France internet of things (IoT) market
is expected to grow at a formidable rate during the forecast period. The France
internet of things (IoT) market is driven by the booming IT &
Telecommunication industry in the country. Additionally, increasing adoption of
big data analytics and cloud computing solutions is expected to fuel the market
growth over the next few years. Besides, increasing internet proliferation and
increase in smartphone users is further expected to propel the market growth.
Furthermore, increasing investment and new product launches by the major
vendors operating in the market is expected to create lucrative opportunities
for the market growth through 2027. However, growing cyber security concerns
among enterprises can hamper the market growth during the forecast period.
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 France internet of things (IoT)
market is segmented based on platform, component, application, company, and
region. 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. Based on application, the market can be
fragmented into consumer electronics, smart mobility & transportation,
building & home automation, connected logistics, smart retail and others.
The consumer electronics segment is expected to dominate the market during the
forecast period. This can be ascribed to the use of IoT for connecting
different appliances and devices through internet and enables real time
wireless communication with users.
The major players operating in the
internet of things (IoT) market are Intel Corporation, Compagnie IBM France, Amazon
Web Services France, Robert Bosch France SAS, Cisco Systems, SAP France SA, Microsoft
France, Oracle France, SAS, General Electric Company, Hewlett Packard France SAS 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:
- To analyze and estimate the market size of France
internet of things (IoT) market from 2017 to 2020.
- To estimate and forecast the market size of France
internet of things (IoT) market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast France internet of
things (IoT) market based on platform, component, application, company, and
regional distribution.
- To identify dominant region or segment in the France
internet of things (IoT) market.
- To identify drivers and challenges for France internet
of things (IoT) market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in France
internet of things (IoT) market.
- To identify and analyze the profile of leading
players operating in France internet of things (IoT) market.
- To identify key sustainable strategies adopted
by market players in France internet of things (IoT) market.