The Internet of Things (IoT) market in Italy grew steadily between 2015 and 2022. Valued at about two billion euros in 2015, it reached 8.3 billion in 2022, tripling over the period. Smart meters and smart cars are driving the growth of the Italian IoT market.
Beyond smart meters
Other smart devices are also gaining popularity in the Italian market. For example, the smart home market grew by about 29 percent between 2020 and 2021. 2018 saw the launch of Google Home and Amazon Echo. Smart speakers accounted for 20 percent of the smart home market in 2020, second only to home appliances, which accounted for 21 percent of the market. In the coming years, the smart home segment is expected to to grow even more.
From smart homes to smart cities
Italian cities were increasingly embracing IoT technologies. According to a survey conducted on a sample of 48 municipalities, 60 percent of smart city projects planned in 2018 revolved around security. More than half of municipalities planned to introduce smart lighting, while two in five wanted to improve their parking management through IoT technologies.
Internet of Things (IoT) market size in Italy from 2015 to 2022
(in billion euros)
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BitMAT, & Osservatori Digital Innovation. (April 5, 2023). Internet of Things (IoT) market size in Italy from 2015 to 2022 (in billion euros) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/
BitMAT, und Osservatori Digital Innovation. "Internet of Things (IoT) market size in Italy from 2015 to 2022 (in billion euros)." Chart. April 5, 2023. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/
BitMAT, Osservatori Digital Innovation. (2023). Internet of Things (IoT) market size in Italy from 2015 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/
BitMAT, and Osservatori Digital Innovation. "Internet of Things (Iot) Market Size in Italy from 2015 to 2022 (in Billion Euros)." Statista, Statista Inc., 5 Apr 2023, https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/
BitMAT & Osservatori Digital Innovation, Internet of Things (IoT) market size in Italy from 2015 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/ (last visited November 09, 2024)
Internet of Things (IoT) market size in Italy from 2015 to 2022 (in billion euros) [Graph], BitMAT, & Osservatori Digital Innovation, April 5, 2023. [Online]. Available: https://www.statista.com/statistics/1012906/internet-of-things-iot-market-value-in-italy/
