Market Research Report
Europe Internet Of Things (IoT) Integration Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||574476|
|Published||Content info||112 Pages
Delivery time: 2-3 business days
|Europe Internet Of Things (IoT) Integration Market Forecast 2019-2027|
|Published: April 8, 2019||Content info: 112 Pages||
European Internet of Things (IoT) integration market is projected to exhibit a CAGR rise of 34.64% between the years 2019-2027. Factors like increasing government funding to support IoT, rising demand of connected devices, various government initiatives to support the Internet of Things (IoT) and the emergence of numerous IoT startups are positively influencing the market growth in this region.
The economies of the United Kingdom, France, Germany, Italy, Spain and the remaining countries forming the Rest of Europe regional segment are the major revenue contributors to the Europe IoT integration market. The key factors that are positively influencing the growth of IoT integration market in Europe are increasing government funding to support IoT and the rising demand for connected devices.
Europe IoT integration market is widely applied in the industrial automation sector for minimizing operating costs when automation devices, sensors, and actuators become internet-enabled devices. IoT integration services and solutions are hailed as a game changer in the automotive sector, especially in Germany. However, the overall complexity related to IoT integration might prove challenging for market growth in the coming years.
Companies like Softdel, Meshed Group, Accenture PLC, HCL Technologies Limited, NTT Data Corporation, Infosys Limited, Tech Mahindra Limited, Wipro Limited, Deloitte Touche Tohmatsu Limited, Mulesoft Inc., Allerin, International Business Machines Corporation (IBM), Ayla Networks Inc., Tata Consultancy Services Limited (TCS), Phitomas, Intel Corporation, Cognizant Technology Solutions Corporation, Smartbear Software Inc. (acquired by Francisco Partner), Tibbo Systems, Capgemini SE, and ATOS SE are operating in the market.