Investments in the IoT in Europe continue to grow and by the end of this year will exceed 200 billion dollars. The forecasts are very reassuring and promise a double-digit growth by 2025. IDC Group that also analyzed the global IoT market, highlighting that growth trends remain constant despite the pandemics, presents this data.
This year the main spending will be related to modules and sensors (hardware), followed by services category, quite a critical cost item for the companies. However, the software applications serving to organize and access a variety of structured data will show the highest growth rate in the following years.
When it comes to the impact on the various industries, the consumer sector will absorb the largest portion of the investments thanks to the solutions that automate and improve some part of the domestic routine and everyday interactions between humans. The second biggest industry is manufacturing and supply chain control and plant diagnostics applications. Big hopes are also laid on the healthcare sector enabling remote control of staying-at-home patients with a chronic disease.
Regarding the volumes of connected things, it is estimated that there will be around 30 billion worldwide that equals 4 devices per person. Such a capillary distribution will mean a profound change for all of us, both on personal and professional level and will lead to becoming increasingly connected and digital.
Just think about how our houses have changed with the arrival of innovative services that are based on the intelligent outlets, voice assistants, buzzers, videogames and thermostats connected to the Internet. However, the biggest change will happen when the datacenters will fulfill and leverage the potential of these devices at an industrial