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Europe IoT Market Set to Surge by 234%, Hitting USD 312.1 Billion by 2031

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ERIC Ericsson is listed as a company profile within the Europe IoT Market report. The article does not express a specific sentiment towards Ericsson's performance or prospects. SAP SAP SE is included as a company profile in the Europe IoT Market report. The article does not convey any specific sentiment, positive or negative, towards SAP.

Europe IoT Market Set to Surge by 234%, Hitting USD 312.1 Billion by 2031 Dublin, July 01, 2026 (GLOBE NEWSWIRE) -- The "Europe IoT Market" has been added to ResearchAndMarkets.com's offering.

The Europe IoT Market is a pivotal regional ecosystem, characterized by strict data protection laws, industrial digitization, and growing enterprise adoption of cloud and edge IoT solutions. Estimated at USD 133.4 billion in 2024, this market is poised to soar to USD 312.1 billion by 2031. This growth, at a CAGR of approximately 13.22%, is fueled by expanding software platform usage, increasing Manufacturing & Automotive IoT deployment, and a rise in IoT adoption across sectors like IT & Telecommunications, Government & Public Sector, and Energy & Utilities. The regional focus is increasingly on scalable, intelligent IoT solutions to ensure operational efficiency and compliance with GDPR, the EU Cyber Resilience Act, and other regulations.

Drivers:

Challenges:

What This Report Covers:

Key Highlights:

Key Topics Covered:

1. Introduction

1.1. Key Take Aways

1.2. Report Description

1.3. Markets Covered

1.4. Stakeholders

2. Research Methodology

2.1. Research Scope

2.2. Research Methodology

2.2.1. Market Research Process

2.2.2. Research Methodology

2.2.2.1. Secondary Research

2.2.2.2. Primary Research

2.2.2.3. Models for Estimation

2.3. Market Size Estimation

2.3.1. Bottom-Up Approach

2.3.2. Top-Down Approach

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Market Drivers

4.3. Restraints & Challenges

4.4. Market Opportunities

4.5. Technology & Innovation Analysis

5. Europe IoT Market By Component

5.1. Hardware

5.2. Software

5.3. Services

6. Europe IoT Market By Deployment

6.1. Cloud

6.2. On-Premise

6.3. Edge Computing

7. Europe IoT Market By Technology

7.1. Wi-Fi

7.2. 5G / Cellular

7.3. Bluetooth

7.4. RFID

7.5. Others

8. Europe IoT Market By End User

8.1. IT & Telecommunications

8.2. BFSI (Banking, Financial Services & Insurance)

8.3. Government & Public Sector

8.4. Healthcare

8.5. Retail & E-Commerce

8.6. Manufacturing & Automotive

8.7. Energy & Utilities

8.8. Media & Entertainment

8.9. Other Industries

9. Europe IoT Market By Country

9.1. Key Points

9.2. UK

9.3. Germany

9.4. Netherlands

9.5. Nordics

9.6. France, Spain & Italy (FSI)

9.7. Others

10. Competitive Landscape

10.1. Introduction

10.2. Recent Developments

10.2.1. Mergers & Acquisitions

10.2.2. New Product Developments

10.2.3. Portfolio / Production Capacity Expansions

10.2.4. Joint Ventures, Collaborations, Partnerships & Agreements

11. Company Profiles

11.1. Siemens AG

11.1.1. Company Overview

11.1.2. Product/Service Landscape

11.1.3. Financial Overview

11.1.4. Recent Developments

11.2. Ericsson

11.2.1. Company Overview

11.2.2. Product/Service Landscape

11.2.3. Financial Overview

11.2.4. Recent Developments

11.3. Bosch (Robert Bosch GmbH)

11.3.1. Company Overview

11.3.2. Product/Service Landscape

11.3.3. Financial Overview

11.3.4. Recent Developments

11.4. SAP SE

11.4.1. Company Overview

11.4.2. Product/Service Landscape

11.4.3. Financial Overview

11.4.4. Recent Developments

12. Technology and Innovation Trends

12.1. AI and Machine Learning in IoT Analytics & Automation

12.2. Edge Computing and Fog Architecture Evolution

12.3. 5G-Enabled IoT Connectivity and Network Slicing

12.4. Digital Twin Technology and Industrial IoT Integration

12.5. IoT Security Frameworks and Zero Trust Architecture

13. Regulatory and Standards Framework

13.1. GDPR and IoT Data Protection Compliance Requirements

13.2. EU Cyber Resilience Act and Connected Device Standards

13.3. ISO/IEC 27001 and IoT Information Security Management

13.4. Sector-Specific Compliance (HIPAA, IEC 62443, PCI-DSS)

13.5. National IoT Policies and EU Digital Regulatory Mandates

14. Macro-Economic Factors

14.1. Europe IoT Investment and Enterprise Digital Spending

14.2. Geopolitical Tensions and Supply Chain Disruptions

14.3. Digital Transformation and Cloud Migration Trends

14.4. IoT Talent Shortage and Managed Service Adoption

14.5. Economic Conditions and IT Budget Prioritization

15. Market Opportunities and Future Outlook

15.1. SME Adoption of IoT-as-a-Service Models

15.2. Healthcare and Critical Infrastructure IoT Expansion

15.3. Smart City and Industrial IoT Growth Opportunities

15.4. Emerging Country Markets and Regional IoT Adoption

15.5. Strategic Recommendations for Market Participants

16. Challenges and Risk Analysis

16.1. IoT Device Security and Vulnerability Management

16.2. Integration Complexity with Legacy Infrastructure

16.3. Intense Competition and Pricing Pressure Among Providers

16.4. Data Privacy and Sovereignty Concerns

16.5. Regulatory Divergence Across European Markets

17. Conclusion and Strategic Insights

17.1. Key Market Takeaways

17.2. Growth Trajectory Overview

17.3. Investment Attractiveness Assessment

17.4. Long-Term Market Outlook

18. Appendix

18.1. Glossary of Terms

18.2. Abbreviations

18.3. Additional Data Tables

Companies Featured

For more information about this report visit https://www.researchandmarkets.com/r/lg35h5

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