Europe Industrial IoT Market (2025-2031) | Outlook, Revenue, Companies, Share, Growth, Value, Analysis, Industry, Forecast, Size & Trends

Europe Industrial IoT Market Highlights

Report Name	Europe Industrial IoT Market
Forecast Period	2025-2031
Market Size	USD 907.52 billion by 2031
CAGR	15%
Growing Sector	Healthcare

Topics Covered in the Europe Industrial IoT Market Report

Europe Industrial IoT Market report thoroughly covers the market By Countries, By Vertical, By Component. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Industrial IoT Market Size & Analysis

Europe Industrial IoT Market was valued at USD 154.14 billion and is expected to reach USD 907.52 billion, growing at a CAGR of around 15% from 2025 to 2031. This robust growth reflects the increasing adoption of IoT technologies across industries, driven by factors such as advancements in automation, real-time data analytics, and the rising need to optimize operational efficiency. Key sectors, including manufacturing, energy, and transportation, are among the significant contributors to this growth, leveraging IoT to streamline processes and reduce costs. Additionally, the adoption of smart factories and digital transformation initiatives plays a critical role in driving market demand. Supported by technological advancements and strategic investments, the Europe IoT landscape is set to witness exponential development.

Europe Industrial IoT Market Synopsis

Europe Industrial IoT Market is experiencing significant growth due to the increasing adoption of smart technologies across manufacturing, transportation, energy, and other industrial sectors. The market is driven by advancements in connectivity solutions, such as 5G, and the growing utilization of predictive maintenance and real-time data analytics to enhance operational efficiency. Key components include sensors, platforms, and analytics software tailored to industrial needs—government initiatives promoting digital transformation and automation further fuel market growth. Major sectors like automotive, healthcare, and logistics increasingly integrate Industrial IoT solutions to optimize processes and reduce costs. With a strong focus on innovation and automation, the Europe Industrial IoT Market is poised to expand further, shaping the future of connected industries.

According to 6Wresearch, the Europe Industrial IoT Market Size is expected to reach a significant CAGR of 15% during the forecast period 2025-2031. This substantial growth is attributed to increasing investments in digital infrastructure, a surge in automation requirements across industries, and the integration of IoT-enabled solutions to improve operational efficiency. The adoption of 5G networks is expected to play a critical role in supporting high-speed connectivity, enabling faster data transmission and seamless communication between devices. Additionally, sectors such as manufacturing, energy, and healthcare are projected to dominate market adoption due to their focus on enhancing productivity while minimizing costs. The role of supportive government policies and new advancements in AI and machine learning further underscores the market's expansive potential and projected growth trajectory.

Europe Industrial IoT Market Trends

Industrial IoT Market in Europe is witnessing notable trends that are driving its rapid expansion. One key development is the shift towards predictive maintenance powered by IoT sensors, allowing industries to forecast equipment failures and reduce downtime. The increasing deployment of smart factory solutions, leveraging automation and real-time data analytics, is revolutionizing production lines. Furthermore, the integration of digital twins is enabling better visualization and simulation of industrial processes, enhancing decision-making. Sustainability initiatives are also influencing the adoption of IoT, as industries utilize connected technologies to reduce energy consumption and carbon emissions. These trends signify the growing importance of Industrial IoT in delivering operational efficiency and fostering innovation across European industries.

Investment Opportunities in the Europe Industrial IoT Market

Europe Industrial IoT industry presents significant investment opportunities due to its dynamic growth and technological advancements. Key sectors such as manufacturing, energy, and transportation are driving demand for IoT solutions to optimize efficiency and sustainability. The adoption of Industry 4.0 principles and government-backed digitalization initiatives further amplify the market potential. Investments in areas like predictive maintenance, cybersecurity, and AI-driven analytics are particularly lucrative, as industries prioritize operational resilience and data-driven decision-making. Additionally, the increasing focus on renewable energy integration and smart grid solutions offers avenues for innovation and growth. Investors can leverage these evolving trends to capitalize on the expanding ecosystem of Industrial IoT across Europe’s diverse industrial landscape.

Leading Players in the Europe Industrial IoT Market

Europe Industrial IoT Market Share is significantly influenced by leading players investing heavily in innovation and technological advancements. Companies such as Siemens AG, Bosch, ABB Ltd., and Schneider Electric dominate the landscape with robust IoT portfolios tailored to industrial needs. These firms focus on integrating AI, machine learning, and big data analytics into their solutions, enabling industries to enhance efficiency and sustainability. Startups, including Eurotech and SORBA IoT, also contribute to the competitive environment by offering niche and customizable IoT platforms. Strategic partnerships and acquisitions remain common as players aim to expand their capabilities and geographical reach, thereby strengthening Europe's position as a global hub for Industrial IoT innovation.

