European IoT Connectivity Spending Forecast, 2023-2028

This IDC Market Forecast examines the European IoT connectivity market and provides a forecast of the market segmented by cellular, LPWAN, and other connectivity types."Mobile IoT connectivity is complicated by the availability of too many kinds of networks, but LTE and LPWAN networks are now the workhorses of the market. They are mature and proven, driving market growth while 5G use cases are still in development." - Research Director John Gole, IDC Europe Mobility Practice

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

• Telecom Service Provider Opportunities

Market Context

• Drivers and Inhibitors
  • Drivers
    • Increasing Adoption of IoT in the Enterprise Space
    • Consolidation Among Managed IoT Connectivity Providers
    • Simpler eSIM Management
  • Inhibitors
    • Immature IoT Use Cases
    • Fragmented Edge Management Market
• Significant Market Developments
• Changes from Prior Forecast

Market Definition

Methodology

Related Research