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
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Europe 5G in IoT market:
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Europe 5G in IoT Market: Strategic Insights
Market Size Value in US$ 322.4 Million in 2019 Market Size Value by US$ 1,679.8 Million by 2027 Growth rate CAGR of 22.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Europe 5G in IoT Market: Strategic Insights
| Market Size Value in | US$ 322.4 Million in 2019 |
| Market Size Value by | US$ 1,679.8 Million by 2027 |
| Growth rate | CAGR of 22.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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 Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Radio Technology, Device Range, End-User Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Market Segmentation
3.4.1 Europe 5G in IoT Market, By Radio Technology
3.4.2 Europe 5G in IoT Market, By Device Range
3.4.3 Europe 5G in IoT Market, By Industry Vertical
3.4.4 Europe 5G in IoT Market, By Country
4. 5G In Iot Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Needs of 5G In Manufacturing
4.4.1 Automotive Plants/Factory
4.4.2 Other Plants/Factory
4.5 5G Technology & Cars
5. 5G in IoT Market – Key Industry Dynamics
5.1 Key Drivers
5.1.1 Impact of 5G on number of connected IoT devices
5.1.2 Rapidly growing volume of traffic unlocking new 5G possibilities
5.2 Key Restraints
5.2.1 High costs of implementation of base stations and complexities involved in it
5.3 Key Opportunities
5.3.1 Optimizing 5G networks in cloud computing
5.4 Future Trend
5.4.1 Smart Manufacturing through Implementation of 5G Technology
5.5 Impact Analysis of Drivers and Restraints
6. Europe 5G in IoT Market –Market Analysis
6.1 Europe 5G in IoT Market Overview
6.2 Europe 5G in IoT Market Forecast and Analysis
6.3 Market Positioning – Top 5 Players Ranking
7. 5G In Iot Market Analysis – By Radio Technology
7.1 Overview
7.2 Europe 5G in IoT Market Breakdown, by Radio Technology, 2019 & 2027
7.3 5G NR Standalone Architecture
7.3.1 Overview
7.3.2 Europe 5G NR Standalone Architecture Market Revenue and Forecast to 2027 (US$ Mn)
7.4 5G NR Non-Standalone Architecture
7.4.1 Overview
7.4.2 Europe 5G NR Non-Standalone Architecture Market Revenue and Forecast to 2027 (US$ Mn)
8. 5G In Iot Market Analysis – By Device Range
8.1 Overview
8.2 5G in IoT Market Breakdown, By Device Range, 2019 & 2027
8.3 Short Range IoT Devices
8.3.1 Overview
8.3.2 Short Range IoT Devices Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Wide Range IoT Devices
8.4.1 Overview
8.4.2 Wide Range IoT Devices Market Revenue and Forecast to 2027 (US$ Mn)
9. 5G In Iot Market Analysis – By End-User Industry
9.1 Overview
9.2 5G in IoT Market Breakdown, By End-User Industry, 2019 & 2027
9.3 Manufacturing
9.3.1 Overview
9.3.2 Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Energy and Utilities
9.4.1 Overview
9.4.2 Energy and Utilities Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Government
9.5.1 Overview
9.5.2 Government Market Revenue and Forecast to 2027 (US$ Mn)
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare Market Revenue and Forecast to 2027 (US$ Mn)
9.7 Transportation and Logistics
9.7.1 Overview
9.7.2 Transportation and Logistics Market Revenue and Forecast to 2027 (US$ Mn)
9.8 Mining
9.8.1 Overview
9.8.2 Mining Market Revenue and Forecast to 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
9.10 Europe 5G in IoT Market Revenue and Forecast to 2027
9.10.1 Overview
9.10.1.1 U.K. 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.1.1 U.K. 5G in IoT Market Breakdown, by Radio Technology
9.10.1.1.2 U.K. 5G in IoT Market Breakdown, by Device Range
9.10.1.1.3 U.K. 5G in IoT Market Breakdown, by End-User Industry
9.10.1.2 Germany 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.2.1 Germany 5G in IoT Market Breakdown, by Radio Technology
9.10.1.2.2 Germany 5G in IoT Market Breakdown, by Device Range
9.10.1.2.3 Germany 5G in IoT Market Breakdown, by End-User Industry
9.10.1.3 France 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.3.1 France 5G in IoT Market Breakdown, by Radio Technology
9.10.1.3.2 France 5G in IoT Market Breakdown, by Device Range
9.10.1.3.3 France 5G in IoT Market Breakdown, by End-User Industry
9.10.1.4 Italy 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.4.1 Italy 5G in IoT Market Breakdown, by Radio Technology
9.10.1.4.2 Italy 5G in IoT Market Breakdown, by Device Range
9.10.1.4.3 Italy 5G in IoT Market Breakdown, by End-User Industry
9.10.1.5 Russia 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.5.1 Russia 5G in IoT Market Breakdown, by Radio Technology
9.10.1.5.2 Russia 5G in IoT Market Breakdown, by Device Range
9.10.1.5.3 Russia 5G in IoT Market Breakdown, by End-User Industry
