device range was led by wide range IoT devices segment. Short range IoT devices segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

Europe 5G in IoT market: End-User Industry Insights

The Europe 5G in IoT market by end-user industry was led by manufacturing segment. The manufacturing industry is expected to have positive impacts by the deployment of 5G networks in Europe. The manufacturing industry has remained a consistent adopter of new technologies. The spending of IoT amongst manufacturers would be hugely focused on solutions that support manufacturing operations.

Rest of Europe 5G in IoT Market by Radio Technology

Europe 5G in IoT market:

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Europe 5G in IoT Market: Strategic Insights

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The market players present in 5G in IoT market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the globe which is permitting the company to maintain its brand name. Few of the recent developments are listed below;

2019:

Singtel announced its collaboration with Ericsson and Singapore Polytechnic to open its new facility named as “5G Garage” for the development of the 5G ecosystem in the country.  

2019:

Telstra announced its partnership with Ericsson for enhancing the Melbourne Cricket Ground (MCG) mobile coverage with the help of 5G networks for the Australian Football League (AFL) grand finale.

2019:

Vodafone announced the inauguration of its Digital Innovation Hub in Media City, UK, Salford. Through this hub the company give access to 5G technologies such as IoT, high speed fiber as well as NB-IoT.  

EUROPE 5G IN IOT MARKET – MARKET SEGMENTATION

Europe 5G in IoT Market by Radio Technology

• 5G NR Standalone Architecture
• 5G NR Non-Standalone Architecture

Europe 5G in IoT Market by Device Range

• Short Range IoT Devices
• Wide Range IoT Devices

Europe 5G in IoT Market by End-User Industry

• Manufacturing
• Energy and Utilities
• Government
• Healthcare
• Transportation and Logistics
• Mining
• Others

Europe 5G in IoT Market by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe 5G in IoT market: Companies Mentioned

• AT&T Inc.
• BT Group Plc
• Huawei Technologies Co., Ltd
• Nokia Corporation
• Qualcomm Corporation
• Singapore Telecommunications Limited (Singtel)
• Telefonaktiebolaget LM Ericsson
• Telefónica S.A.
• Telstra Corporation Limited
• Vodafone Group PLC

Report Scope

Europe 5G in IoT Market Regional Insights

The regional trends and factors influencing the Europe 5G in IoT Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Europe 5G in IoT Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Europe 5G in IoT Market Report Scope

Europe 5G in IoT Market Players Density: Understanding Its Impact on Business Dynamics

The Europe 5G in IoT Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Europe 5G in IoT Market are:

1. AT&T Inc.
2. BT Group Plc
3. Huawei Technologies Co., Ltd
4. Nokia Corporation
5. Qualcomm Corporation

Disclaimer: The companies listed above are not ranked in any particular order.