| Product Code: ETC12853270 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of IoT devices in Portugal saw significant growth in 2024, with Belgium, Germany, Spain, China, and the UK emerging as the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), shifted from moderate to high concentration within a year, indicating a more consolidated market landscape. The impressive Compound Annual Growth Rate (CAGR) of 27.26% from 2020 to 2024 highlights the increasing demand for IoT devices in Portugal. Moreover, the remarkable growth rate of 56.82% in 2024 underscores the rapid expansion and adoption of IoT technology in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Portugal IoT Device Market Overview |
3.1 Portugal Country Macro Economic Indicators |
3.2 Portugal IoT Device Market Revenues & Volume, 2021 & 2031F |
3.3 Portugal IoT Device Market - Industry Life Cycle |
3.4 Portugal IoT Device Market - Porter's Five Forces |
3.5 Portugal IoT Device Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.6 Portugal IoT Device Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Portugal IoT Device Market Revenues & Volume Share, By Communication Technology, 2021 & 2031F |
3.8 Portugal IoT Device Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Portugal IoT Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of smart home devices and solutions in Portugal |
4.2.2 Growing demand for industrial IoT applications in sectors such as manufacturing and logistics |
4.2.3 Government initiatives and investments in smart city projects to enhance infrastructure and services |
4.3 Market Restraints |
4.3.1 Data privacy and security concerns among consumers and businesses |
4.3.2 Lack of standardized regulations and protocols for IoT devices |
4.3.3 High initial costs associated with implementing IoT solutions and devices |
5 Portugal IoT Device Market Trends |
6 Portugal IoT Device Market, By Types |
6.1 Portugal IoT Device Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Portugal IoT Device Market Revenues & Volume, By Device Type, 2021 - 2031F |
6.1.3 Portugal IoT Device Market Revenues & Volume, By Smart Sensors, 2021 - 2031F |
6.1.4 Portugal IoT Device Market Revenues & Volume, By Wearables, 2021 - 2031F |
6.1.5 Portugal IoT Device Market Revenues & Volume, By Edge Devices, 2021 - 2031F |
6.2 Portugal IoT Device Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Portugal IoT Device Market Revenues & Volume, By Smart Homes, 2021 - 2031F |
6.2.3 Portugal IoT Device Market Revenues & Volume, By Industrial Automation, 2021 - 2031F |
6.2.4 Portugal IoT Device Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3 Portugal IoT Device Market, By Communication Technology |
6.3.1 Overview and Analysis |
6.3.2 Portugal IoT Device Market Revenues & Volume, By Bluetooth, 2021 - 2031F |
6.3.3 Portugal IoT Device Market Revenues & Volume, By Zigbee, 2021 - 2031F |
6.3.4 Portugal IoT Device Market Revenues & Volume, By Wi-Fi, 2021 - 2031F |
6.4 Portugal IoT Device Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Portugal IoT Device Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.4.3 Portugal IoT Device Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.4.4 Portugal IoT Device Market Revenues & Volume, By Healthcare, 2021 - 2031F |
7 Portugal IoT Device Market Import-Export Trade Statistics |
7.1 Portugal IoT Device Market Export to Major Countries |
7.2 Portugal IoT Device Market Imports from Major Countries |
8 Portugal IoT Device Market Key Performance Indicators |
8.1 Average number of connected devices per household or business |
8.2 Percentage increase in IoT device installations in key industries |
8.3 Rate of adoption of IoT solutions in public sector projects |
8.4 Average time taken to resolve security breaches or data privacy issues |
8.5 Percentage of IoT devices compliant with industry standards and regulations |
9 Portugal IoT Device Market - Opportunity Assessment |
9.1 Portugal IoT Device Market Opportunity Assessment, By Device Type, 2021 & 2031F |
9.2 Portugal IoT Device Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Portugal IoT Device Market Opportunity Assessment, By Communication Technology, 2021 & 2031F |
9.4 Portugal IoT Device Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Portugal IoT Device Market - Competitive Landscape |
10.1 Portugal IoT Device Market Revenue Share, By Companies, 2024 |
10.2 Portugal IoT Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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