The Europe Cellular IoT Market would witness market growth of 24.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cellular IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,435.6 million by 2031. The UK market is exhibiting a CAGR of 23.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 25.3% during (2024 - 2031).

Cellular IoT finds extensive applications across various industries, helping organizations improve operational efficiency, safety, and convenience. This is a cornerstone of smart city development, facilitating the connection of infrastructure and services such as traffic management systems, smart lighting, waste management, and environmental monitoring.
In the automotive sector, cellular IoT is vital in advancing connected vehicles and enabling features such as autonomous driving, vehicle-to-everything (V2X) communication, real-time traffic updates, and predictive maintenance. By connecting vehicles to cellular networks, manufacturers and fleet operators can enhance safety, reduce downtime, and improve user experiences.
The adoption of IoT devices across European enterprises reflects a significant shift in how businesses integrate technology to improve operational efficiency, security, and connectivity. According to Eurostat, in 2021, 29% of EU enterprises utilized IoT devices, with a predominant focus on securing premises. However, a notable disparity exists in adoption rates between large and small enterprises. While 48% of large enterprises employed IoT systems, only 26% of small enterprises did the same. This divergence highlights the varying levels of technological maturity across different business sizes and points to an opportunity for growth within this market in Europe. Moreover, the IoT adoption rate among enterprises with 10 or more employees is 29%. This figure indicates the substantial potential for cellular IoT to expand further across the European market as businesses of varying sizes seek to capitalize on IoT-enabled automation, remote monitoring, and predictive maintenance capabilities. In conclusion, the rising adoption of IoT devices across European enterprises—particularly among large enterprises—will positively influence this market.
Free Valuable Insights: The Global Cellular IoT Market will Hit USD 32.56 Billion by 2031, at a CAGR of 25.1%
Based on End Use, the market is segmented into Automotive & Transportation, Healthcare, Agriculture, Consumer Electronics, Energy, Smart Cities, Environment Monitoring, Retail, and Other End Use. Based on Component, the market is segmented into Hardware and Software. Based on Technology, the market is segmented into 4G, 5G, 3G, and 2G. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Cisco Systems, Inc.
- Semtech Corporation
- Microsoft Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- AT&T Inc.
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Vodafone Group Plc
- PTC Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Europe Cellular IoT Market Report Segmentation
By End Use
- Automotive & Transportation
- Healthcare
- Agriculture
- Consumer Electronics
- Energy
- Smart Cities
- Environment Monitoring
- Retail
- Other End Use
By Component
By Technology
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Cellular IoT Market, by End Use
1.4.2 Europe Cellular IoT Market, by Component
1.4.3 Europe Cellular IoT Market, by Technology
1.4.4 Europe Cellular IoT Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2022, Sep – 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Cellular IoT Market by End Use
5.1 Europe Automotive & Transportation Market by Country
5.2 Europe Healthcare Market by Country
5.3 Europe Agriculture Market by Country
5.4 Europe Consumer Electronics Market by Country
5.5 Europe Energy Market by Country
5.6 Europe Smart Cities Market by Country
5.7 Europe Environment Monitoring Market by Country
5.8 Europe Retail Market by Country
5.9 Europe Other End Use Market by Country
Chapter 6. Europe Cellular IoT Market by Component
6.1 Europe Hardware Market by Country
6.2 Europe Software Market by Country
Chapter 7. Europe Cellular IoT Market by Technology
7.1 Europe 4G Market by Country
7.2 Europe 5G Market by Country
7.3 Europe 3G Market by Country
7.4 Europe 2G Market by Country
Chapter 8. Europe Cellular IoT Market by Country
8.1 Germany Cellular IoT Market
8.1.1 Germany Cellular IoT Market by End Use
8.1.2 Germany Cellular IoT Market by Component
8.1.3 Germany Cellular IoT Market by Technology
8.2 UK Cellular IoT Market
8.2.1 UK Cellular IoT Market by End Use
8.2.2 UK Cellular IoT Market by Component
8.2.3 UK Cellular IoT Market by Technology
8.3 France Cellular IoT Market
8.3.1 France Cellular IoT Market by End Use
8.3.2 France Cellular IoT Market by Component
