Spain IoT market is expected to witness a significant growth with the CAGR of approximately 20.8% during the forecast period. According to the study conducted by Eurostat news release in December 2017, it was found that 93% people use smart phones to access the internet, but they don’t use other devices. Additionally, 58% of population used laptops or notebooks for accessing internet followed by 45% and 42% usage of desktops and tablets respectively. As consumer IT has evolved and products reaching consumer have become even more sophisticated, many workers in Spain are starting to prefer using their own technology in their day to day work, in turn fueling the IoT market.
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Moreover, the players are actively present in the Spain IoT market contributing to fuel its growth. For example, Orange in May 2017 has teamed up with Tyco for the launch of Smartphone-based ‘smart security’ service for the Orange customers in Spain. With this service, user’s home is connected to the Monitoring Centre of the Tyco ensuring 24-hour connection with the police, and monitoring by a team of expertise, guaranteeing a response on the triggered of the alarm.
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Spain IoT market is segmented on the basis of infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public & services, transportation, retail, individuals, and others (manufacturing). Healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public & Services includes government, BFSI, others (hospitality and entertainment).transportation segment include aerospace, automotive, rails and systems, and marine. Further, based on the infrastructure, the market is segmented into smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).
Some of the major players operating in the Spain IoT market include Dell EMC, AT&T Inc., Apple Inc., and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in Spain market.
Market Segmentation
Spain IoT Market by Infrastructure
- Platform
- Mobile Networks And Access Technologies
- Cloud Solutions/Storage And Processing
- Analytics
- Security
Spain IoT Market by Vertical
- Healthcare
- Health
- Pharmaceuticals Segment
- Biotechnology
- Energy
- Public & Services
- Government
- BFSI
- Others (Hospitality And Entertainment)
- Transportation
- Aerospace
- Automotive
- Rails And Systems
- Marine
- Retail
- Individuals
- Others (Manufacturing)
Spain IoT Market By Application
- Smart Home
- Smart Wearables
- Smart Cities
- Smart Grid
- IoT Industrial Internet
- IoT Connected Cars
- IoT Connected Healthcare
- Others(Toys And Drones)
Company Profiles
- Dell EMC
- Apple Inc.
- Amazon Web Services
- AT&T Inc.
- Cisco systems Inc.
- HCL Technologies
- Ericsson
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