Europe Connected Enterprise Market Size & Outlook, 2023-2030
The connected enterprise market in Europe is expected to reach a projected revenue of US$ 779.3 million by 2030. A compound annual growth rate of 31% is expected of Europe connected enterprise market from 2024 to 2030.
Revenue, 2023 (US$M)
$117.9
Forecast, 2030 (US$M)
$779.3
CAGR, 2024 - 2030
31%
Report Coverage
Europe
Europe connected enterprise market highlights
- The Europe connected enterprise market generated a revenue of USD 117.9 million in 2023.
- The market is expected to grow at a CAGR of 31% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 117.9 million |
| Market revenue in 2030 | USD 779.3 million |
| Growth rate | 31% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Rockwell Automation Inc, Microsoft Corp, Honeywell International Inc, PTC Inc, International Business Machines Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.1% of the global connected enterprise market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 836.1 million by 2030.
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Connected Enterprise Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| PTC Inc | View profile | 7231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | https://www.ptc.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
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