8.3.3 France Cellular IoT Market by Technology
8.4 Russia Cellular IoT Market
8.4.1 Russia Cellular IoT Market by End Use
8.4.2 Russia Cellular IoT Market by Component
8.4.3 Russia Cellular IoT Market by Technology
8.5 Spain Cellular IoT Market
8.5.1 Spain Cellular IoT Market by End Use
8.5.2 Spain Cellular IoT Market by Component
8.5.3 Spain Cellular IoT Market by Technology
8.6 Italy Cellular IoT Market
8.6.1 Italy Cellular IoT Market by End Use
8.6.2 Italy Cellular IoT Market by Component
8.6.3 Italy Cellular IoT Market by Technology
8.7 Rest of Europe Cellular IoT Market
8.7.1 Rest of Europe Cellular IoT Market by End Use
8.7.2 Rest of Europe Cellular IoT Market by Component
8.7.3 Rest of Europe Cellular IoT Market by Technology
Chapter 9. Company Profiles
9.1 Cisco Systems, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Semtech Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Product Development and Engineering expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 AT&T, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Ericsson AB
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Product Launches and Product Expansions:
9.9 PTC, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Samsung Electronics Co., Ltd. (Samsung Group)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.5.3 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 Europe Cellular IoT Market, 2020 - 2023, USD Million
TABLE 2 Europe Cellular IoT Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cellular IoT Market
TABLE 4 Product Launches And Product Expansions– Cellular IoT Market
TABLE 5 Acquisition and Mergers– Cellular IoT Market
TABLE 6 Europe Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 7 Europe Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 8 Europe Automotive & Transportation Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Automotive & Transportation Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Agriculture Market by Country, 2020 - 2023, USD Million
TABLE 13 Europe Agriculture Market by Country, 2024 - 2031, USD Million
TABLE 14 Europe Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe Energy Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Energy Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Smart Cities Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Smart Cities Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Environment Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Environment Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Retail Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Retail Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 26 Europe Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 27 Europe Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 28 Europe Hardware Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Hardware Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 33 Europe Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 34 Europe 4G Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe 4G Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe 5G Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe 5G Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe 3G Market by Country, 2020 - 2023, USD Million
TABLE 39 Europe 3G Market by Country, 2024 - 2031, USD Million
TABLE 40 Europe 2G Market by Country, 2020 - 2023, USD Million
TABLE 41 Europe 2G Market by Country, 2024 - 2031, USD Million
TABLE 42 Europe Cellular IoT Market by Country, 2020 - 2023, USD Million
TABLE 43 Europe Cellular IoT Market by Country, 2024 - 2031, USD Million
TABLE 44 Germany Cellular IoT Market, 2020 - 2023, USD Million
TABLE 45 Germany Cellular IoT Market, 2024 - 2031, USD Million
TABLE 46 Germany Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 47 Germany Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 48 Germany Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 49 Germany Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 50 Germany Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 51 Germany Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 52 UK Cellular IoT Market, 2020 - 2023, USD Million
TABLE 53 UK Cellular IoT Market, 2024 - 2031, USD Million
TABLE 54 UK Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 55 UK Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 56 UK Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 57 UK Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 58 UK Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 59 UK Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 60 France Cellular IoT Market, 2020 - 2023, USD Million
TABLE 61 France Cellular IoT Market, 2024 - 2031, USD Million
