Because the Internet of Things (IoT) can streamline work processes, reduce manpower requirements and improve customer service it’s becoming a more mature market in Europe.
According to a European Commission study, the market value of the IoT in the EU is expected to exceed one trillion euros in 2020. When executives across industries in Europe were surveyed, 27% said that they are in the process of implementing or have already implemented analytics and IoT use cases. An additional 25% of these executives are planning to implement IoT solutions in multiple cases and integrate them with their IT systems by 2020.