The European IoT middleware market is projected to grow at a considerable CAGR during the forecast period (2020-2026). This growth is attributed to the rise in secured internet servers which will develop the IT infrastructure more reliable and secure in the country.
Various technology companies are further contributing to the IoT industry growth. For instance, in November 2019, Nokia, in partnership with AT&T, has unveiled IoT Innovation Studio to solve business problems related to IoT solutions, in Germany. This studio is expected to assist the companies in solving the problems related to IoT. For instance, the companies can look for solutions that can enhance asset tracking and management, including a solution that offers predictive maintenance for connected fleets and related equipment.
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In November 2019, Telit, a UK-based IoT company, make its industrial-grade 5G data card ‘FN980m’ commercially available, in UK. This new product is specifically designed for use across the globe, integrating support for all scenarios covered under the 3GPP for short, mid, and long-term deployments of 5G.
This will further include non-standalone LTE-5G NR dual connectivity (EN-DC), full 5G NR standalone mode, and share of the dynamic spectrum between 5G and LTE. This data card is expected to present new opportunities for original equipment manufacturers (OEMs), fixed wireless access, system integrators working with industrial gateways and routers, and including the professional mobile high-resolution video broadcasting equipment and beyond.
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European IoT Middleware Market – Segmentation
By Platform
· Device Management
· Application Management
· Connectivity Management
By Application
· Energy & Utilities
· Manufacturing
· Automotive
· Retail
· Healthcare
· Others (BFSI and Defense)
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