The report analyzes these key players in the l Europe IoT market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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COVID-19 Scenario:
► The outbreak of the COVID-19 pandemic had negatively impacted the growth of the Europe IoT market, owing to the shutdown of production networks by major automotive OEMs.
► During the COVID-19 pandemic, supply chain activities were massively disrupted leading to hindrances on the growth of the IoT industry in Europe.
The report offers a detailed segmentation of the global Europe IoT market based on component, deployment model, organization size, platform, technology, industry vertical, and region.. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Based on component, the solution segment held the major market share in 2021, holding two-thirds of the Europe IoT market share, and is expected to maintain its leadership status during the forecast period. However, the service segment, is expected to cite the fastest CAGR of 20.4% during the forecast period.
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On the basis of deployment mode, the on premise segment held the largest market share in 2021, accounting for nearly three-fifths of the Europe IoT market share, and is expected to maintain its leadership status during the forecast period. Nonetheless, the cloud segment, is expected to cite the highest CAGR of 20.2% during the forecast period.
In terms of enterprise, the large enterprises segment held the largest market share in 2021, accounting for nearly two-thirds of the Europe IoT market share and is expected to maintain its leadership status during the forecast period. Nevertheless, the SMEs segment, is expected to cite the highest CAGR of 20.2% during the forecast period.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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The report presents in-depth insights into each of the leading Europe IoT market end user verticals along with annual forecasts to 2031. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
Key Market Players:
► Amazon Web Services, Inc.
► Bosch.IO GmbH
► Hewlett Packard Enterprise Development LP
► IBM
► Microsoft
► NortonLifeLock Inc.
► SAP SE
► Sophos Ltd.
► Thales
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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