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Total spending on IoT solutions in Europe is expected to surpass $241 billion in 2022.
February 7, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Revenues for the European Internet of Things (IoT) market are forecast to increase by 19.8% year on year to reach $171 billion in 2019, according to the latest update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC). Total spending on IoT solutions in Europe will maintain a double-digit annual growth rate throughout the 2017–2022 period and is expected to surpass $241 billion in 2022. The forecast is based on IDC’s research into the expa...
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