Market Research Logo

IOT Market in Nordic 2016-2020

About the IoT Market in Nordic Region

IoT is a network of tangible objects that are interconnected and can communicate among themselves as well as with the internal and external environments. It connects hardware devices, embedded software, communication services, and IT services. It creates smart communication environments such as smart homes, smart shopping, smart transportation, and smart healthcare. It is an emerging ecosystem of Internet protocol (IP)-connected devices with the potential to deliver business benefits valued at trillions of dollars in the future across varied industries.

Technavio’s analysts forecast the IoT market in Nordic region to grow at a CAGR of 15.11% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the IoT market in Nordic region for 2016-2020. To calculate the market size, the report considers the following:

  • Revenue generated from the connectivity services offered for IoT connected devices, which are used in various industries, including consumer electronics, retail, healthcare, automotive, and utilities
  • Revenue realized from IoT platforms, applications, licenses, and support and maintenance services
  • Consolidated revenue of mobile network operators (MNOs), mobile virtual network operators (MVNOs), and mobile virtual network enablers (MVNEs) in terms of IoT services and solutions
  • Revenue generated by IoT managed service providers and Internet service providers (ISPs)
The market is divided into the following segments based on geography:
  • Sweden
  • Norway
  • Denmark
  • Finland
Technavio's report, IoT Market in Nordic Region 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ericsson
  • Tele2
  • Telenor Group
  • TeliaSonera
  • Tieto
Other prominent vendors
  • Accenture
  • Cisco Systems
  • Gemalto
  • Huawei
  • IBM
  • Intel
  • Nordic Semiconductors
  • Novatel Wireless
  • Orange Business Services
  • Qualcomm
  • SAP
  • Sierra Wireless
  • Wipro
  • Wireless Matrix (CalAmp)
Market driver
  • Reduced prices of connected devices
  • For a full, detailed list, view our report
Market challenge
  • Lack of standardization
  • For a full, detailed list, view our report
Market trend
  • Rise in adoption of IoT in supply chain management
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – IoT Market in Nordic Region 2016-2020

Technavio recognizes the following companies as the key players in the IoT market in Nordic region: Ericsson, Tele2, Telenor Group, TeliaSonera, and Tieto.

Other Prominent Vendors in the market are: Accenture, Cisco Systems, Gemalto, Huawei, IBM, Intel, Nordic Semiconductor, Novatel Wireless, Orange Business Services, PTC, Qualcomm, SAP, Sierra Wireless, Wipro, and Wireless Matrix (CalAmp).

Commenting on the report, an analyst from Technavio’s team said: “One trend that will definitely boost market growth is the increased adoption of IoT in supply chain management. IoT technology plays a vital role in the improvement of supply chain processes. IoT services allow enterprises to improve their existing supply chain processes by enabling the remote monitoring of vehicles. These services also permit the provision of real-time updates about cargo shipments.”

According to the report, a key growth driver is the low price of connected devices. IoT connects billions of devices and sensors to develop innovative applications. IoT communication primarily connects various devices, such as smartphones, laptops, and tablets, with people and systems. This connection also helps send data to the centralized server through networks such as wireless local area network (WLAN), radio frequency identification (RFID), and Bluetooth. These sensors have become an integral part of M2M or IoT communications in many applications, including smart homes, connected cars, connected health, and precision agriculture.

Further, the report states that one challenge that could restrict market growth is the lack of standardization as it hinders the large-scale commercial use of IoT. In the IoT network, standardization is necessary for the technical and application layers.

Companies Mentioned

Ericsson, Tele2, Telenor Group, TeliaSonera, Tieto, Accenture, Cisco Systems, Gemalto, Huawei, IBM, Intel, Nordic Semiconductor, Novatel Wireless, Orange Business Services, PTC, Qualcomm, SAP, Sierra Wireless, Wipro, Wireless Matrix (CalAmp).

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Smartphone penetration in Nordic region 2015
      • Table Smartphone penetration trend in Nordic region 2012-2015
      • Table Evolution of IoT
      • Table IoT value chain
      • Table IoT applications
      • Table Number of connected entities in Nordic region 2014 (millions)
    • Market size and forecast
      • Table IoT connected entities in Nordic region 2015-2020 (millions)
      • Table IoT connected entities in Nordic region by country 2015-2020 (millions)
      • Table IoT market in Nordic region 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by industry vertical
    • Market size and forecast
      • Table IoT market in Nordic region by industry 2015-2020 ($ billions)
      • Table IoT market in Nordic region by consumer electronics 2015-2020 ($ billions)
      • Table IoT market in Nordic region by smart buildings and cities 2015-2020 ($ billions)
      • Table IoT market in Nordic region by automotive segment 2015-2020 ($ billions)
      • Table IoT market in Nordic region by utilities 2015-2020 ($ billions)
      • Table IoT market in Nordic region by other segments 2015-2020 ($ millions)
  • Geographical segmentation
    • Market size and forecast
      • Table IoT market in Nordic region by country 2015-2020 ($ billions)
      • Table IoT market in Sweden 2015-2020 ($ billions)
      • Table IoT market in Norway 2015-2020 ($ billions)
      • Table IoT market in Denmark 2015-2020 ($ billions)
      • Table IoT market in Finland 2015-2020 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key vendor analysis
      • Table Business segmentation by net sales 2015
      • Table Business segmentation by support solutions group sales 2015
      • Table Geographical segmentation by sales 2015
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
      • Table Business segmentation by net sales 2015
      • Table Geographical segmentation by net sales 2015
      • Table Business segmentation by sales 2015
      • Table Sales segmentation by industry 2015
      • Table Geographical segmentation by sales 2015
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report