target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Forecast - Doc Document number: # EUR151650924
European IoT Market Forecast 2024-2028
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Abstract
This Market Forecast study presents IDC's expectations for the IoT market in Europe (Western Europe [WE] and Central and Eastern Europe [CEE]). It leverages IDC's Worldwide Semiannual Internet of Things Spending Guide, published in May 2024. The forecast, which is broken down by technology, industry, and geography, presents each segment's key drivers and market dynamics. The study updates IDC's European IoT Forecast, 2022–2027 (IDC #EUR150314623, October 2023).
"Organizations see IoT as a key part of their strategic digitalization efforts. Deploying IoT solutions remains challenging for organizations, particularly those with ambitious plans to incorporate AI and automation into their solutions. However, the industry is making progress and will gradually expand the capabilities of IoT solutions over the next several years." — Research Director John Gole, IDC European IoT Practice