According to TechSci Research, Germany internet of things (IoT) market is expected to grow at a formidable rate during the forecast period. The Germany internet of things (IoT) market is driven by the increasing investments by the government to improve the IT infrastructure in the country. Additionally, growing adoption of big data analytics solutions to manage and analyze the voluminous data generated across various end user industries such as BFSI, consumer goods & retail, manufacturing & engineering, among others. Furthermore, technological advancements such as development of wireless networking technologies coupled with new product launches by the major vendors operating in the market is expected to create lucrative opportunities for the market growth through 2027. However, associated data security and privacy concerns can hamper the market growth over the next few years.
With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different enterprises are also compromised. This has made organizations to work in a non-optimized manner because of which many organizations are looking for ways to improve their operational efficiencies, overall productivity and are looking for innovative ideas & solutions to improve the revenue. Similarly, the IoT industry is also drastically affected by the pandemic. While the IoT networks remain unaffected the investment in consumer IoT devices has suddenly gone down. Also, this has increased the frequency of cyber-attacks and threats.
The Germany internet of things (IoT) market is segmented based on platform, component, application, company, and region. Based on platform, the market can be categorized into device management, application management and network management. The device management segment is expected to dominate the market on account of the growing requirement for access and control IoT devices. Based on component, the market can be grouped into hardware, software and service. The hardware segment is expected to dominate the market owing to the reduction in the prices of sensors.
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The major players operating on the internet of things (IoT) market are Intel Germany GmbH, IBM Germany, Amazon Web Services Germany, Robert Bosch GmbH, Cisco Systems, SAP SE, Microsoft Germany GmbH, Oracle Corporation, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of Germany internet of things (IoT) market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Platform · Component · Application |
| Region Scope | North Rhine-Westphalia, Bavaria, Baden Wurttemberg, Hesse, Saxony & Rest of Germany |
| Key Companies Profiled | Intel Germany GmbH, IBM Germany, Amazon Web Services Germany, Robert Bosch GmbH, Cisco Systems, SAP SE, Microsoft Germany GmbH, Oracle Corporation. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Germany internet of things (IoT) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Germany internet of things (IoT) market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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