Europe Internet of Everything Market Report 2022: €7.5 billion EU support in the form of the Digital Europe program strengthens the sector – ResearchAndMarkets.com | Wbactive

DUBLIN–(BUSINESS WIRE)–Added Europe Internet of Everything Market Size, Share & Industry Trends Analysis Report by Vertical, Component, Country and Growth Forecast, 2022-2028 report ResearchAndMarkets.com Offer.

The European Internet of Everything (IoE) market would register a CAGR of 15.9% market growth during the forecast period (2022-2028).

IoE devices all produce raw data. Such information from independent devices has no practical value. However, this data does not become processed data until it has been collected, examined, categorized and aggregated by all devices. The data processed is extremely meaningful as it can be used to strengthen and regulate a range of IoE systems.

To analyze the data produced by the IoE network, several industries use machine learning, artificial intelligence or IoT-based methods. These procedures ensure that the correct information is transmitted to the right place over the network. Businesses can improve their processes and refine their strategies to leverage data faster than their competitors. Consequently, technology-based processes enable organizations to make decisions faster.

Digitization is an emerging trend in Europe. The European Commission’s focus on making the region a digital hub is increasing. The EU has also underscored its efforts with the launch of the new Digital Europe program in 2021. Supercomputing, cybersecurity, artificial intelligence, advanced digital skills and digital innovation hubs are the five core competence areas of the Digital Europe (DIGITAL) programme. the European Commission would fund strategically.

With a total budget of EUR 7.5 billion, the program aims to promote the digital transformation of European society and economy and benefit everyone involved, but especially small and medium-sized enterprises. The aim of the EU’s digital single market is to create a single market for digital services within the Union while maintaining fair competition, high consumer protection standards and the protection of personal data for European consumers and companies. Therefore, this factor would accelerate the growth of the regional Internet of Everything market.

The German market dominated the European Internet of Everything (IoE) market by country in 2021 and would continue to be a dominant market through 2028; This will bring the market value to $180.8 billion by 2028. The UK market has a CAGR of 15% over the period (2022-2028). Furthermore, the French market would register a CAGR of 16.8% over the period (2022-2028).

Based on vertical, the market is segmented into Manufacturing, Retail, IT & Telecom, BFSI, Healthcare and Others. Based on components, the market is segmented into hardware, software and services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.

The market research report includes the analysis of the major market players. Major companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), AT&T Intellectual Property, Bosch.IO GmbH (Robert Bosch GmbH), Cisco Systems, Inc., Fujitsu Limited , Google LLC, Hewlett-Packard Enterprise Company, IBM Corporation, Microsoft Corporation and SAP SE.

scope of the study

Market Segments Covered in the Report:

Through Vertical

  • manufacturing

  • retail trade

  • IT & Telecom

  • BFSI

  • healthcare

  • Other

By component

  • hardware

  • software

  • Services

By country

  • Germany

  • United Kingdom

  • France

  • Russia

  • Spain

  • Italy

  • rest of Europe

Important market participants

List of companies profiled in the report:

  • Amazon Web Services, Inc. (Amazon.com, Inc.)

  • AT&T Intellectual Property

  • Bosch.IO GmbH (Robert Bosch GmbH)

  • Cisco Systems, Inc.

  • Fujitsu Limited

  • Google LLC

  • Hewlett Packard Enterprise Company

  • IBM Corporation

  • Microsoft Corporation

  • SAPSE

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitive Analysis – Global

Chapter 4. Europe Internet of Everything (IoE) Market by Industry

Chapter 5. Europe Internet of Everything (IoE) Market by Component

Chapter 6. Europe Internet of Everything (IoE) Market by Country

Chapter 7. Company Profiles

For more information about this report, visit https://www.researchandmarkets.com/r/twwaum

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