Europe IoT Cloud Market was valued at USD 7 Billion in 2022 and is projected to reach USD 22 Billion by 2030, growing at a CAGR of 15% from 2024 to 2030.
The European Internet of Things (IoT) cloud market is experiencing significant growth, propelled by rapid technological advancements and increasing industrial adoption. This expansion is characterized by diverse market types and varying requirements across different industries.
In 2024, the European IoT devices market generated approximately USD 17.4 billion in revenue, with projections indicating a Compound Annual Growth Rate (CAGR) of 15.9% from 2025 to 2030. Sensors emerged as the largest revenue-generating component in 2024, while edge devices are anticipated to register the fastest growth during the forecast period. citeturn0search2
The market is segmented based on technology, application, connectivity, and end-use sectors. Key technological components include sensors, industrial robotics, cameras, and distributed control systems. Applications span Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution Systems (MES), and Product Lifecycle Management (PLM). Connectivity options encompass wired, wireless, and hybrid models, catering to diverse industrial needs. End-use sectors such as manufacturing, transportation, energy, and healthcare are actively integrating IoT solutions to enhance operational efficiency.
The demand for high-speed data transmission has led to a surge in the adoption of optical transceivers, particularly the 100 Gigabit Fiber Optic Transceiver Market Type and requirement from industries. These transceivers are essential for supporting the vast amounts of data generated by IoT devices. The global optical transceiver market is projected to grow from USD 8.73 billion in 2022 to over USD 34 billion by 2032, reflecting a CAGR of 14.6%. citeturn0search7
In Europe, the industrial IoT market is also on an upward trajectory. Valued at approximately USD 194.4 billion in 2024, it is expected to reach USD 286.3 billion by 2029, with a CAGR of 8.1%. This growth is driven by the increasing adoption of IoT-enabled digital transformation across various industries, including manufacturing, transportation, energy, and healthcare. citeturn0search14
The European Union's commitment to enhancing IoT infrastructure is evident through substantial investments in cloud, edge, and IoT technologies. These investments aim to establish robust European supply and value chains in the cloud-to-edge-to-IoT continuum, integrating computing, connectivity, IoT, Artificial Intelligence (AI), and cybersecurity. The goal is to ensure digital autonomy and foster technological advancements within the region. citeturn0search6
In summary, the European IoT cloud market is a dynamic and rapidly evolving sector, with diverse market types and industry-specific requirements. The integration of advanced technologies, coupled with strategic investments and regulatory support, positions Europe as a key player in the global IoT landscape.
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Intel Corporation
Ayla Networks
Artik Cloud
AWS IOT
GE Predix
Microsoft
IBM Watson IoT
ThingWorx
Salesforce IoT Cloud
Telit DeviceWise
Xively
Zebra Zatar Cloud
WebNMS
Oracle
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe IoT Cloud Market
Smart Home and Consumer Electronics
Healthcare and Pharmaceuticals
Manufacturing and Industrial IoT
Transportation and Logistics
Retail and E-commerce
Smart Metering
Predictive Maintenance
Asset Tracking
Connected Assets and Devices
Remote Monitoring and Control
Public Cloud
Private Cloud
Hybrid Cloud
Cellular Networks (4G, 5G)
LPWAN (Low-Power Wide-Area Network)
Wi-Fi
Bluetooth and BLE (Low Energy)
Zigbee and Other Mesh Networks
Infrastructure-as-a-Service (IaaS)
Platform-as-a-Service (PaaS)
Software-as-a-Service (SaaS)
Managed Services
Professional Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe IoT Cloud Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe IoT Cloud Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe IoT Cloud Market, By Type
6. Europe IoT Cloud Market, By Application
7. Europe IoT Cloud Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe IoT Cloud Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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