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."