Exporting (Industrial) Internet of Things services to Europe
The European market for Internet of Things solutions is growing. Some major trends that drive the demand for Internet of Things solutions include digital transformation, 5G cellular network technology, machine learning, artificial intelligence (AI), and robotics. Previous growth forecasts have been lowered in light of the COVID-19 pandemic. However, industry experts believe that this crisis will lead to faster adoption of Internet of Things solutions and will only enhance this market segment. As competition is strong, you should differentiate on quality rather than purely on costs. Specialising is also a good way to reduce competition.