Government Regulations

Government regulations play a critical role in shaping the development of the Industrial IoT (IoT) market across Europe. Regulatory policies focus on ensuring data security, interoperability, and compliance with industry standards to foster a reliable digital infrastructure. The European Union’s General Data Protection Regulation (GDPR) significantly influences data privacy measures, affecting how IoT solutions handle and process data. Additionally, initiatives like the European Green Deal encourage sustainable practices and energy efficiency, prompting industries to adopt eco-friendly IoT solutions. Collaboration between governments and industry stakeholders is imperative to address challenges such as cybersecurity risks and to establish frameworks that support innovation while maintaining technological integrity and market fairness.

Future Insights of the Europe Industrial IoT Market

Europe Industrial IoT Market Growth is projected to accelerate significantly due to advancements in technologies such as 5G, artificial intelligence, and edge computing. These innovations are expected to enhance connectivity, processing power, and real-time data analysis, thereby transforming industrial operations. The ongoing focus on sustainability and energy efficiency aligns with IoT-driven solutions that optimize resource utilization and reduce environmental impact. Emerging sectors like smart manufacturing, autonomous logistics, and predictive maintenance will play a pivotal role in shaping the market’s trajectory. Furthermore, increased investment in R&D and public-private partnerships will foster innovation, ensuring Europe remains a leader in Industrial IoT adoption in the coming years.

Market Segmentation Analysis 

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Germany to Dominate the Market-By Countries

Germany is expected to dominate the market, emerging as a key player in driving growth and innovation. Its strong industrial base, advanced technological infrastructure, and skilled workforce create a competitive edge that maximizes its market potential. Furthermore, Germany’s emphasis on research and development, alongside government initiatives supporting key industries, positions it as a strategic leader in the European and global markets. Its ability to adapt to changing market demands, coupled with a robust export network, ensures resilience and growth sustainability. Germany’s leadership provides opportunities for stakeholders to tap into this dynamic and highly lucrative market.

Healthcare to Dominate the Market-By Vertical

According to Ravi Bhandari, Research Head, 6Wresearch healthcare is anticipated to dominate the market by vertical, driven by rising investments in medical technology, increasing demand for innovative healthcare solutions, and a growing focus on patient-centered care. Advances in digital health technologies, such as telemedicine and AI-driven diagnostics, are transforming the industry, enhancing efficiency and accessibility. Additionally, aging populations and the prevalence of chronic diseases are fueling the need for specialized healthcare services and products. Strategic governmental policies and funding also play a critical role in fostering market growth within the sector. This vertical's robust expansion provides significant opportunities for stakeholders, making it a primary focal point for innovation and investment.

Software to Dominate the Market-By Component

The software segment is projected to dominate the market by component, driven by its ability to offer scalable, customizable, and efficient solutions across various industries. Increasing adoption of cloud-based applications and the integration of artificial intelligence (AI) are enhancing operational capabilities, reducing costs, and enabling seamless process automation. Organizations are prioritizing software investments to remain competitive, as technological advancements continually reshape market dynamics. Furthermore, the software component's adaptability across sectors, including healthcare, manufacturing, and finance, underscores its importance in driving innovation. This prominence positions the software segment as a critical area of development and investment for market stakeholders.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe Industrial IoT Market Outlook
• Market Size of Europe Industrial IoT Market, 2024
• Forecast of Europe Industrial IoT Market, 2031
• Historical Data and Forecast of Europe Industrial IoT Revenues & Volume for the Period 2021 - 2031
• Europe Industrial IoT Market Trend Evolution
• Europe Industrial IoT Market Drivers and Challenges
• Europe Industrial IoT Price Trends
• Europe Industrial IoT Porter's Five Forces
• Europe Industrial IoT Industry Life Cycle
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Europe Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Germany Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of France Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Italy Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Russia Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Spain Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Vertical for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Manufacturing for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Energy for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Healthcare for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Retail for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Transportation for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Metals & Mining for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Manufacturing Industrial IoT Market Revenues & Volume By Agriculture for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Component for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Hardware for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Software for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Europe Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of Germany Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of United Kingdom Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of France Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of Italy Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of Russia Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of Spain Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Historical Data and Forecast of Rest of Europe Industrial IoT Market Revenues & Volume By for the Period 2021 - 2031
• Europe Industrial IoT Market - Key Performance Indicators
• Europe Industrial IoT Market - Import Export Trade Statistics
• Europe Industrial IoT Market - Opportunity Assessment By Countries
• Europe Industrial IoT Market - Opportunity Assessment By Vertical
• Europe Industrial IoT Market - Opportunity Assessment By Component
• Europe Industrial IoT Market - Opportunity Assessment By
• Europe Industrial IoT Market - Top Companies Market Share
• Europe Industrial IoT Market - Top Companies Profiles
• Europe Industrial IoT Market - Comparison of Players in Technical and Operating Parameters
• Europe Industrial IoT Market - Strategic Recommendations

Markets Covered

The market report has been segmented and sub-segmented into the following categories

By Countries

• Germany
• United Kingdom
• France
• Italy
• Russia
• Spain
• Rest of Europe

By Vertical

• Manufacturing
• Energy, Oil & Gas
• Healthcare
• Retail
• Transportation
• Metals & Mining
• Agriculture

By Component

• Hardware
• Software
• Services