Europe 5G Internet of Things Market Size, Share & Trends Analysis Report By Offering, By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Network Type, By End User, By Country and Growth Forecast, 2024 - 2031
The Europe 5G Internet of Things Market would witness market growth of 68.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 5G Internet of Things Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $27,067 million by 2031. The UK market is exhibiting a CAGR of 67.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 69.9% during (2024 - 2031).
Industrial 5G enables comprehensive tracking of goods in transit through IoT devices and sensors embedded in packages and shipping containers. Real-time monitoring allows businesses to respond instantly to disruptions, improving logistics efficiency and enhancing customer satisfaction. Industrial 5G supports smart grid technologies that manage and optimize energy distribution in the energy sector in real time. It enables decentralized energy management, integrating renewable energy sources, and real-time load balancing, leading to more sustainable energy consumption.
Furthermore, industrial 5G facilitates the operation of autonomous drones for various applications, including agricultural monitoring, infrastructure inspection, and delivery services. Drones can operate collaboratively in swarms, enhancing efficiency in crop monitoring and site surveys while enabling advanced data collection. Industrial 5G can connect equipment and vehicles in the mining sector for enhanced operational efficiency and safety. It allows for remote machinery control in hazardous environments, reducing risks to human workers and optimizing resource extraction processes.
Europe has been at the forefront of 5G deployments, enhancing connectivity to enable innovative IoT solutions in smart cities, energy management, transportation, and utilities. The European Commission has launched several programs, such as the 5G Action Plan for Europe, to ensure the coordinated rollout of 5G infrastructure across member states. By the year 2025, the goal is to complete the installation of uninterrupted 5G coverage in all urban areas and major transportation corridors. Moreover, the Horizon Europe program, a research and innovation initiative, has allocated substantial funding for projects focusing on 5G and IoT technologies. One notable example is the "5G-SMART" project, which explores the integration of 5G in smart manufacturing environments. Hence, this push for widespread 5G coverage, combined with strong public and private sector investments, is facilitating the growth of the market in Europe.
Based on Offering, the market is segmented into Solutions (Hardware and Software & Platform) and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Network Type, the market is segmented into 5G Non-Standalone and 5G Standalone. Based on End User, the market is segmented into Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare, Agriculture, Government & Public Safety, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Nokia Corporation
- Ericsson AB
- ZTE Corporation
- IBM Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Verizon Communications, Inc.
- Microsoft Corporation
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Siemens AG
- Thales Group S.A.
By Offering
- Solutions
- Hardware
- Software & Platform
- Services
- Large Enterprises
- Small & Medium Enterprises
- 5G Non-Standalone
- 5G Standalone
- Manufacturing
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Agriculture
- Government & Public Safety
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe 5G Internet of Things Market, by Offering
- 1.4.2 Europe 5G Internet of Things Market, by Enterprise Size
- 1.4.3 Europe 5G Internet of Things Market, by Network Type
- 1.4.4 Europe 5G Internet of Things Market, by End User
- 1.4.5 Europe 5G Internet of Things Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe 5G Internet of Things Market by Offering
- 5.1 Europe Solutions Market by Country
- 5.2 Europe 5G Internet of Things Market by Solutions Type
- 5.2.1 Europe Hardware Market by Country
- 5.2.2 Europe Software & Platform Market by Country
- 5.3 Europe Services Market by Country
- Chapter 6. Europe 5G Internet of Things Market by Enterprise Size
- 6.1 Europe Large Enterprises Market by Country
- 6.2 Europe Small & Medium Enterprises Market by Country
- Chapter 7. Europe 5G Internet of Things Market by Network Type
- 7.1 Europe 5G Non-Standalone Market by Country
- 7.2 Europe 5G Standalone Market by Country
- Chapter 8. Europe 5G Internet of Things Market by End User