TABLE 62 France Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 63 France Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 64 France Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 65 France Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 66 France Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 67 France Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 68 Russia Cellular IoT Market, 2020 - 2023, USD Million
TABLE 69 Russia Cellular IoT Market, 2024 - 2031, USD Million
TABLE 70 Russia Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 71 Russia Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 72 Russia Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 73 Russia Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 74 Russia Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 75 Russia Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 76 Spain Cellular IoT Market, 2020 - 2023, USD Million
TABLE 77 Spain Cellular IoT Market, 2024 - 2031, USD Million
TABLE 78 Spain Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 79 Spain Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 80 Spain Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 81 Spain Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 82 Spain Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 83 Spain Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 84 Italy Cellular IoT Market, 2020 - 2023, USD Million
TABLE 85 Italy Cellular IoT Market, 2024 - 2031, USD Million
TABLE 86 Italy Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 87 Italy Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 88 Italy Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 89 Italy Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 90 Italy Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 91 Italy Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 92 Rest of Europe Cellular IoT Market, 2020 - 2023, USD Million
TABLE 93 Rest of Europe Cellular IoT Market, 2024 - 2031, USD Million
TABLE 94 Rest of Europe Cellular IoT Market by End Use, 2020 - 2023, USD Million
TABLE 95 Rest of Europe Cellular IoT Market by End Use, 2024 - 2031, USD Million
TABLE 96 Rest of Europe Cellular IoT Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of Europe Cellular IoT Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of Europe Cellular IoT Market by Technology, 2020 - 2023, USD Million
TABLE 99 Rest of Europe Cellular IoT Market by Technology, 2024 - 2031, USD Million
TABLE 100 Key Information – Cisco Systems, Inc.
TABLE 101 Key information – Semtech Corporation
TABLE 102 Key Information – Microsoft Corporation
TABLE 103 Key Information – Huawei Technologies Co., Ltd.
TABLE 104 Key Information – AT&T, Inc.
TABLE 105 key information – Ericsson AB
TABLE 106 Key Information – Qualcomm Incorporated
TABLE 107 Key information – Vodafone Group Plc
TABLE 108 key Information – PTC, Inc.
TABLE 109 Key Information – Samsung Electronics Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Cellular IoT Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Cellular IoT Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions : 2022, sep – 2024, Dec) Leading Players
FIG 8 Porter’s Five Forces Analysis – Cellular IoT Market
FIG 9 Europe Cellular IoT Market share by End Use, 2023
FIG 10 Europe Cellular IoT Market share by End Use, 2031
FIG 11 Europe Cellular IoT Market by End Use, 2020 - 2031, USD Million
FIG 12 Europe Cellular IoT Market share by Component, 2023
FIG 13 Europe Cellular IoT Market share by Component, 2031
FIG 14 Europe Cellular IoT Market by Component, 2020 - 2031, USD Million
FIG 15 Europe Cellular IoT Market share by Technology, 2023
FIG 16 Europe Cellular IoT Market share by Technology, 2031
FIG 17 Europe Cellular IoT Market by Technology, 2020 - 2031, USD Million
FIG 18 Europe Cellular IoT Market share by Country, 2023
FIG 19 Europe Cellular IoT Market share by Country, 2031
FIG 20 Europe Cellular IoT Market by Country, 2020 - 2031, USD Million
FIG 21 Recent strategies and developments: Cisco Systems, Inc.
FIG 22 SWOT Analysis: Cisco Systems, Inc.
FIG 23 Recent strategies and developments: Semtech Corporation
FIG 24 SWOT Analysis: Semtech Corporation
FIG 25 SWOT Analysis: Microsoft Corporation
FIG 26 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 27 Recent strategies and developments: AT&T Inc.
FIG 28 SWOT Analysis: AT&T Inc.
FIG 29 Recent strategies and developments: Ericsson AB
FIG 30 SWOT Analysis: Ericsson AB
FIG 31 Recent strategies and developments: QUALCOMM Incorporated
FIG 32 SWOT Analysis: QUALCOMM Incorporated
FIG 33 Recent strategies and developments: Vodafone Group Plc
FIG 34 Swot Analysis: PTC, Inc.
FIG 35 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 36 SWOT Analysis: Samsung Electronics Co., Ltd.