Europe 5g Internet Of Things (iot) Market Size & Outlook

The 5g internet of things (iot) market in Europe is expected to reach a projected revenue of US$ 23,542.3 million by 2030. A compound annual growth rate of 50.6% is expected of Europe 5g internet of things (iot) market from 2025 to 2030.
Revenue, 2024 (US$M)
$2,007.0
Forecast, 2030 (US$M)
$23,542.3
CAGR, 2025 - 2030
50.6%
Report Coverage
Europe

Europe 5g internet of things (iot) market highlights

  • The Europe 5g internet of things (iot) market generated a revenue of USD 2,007.0 million in 2024.
  • The market is expected to grow at a CAGR of 50.7% from 2025 to 2030.
  • Country-wise, UK is expected to register the highest CAGR from 2025 to 2030.


Europe data book summary

Market revenue in 2024USD 2,007.0 million
Market revenue in 2030USD 23,542.3 million
Growth rate50.7% (CAGR from 2025 to 2030)
Historical data covered2020 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentation
Key market players worldwideNokia Oyj, Telefonaktiebolaget L M Ericsson ADR, ZTE Corp Class H, AT&T, Huawei Technologies, Verizon Communications Inc, Thales Group, Vodafone Group PLC, China Mobile, Microsoft Corp


Other key industry trends

  • In terms of revenue, Europe region accounted for 26.0% of the global 5g internet of things (iot) market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 37,030.4 million by 2030.
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5G Internet Of Things (IoT) Market Companies

Name Profile # Employees HQ Website

Europe 5g internet of things (iot) market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g internet of things (iot) market will help companies and investors design strategic landscapes.


Europe was identified as one of the key regions of the global 5G Internet of Things market in 2024. This is attributed to the rapid pace of digital transformation in the region and the growing inclination of multiple industries towards embracing large-scale automation, as well as IoT-enabled technology solutions for improved processes and performances. 

Numerous manufacturers, especially from sectors such as automotive, personal care, chemical, paints and coatings, consumer goods, and others, are expected to drive growing demand for IoT enabled solutions over the forecast period.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe 5g internet of things (iot) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe 5g internet of things (iot) market from 2020 to 2030, including revenue numbers, major trends, and company profiles.

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Europe 5g internet of things (iot) market size, by country, 2020-2030 (US$M)

Europe 5G Internet Of Things (IoT) Market Outlook Share, 2024 & 2030 (US$M)

Europe 5g internet of things (iot) market size, by country, 2020-2030 (US$M)

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