This study analyzes the IoT market in Romania and presents IDC's first forecast for the country, along with revenue opportunities by technology segment and industry. This report is designed to help clients segment the IoT market, target opportunities, and assign resources. It presents a bottom-up model with 39 defined use cases on an industry-by-industry basis, built on 11 technology sub-segments. This document provides the Romanian IoT market size for 2014 and outlook for 2015–2019, while setting the forecast within the context of the global IoT ecosystem. The forecast covers intelligent systems, connectivity services, platforms, analytics, and industry applications, in addition to security and professional services, to give a complete picture. This study also highlights the key industry market trends contributing to growth of the rapidly evolving IoT market.
"By 2018, the Romanian IoT market will double in value, mostly due to the highest-spending sectors: manufacturing, transport, utilities, and consumers. However, other verticals such as the public sector, healthcare, and retail will present pockets of opportunities, as technologies reach a more mature phase and budgets for IoT spending increase. It is essential for vendors to understand that the biggest concern for end users regarding IoT is security, and the future development of the market depends on their ability to demonstrate that the technologies offered are completely secure." — Research Manager Madalin Lazarescu, IDC Romania.
Big Data analytics and discovery, IT consulting services, Information protection and control, Integration and process automation middleware, Internet of things, Network security, Networking and connectivity devices, Systems integration services, Video surveillance