Europe IoT Technology Market

The Europe IoT technology market is estimated to reach USD 272.11 billion by 2030 from the estimated USD 246.63 billion in 2025, at a CAGR of 2.0% from 2025 to 2030.

The rise of the Internet of Things (IoT) in Europe is fueled by the intensive industrial digitalization, adoption of Industry 4.0, and the advancement of 5G and cloud technologies. The rising adoption of IoT-related solutions for smart manufacturing, energy, healthcare, and smart cities is accelerating the adoption of a data-savvy and sustainable way of working.

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The prominent players in Europe IoT technology market are STMicroelectronics (Switzerland), Siemens (Germany), SAP SE (Germany), Robert Bosch GmbH (Germany), Schneider Electric (France), NXP Semiconductors N.V. (Netherlands), TE Connectivity (Switzerland), Software AG (Germany), Arm Limited (UK), and Cellhire PLC (UK). Market players are employing various techniques, including product launches, product development, partnerships, collaborations, contracts, joint investments, strategic supplier agreements, and expansion, to gain a maximum advantage in the IoT technology market. These inorganic and organic developments help them to establish themselves in the market by offering unique and advanced IoT technology solutions.

In December 2025, STMicroelectronics(Switzerland) enhanced its ST87M01 NB-IoT modules, expanding deployment in smart meters across Europe for real-time data and sustainability goals. The upgrades emphasize compactness, low power, and secure supply chains for broader IoT markets.

STMicroelectronics (Switzerland)

STMicroelectronics is one of the key players strengthening IoT technology in Europe with its broad portfolio of low-power microcontrollers, sensors, and connectivity solutions targeted at smart industrial, automotive, and smart city applications. The company enables energy-efficient and secure IoT deployments by integrating edge AI, NB-IoT, and secure elements into its platforms. Its strong manufacturing and R&D presence in Europe supports regional supply-chain resilience and innovation. Through close collaboration with OEMs and ecosystem partners, STMicroelectronics accelerates large-scale IoT adoption across the continent. Comprehensive software ecosystems, together with reference designs and long-term product availability, are some of the key enablers provided by STMicroelectronics in supporting developers of industrial and infrastructure IoT projects in Europe. Sustainability, especially low-power design and carbon-neutral manufacturing initiatives, is well in line with regulatory and environmental European goals. Continuous investments in edge intelligence and secure connectivity further position STMicroelectronics as the foundational enabler of Europe's evolving IoT landscape.

Siemens (Germany)

Siemens is one of the major companies in the IoT technology market in Europe. The company has experience in the fields of industrial automation, digitization, and smart infrastructure to drive the development of the Internet of Things in the areas of manufacturing, energy, and the city of the future. Using the MindSphere Internet of Things operating system, the company offers organizations the ability to securely gather, process, and respond to data from machines and assets, leading to increased productivity and the implementation of predictive maintenance solutions. Siemens has offerings in the IIoT in the European region, allowing European companies, including the manufacturing sector, to implement the necessary transformation in the industry.

MARKET RANKING

The IoT technology market in Europe is highly fragmented, with a handful of large technology players capturing a significant portion of the overall market revenues. Leading companies maintain dominance through integrated hardware, software, and platform ecosystems, while major cloud and device vendors reinforce their positions via scale, strategic partnerships, and solutions tailored to specific industries. Simultaneously, numerous small and mid-sized firms operate in niche segments such as industrial IoT, healthcare, smart infrastructure, and specialized enterprise applications, contributing to a competitive yet fragmented market landscape.

Related Reports:

Europe IoT technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-Use Application, and Country

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