9.10.1.6 Rest of Europe 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
9.10.1.6.1 Rest of Europe 5G in IoT Market Breakdown, by Radio Technology
9.10.1.6.2 Rest of Europe 5G in IoT Market Breakdown, by Device Range
9.10.1.6.3 Rest of Europe 5G in IoT Market Breakdown, by End-User Industry
10. 5G in Iot Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 merger & Acquisition
10.4 New Product Development
11. Company Profiles
11.1 BT Group Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Singapore Telecommunications Limited (Singtel)
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Telstra Corporation Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 AT&T Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Ericsson
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Huawei Technologies Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Telefónica S.A.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Vodafone group plc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Nokia Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Qualcomm Incorporated
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Table 2. Europe 5G in IoT Market Revenue and Forecast To 2027, By Country (US$ Mn)
Table 3. U.K. 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 4. U.K. 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 5. U.K. 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 6. Germany 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 7. Germany 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 8. Germany 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 9. France 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 10. France 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 11. France 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 12. Italy 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 13. Italy 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 14. Italy 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 15. Russia 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 16. Russia 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 17. Russia 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 18. Rest of Europe 5G in IoT Market Revenue and Forecast to 2027 – By Radio Technology (US$ Mn)
Table 19. Rest of Europe 5G in IoT Market Revenue and Forecast to 2027 – By Device Range (US$ Mn)
Table 20. Rest of Europe 5G in IoT Market Revenue and Forecast to 2027 – By End-User Industry (US$ Mn)
Table 21. Glossary of Term: 5G in IoT Market
LIST OF FIGURES
Figure 1. 5G in IoT Market, Country
Figure 2. 5G in IoT Market, By End-User Industry
Figure 3. 5G in IoT Market Overview
Figure 4. 5G in IoT Key Market Players
Figure 5. 5G in IoT Market Segmentation
Figure 6. 5G in IoT Market Segmentation – Country
Figure 7. Europe PEST Analysis
Figure 8. 5G in IoT Market Ecosystem Analysis
Figure 9. 5G in IoT Market Impact Analysis of Drivers and Restraints
Figure 10. Europe 5G in IoT Market Forecast And Analysis (US$ Mn)
Figure 11. Europe 5G in IoT Market Breakdown, by Radio Technology, 2019 & 2027 (%)
Figure 12. Europe 5G NR Standalone Architecture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Europe 5G NR Non-Standalone Architecture Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. 5G in IoT Market Breakdown, By Device Range, 2019 & 2027 (%)
Figure 15. Europe Short Range IoT Devices Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Europe Wide Range IoT Devices Market Revenue and Forecast to 2027 (US$ Mn)
Figure 17. 5G in IoT Market Breakdown, By End-User Industry, 2019 & 2027 (%)
Figure 18. Europe Manufacturing Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Europe Energy and Utilities Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Europe Government Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Europe Healthcare Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Europe Transportation and Logistics Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Global Mining Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Europe Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Europe 5G in IoT Market Breakdown, By Country, 2019 & 2027 (%)
Figure 26. U.K. 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Germany 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 28. France 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Italy 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Russia 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Rest of Europe 5G in IoT Market Revenue and Forecast to 2027 (US$ Mn)
Figure 32. 5G in IoT Market, Industry Landscape (2016-2019) %
The List of Companies
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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