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The IoT Wave: Adoption and Investment Trends Across Western European Vertical Markets

The IoT Wave: Adoption and Investment Trends Across Western European Vertical Markets

This IDC study focuses on the Internet-of-Things adoption trends across Western European companies and its connection to Big Data and cloud investments, while it also outlines key use cases across vertical markets. It draws on the results of the IDC European Vertical Markets Survey carried out between August and October 2014 in France, Germany, Italy, Spain, and the U.K. among 1,588 companies with more than 10 employees. Results are provided for finance, discrete manufacturing, process manufacturing, telecom/media, utilities/oil and gas, retail/wholesale, professional services, transport, healthcare, government, and education sectors.

"The Internet-of-Things spending in Western Europe will grow at a 28% CAGR in the next five years, representing significant opportunities for IT vendors. Understanding the different declinations of IoT among vertical markets and the industry-specific skills required is vital for players that want to compete in this new rising market," said Andrea Siviero, senior research analyst, IDC European Industry Solutions and co-lead of the European IoT Practice. "Among IT vendors, IoT not only represents significant opportunities for their businesses, but it is also leading to a new concept in the usual operating way and market approach. It is crucial for vendors to be part of an ecosystem of partners. Partnerships and collaborations are essential for overcoming the spread of skills required by the IoT scenario and the road to be followed from players that claim a dominant or leadership position in this market."

Please Note: Extended description available upon request.


IDC Opinion
In This Study
Situation Overview
Adoption and Investment Plans by Vertical
IoT and its Relation with Big Data and Cloud
Future Outlook
Western European IoT Market Forecast by Vertical
IoT Use Cases Adoption across Vertical Markets
Financial Services
Banking and Other Finance
Insurance
Manufacturing
Telecom and Media
Telecom
Media
Transport and Professional services
Transport
Professional services
Healthcare and Retail
Healthcare
Retail
Government and Education
Government
Education
Utilities and O&G
Utilities
O&G
Essential Guidance
Learn More
Survey Methodology
IoT Market Model Methodology
Definitions
Internet of Things
Vertical Markets
Related Research
Synopsis
Table: Western Europe IoT Market Forecast by Vertical, 2014–2019 ($M)
Figure: Western Europe IoT Adoption
Figure: Western European IoT Adoption by Vertical
Figure: IoT and its Connection with Big Data and Cloud
Figure: A Strong Link between IoT and Big Data
Figure: Financial Services Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Manufacturing Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Telecom and Media Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Transport and Professional Services Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Healthcare and Retail Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Government and Education Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)
Figure: Utilities and O&G Use Cases Adoption (% of Respondents Adopting or Planning to Adopt)

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