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Market Opportunities: The Internet of Things

The Internet of Things (IoT) is one of the most promising innovation accelerators for digital enterprises. Areas of application cover everything from manufacturing and construction to retail as well as transportation – in fact almost all sectors that utilize online devices or sensors. Internet of Things applications are of significant strategic importance for microelectronic manufacturers. Within Germany, IoT spending will exceed EUR 35 billion (making Germany  the biggest spender in Europe) and IoT-generated turnover is expected to double from EUR 22.5 billion in 2018 to a forecast level of EUR 45 billion in 2023.

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