European IoT Forecast, 2022–2027
This Market Forecast study presents IDC's expectations for the IoT market in Europe (Western Europe and Central and Eastern Europe). It leverages IDC's Worldwide Semiannual Internet of Things Spending Guide, published in June 2023. The forecast is broken down by technology, industry, and geography and presents key drivers and market dynamics in each segment. The study updates IDC's European Internet of Things Forecast, 2022–2026."Organizations in Europe are now convinced of the need for IoT, but complexity and the fragmentation of the ecosystem create hurdles that slow adoption and scaling. While the European IoT market will continue its steady progress and exhibit strong and steady growth in the coming years, it is still far from reaching its peak." - Research Director John Gole, IDC European IoT Practice
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Geography View
- Regional View
- Technology View
- Connectivity
- Hardware
- Services
- Software
- Industry View
- Distribution and Services
- Manufacturing and Resources
- Public Sector
- Infrastructure
- Finance
- Market Context
- Drivers and Inhibitors
- Drivers
- The Autonomous Era
- Increased Need for Efficiency and Productivity
- Maturing Supplier Ecosystem Accelerating IoT Projects
- Inhibitors
- Security and Privacy
- Deployment Complexity
- Significant Market Developments
- Changes from Prior Forecast
- Currency Exchange Rates
- Market Definition
- Methodology
- Related Research
Research Assistance
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