PUBLISHER: KBV Research | PRODUCT CODE: 1635285
PUBLISHER: KBV Research | PRODUCT CODE: 1635285
The Europe IoT Data Management Market would witness market growth of 14.2% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe IoT Data Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,157.2 million by 2031. The UK market is exhibiting a CAGR of 13.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15% during (2024 - 2031).
Agricultural IoT solutions collect data on soil moisture, weather conditions, crop health, and livestock management. Data management platforms aggregate and analyze this data to help farmers make better irrigation, fertilization, and crop rotation decisions, ultimately enhancing yield and resource management.
Moreover, retailers use IoT data management to track inventory, monitor customer behaviour, and optimize supply chains. IoT-enabled smart shelves, RFID tags, and customer-facing devices provide valuable data that can be used for personalized marketing, improving customer experiences, and optimizing product stocking and logistics.
The growing adoption of Internet of Things (IoT) devices among European enterprises is significantly impacting the IoT data management market in the region. As businesses increasingly deploy IoT technologies for various purposes, including security, automation, and efficiency improvements, the need for advanced data management solutions becomes more pressing. The widespread use of IoT devices across different enterprise sizes and regions drives the demand for systems that can manage, store, and process the massive volumes of data generated by these connected devices.
Based on Component, the market is segmented into Solution (Data Integration, Data Analytics & Visualization, Metadata Management, Data Security, Data Migration, and Other Solution Type) and Services (Managed Services, Consulting Services, and Support & Maintenance Services). Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into Hybrid Cloud, Private Cloud, and Public Cloud. Based on Application, the market is segmented into Smart Manufacturing, Smart Energy & Utilities, Smart Mobility & Transportation, Smart Healthcare, Building & Home Automation, Connected Logistics, Smart Retail, and Other Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe IoT Data Management Market Report Segmentation
By Component
By Organization Size
By Deployment Type
By Application
By Country