Europe IoT engineering services market stood at $ 2.4 billion in 2017 and is projected to grow at a CAGR of over 22% to surpass $ 7.9 billion by 2023, backed by expanding market of smart and connected devices and ongoing industrial IoT adoption. Smart projects represent the notion of ‘smart society’ formulated with smart infrastructure, pertaining to smart cities, smart homes and smart healthcare systems. These growing use cases of Social, Mobile, Analytics, Cloud and Things (SMACT) technologies in Europe are expected to aid growth of the IoT engineering services market across the region during forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• To define, segment, describe and forecast Europe IoT engineering services market on the basis of service type, end use sector and country.
• To analyze and forecast Europe IoT engineering services market size.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis end user sector by segmenting the Europe IoT engineering services market into five sectors, namely, manufacturing, transportation & logistics, energy & utilities, healthcare and others (government, agriculture, it & telecom, education, aerospace & defense).
• To identify the drivers and challenges for Europe IoT engineering services market.
• To strategically profile leading players operating in Europe IoT engineering services market.  

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Some of the major players operating in the market are Altran Technologies, SA, Capgemini SE, Cognizant Technology Solutions Corporation, IBM Corporation, Tata Consultancy Services, Tech Mahindra Limited, Happiest Minds Technologies Private Limited, and Prodapt Solutions Private Limited, among others.

 TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of major Europe IoT engineering service developers, providers and procurers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the product offerings or variants, distribution channels, and regional presence of major IoT engineering services providers.

TechSci Research calculated the Europe IoT engineering services market size using a bottom-up approach, where data for different components for standard application (end user sectors such as manufacturing, transportation & logistics, energy & utilities, healthcare and others) was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of IoT engineering services market to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• IoT Service Developers, Vendors & Distributors
• Managed Service Providers
• Cloud and Security Service Providers
• System Integrators
• End-users of IoT engineering services such as manufacturing, transportation & logistics, energy & utilities, healthcare & other sectors
• Associations, organizations, forums and alliances associated with IoT engineering services
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as IoT engineering service providers, procurers, customers and policy makers. The study would also help them to target the growing segments over the coming years and aid them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, the Europe IoT engineering services market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Market, by Service:

• Product Engineering
• Cloud Engineering
• Experience Engineering
• Security Engineering
• Others (Analytics Engineering, Maintenance, Testing & Validation)

•   Market, by End Use Sector:

• Manufacturing
• Transportation & Logistics
• Energy & Utilities
• Healthcare
• Others (IT & Telecom, Government, Education, Agriculture, Aerospace & Defense)

• Market, by Country:

o    Germany

o    United Kingdom

o    France

o    Italy

o    Spain

o    Rest of Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies providing IoT engineering services in Europe.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

·         Profiling of five more market players