IoT in Europe is Estimated to Hit US$357.6 Billion in 2023

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The IoT in Europe is predicted to grow from US$202.3 billion in 2018 to US$357.6 billion in 2023 at a CAGR of 9.6% during the forecast period. The European IoT market is segmented based on infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into a platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public and services, transportation, retail, individuals, and others (manufacturing). The healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public and services include government, BFSI, others (hospitality and entertainment). transportation segment includes aerospace, automotive, rails and systems, and marine. Further, based on the infrastructure, the market is segmented into a smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).

+INFO: Analytics Insight

\IMAGE: Analytics Insight

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