IoT spending in Europe to surpass $200bn in 2021 as Covid-19 impact winds down

Kelsey Rees
clock • 2 min read
IoT spending in Europe to surpass $200bn in 2021 as Covid-19 impact winds down

The consumer sector will be the largest industry for European IoT spending in 2021

European spending on Internet of Things (IoT) will reach $202bn (€165bn) in 2021, according to analyst firm IDC. The researcher claims the market will continue to experience double-digit growth in Europe through 2025. It explained that, although the IoT market continued to see some level of growth during the Covid-19 pandemic, albeit at a slower rate than in previous years, IDC expects spending to continue rising this year in various sectors as operations, projects, and employees start to...

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