- 8.1 Europe Manufacturing Market by Country
- 8.2 Europe Energy & Utilities Market by Country
- 8.3 Europe Transportation & Logistics Market by Country
- 8.4 Europe Healthcare Market by Country
- 8.5 Europe Agriculture Market by Country
- 8.6 Europe Government & Public Safety Market by Country
- 8.7 Europe Others Market by Country
- Chapter 9. Europe 5G Internet of Things Market by Country
- 9.1 Germany 5G Internet of Things Market
- 9.1.1 Germany 5G Internet of Things Market by Offering
- 9.1.1.1 Germany 5G Internet of Things Market by Solutions Type
- 9.1.2 Germany 5G Internet of Things Market by Enterprise Size
- 9.1.3 Germany 5G Internet of Things Market by Network Type
- 9.1.4 Germany 5G Internet of Things Market by End User
- 9.2 UK 5G Internet of Things Market
- 9.2.1 UK 5G Internet of Things Market by Offering
- 9.2.1.1 UK 5G Internet of Things Market by Solutions Type
- 9.2.2 UK 5G Internet of Things Market by Enterprise Size
- 9.2.3 UK 5G Internet of Things Market by Network Type
- 9.2.4 UK 5G Internet of Things Market by End User
- 9.3 France 5G Internet of Things Market
- 9.3.1 France 5G Internet of Things Market by Offering
- 9.3.1.1 France 5G Internet of Things Market by Solutions Type
- 9.3.2 France 5G Internet of Things Market by Enterprise Size
- 9.3.3 France 5G Internet of Things Market by Network Type
- 9.3.4 France 5G Internet of Things Market by End User
- 9.4 Russia 5G Internet of Things Market
- 9.4.1 Russia 5G Internet of Things Market by Offering
- 9.4.1.1 Russia 5G Internet of Things Market by Solutions Type
- 9.4.2 Russia 5G Internet of Things Market by Enterprise Size
- 9.4.3 Russia 5G Internet of Things Market by Network Type
- 9.4.4 Russia 5G Internet of Things Market by End User
- 9.5 Spain 5G Internet of Things Market
- 9.5.1 Spain 5G Internet of Things Market by Offering
- 9.5.1.1 Spain 5G Internet of Things Market by Solutions Type
- 9.5.2 Spain 5G Internet of Things Market by Enterprise Size
- 9.5.3 Spain 5G Internet of Things Market by Network Type
- 9.5.4 Spain 5G Internet of Things Market by End User
- 9.6 Italy 5G Internet of Things Market
- 9.6.1 Italy 5G Internet of Things Market by Offering
- 9.6.1.1 Italy 5G Internet of Things Market by Solutions Type
- 9.6.2 Italy 5G Internet of Things Market by Enterprise Size
- 9.6.3 Italy 5G Internet of Things Market by Network Type
- 9.6.4 Italy 5G Internet of Things Market by End User
- 9.7 Rest of Europe 5G Internet of Things Market
- 9.7.1 Rest of Europe 5G Internet of Things Market by Offering
- 9.7.1.1 Rest of Europe 5G Internet of Things Market by Solutions Type
- 9.7.2 Rest of Europe 5G Internet of Things Market by Enterprise Size
- 9.7.3 Rest of Europe 5G Internet of Things Market by Network Type
- 9.7.4 Rest of Europe 5G Internet of Things Market by End User
- Chapter 10. Company Profiles
- 10.1 Ericsson AB
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Nokia Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 ZTE Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
- 10.4 IBM Corporation
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Regional & Segmental Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Partnerships, Collaborations, and Agreements:
- 10.4.5.2 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
- 10.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 Recent strategies and developments:
- 10.5.5.1 Product Launches and Product Expansions:
- 10.5.6 SWOT Analysis
- 10.6 Verizon Communications, Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental Analysis
- 10.6.4 Recent strategies and developments:
- 10.6.4.1 Product Launches and Product Expansions:
- 10.6.4.2 Acquisition and Mergers:
- 10.6.5 SWOT Analysis
- 10.7 Microsoft Corporation
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expenses
- 10.7.5 Recent strategies and developments:
- 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.5.2 Product Launches and Product Expansions:
- 10.7.6 SWOT Analysis
- 10.8 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 Recent strategies and developments:
- 10.8.5.1 Product Launches and Product Expansions:
- 10.8.5.2 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
- 10.9 Siemens AG
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Segmental and Regional Analysis
- 10.9.4 Research & Development Expense
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.5.2 Product Launches and Product Expansions:
- 10.9.5.3 Acquisition and Mergers:
- 10.9.6 SWOT Analysis
- 10.10. Thales Group S.A.
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
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