Internet of Things (IoT) in Germany
Market data, vendors, use cases, case studies
IoT market in Germany 2023
The IoT market in Germany will grow by 18% to $13 billion in 2023. In comparison, the market grew to $11 billion in 2022.
IoT Analytics’ latest data indicate that Germany’s largest industries will be discrete manufacturing ($3,9 billion), automotive ($2.1 billion), and hybrid manufacturing ($1.4 billion).
IoT vendors headquartered in Germany
Our IoT enterprise spending dashboard does not only contain the spending numbers but also a vendor list with their IoT revenue. Here are some numbers directly from the latest update:
According to our latest data, Siemens generated an IoT revenue of $1.8 billion in 2022. IoT verticals considered as IoT revenue were software applications (including SaaS), platforms (including PaaS), professional services, and hardware such as computers, controllers, and gateways. Another company headquartered in Germany, Bosch, generated an IoT revenue of $1.6B in 2022. That number considers IoT verticals such as Sensors, software applications (including SaaS), and hardware such as computers, controllers, and gateways. The last example on the list is Infineon, which generated $1.2B IoT revenue based on chipsets, sensors, and security.
|Company name||IoT revenue in 2022||Growth 2021-2022|
Adoption of key IoT use cases in Germany
We evaluate a number of IoT use cases in our research. Here are some stats from our research:
One of the prominent IoT use cases in Germany is remote/smart service and maintenance, exhibiting an adoption rate of 50% (compared to the global rate of 28%). Additionally, remote asset monitoring and control (read/write) and predictive maintenance (smart manufacturing) showcase adoption rates of 33% (vs. 32% globally) and 33% (vs. 28% globally), respectively.
|#||Use case||Adoption rate Germany 2021||Adoption rate global 2021|
|1||Remote / smart service and maintenance||50%||28%|
|2||Remote asset monitoring and control (read/write)||33%||32%|
|4||Predictive maintenance(smart manufacturing)||34%||29%|
Sample case study of IoT technology in Germany
|Predictive Maintenance on railway switches.||Transportation||KONUX implements PdM on railway switches to improve availability, reduce cost of maintenance, and extend asset lifetime.|
Our insights are trusted by
Understand the IoT market in Germany
Looking for more data about the IoT market in Germany? Get in touch and we can suggest content from our 110+ reports, databases, and trackers that fit your research requirements.