target audience: TECH SUPPLIER Publication date: Oct 2023 - Document type: Market Forecast - Doc Document number: # EUR150314623
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 (IDC #EUR147909722, August 2022).
"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