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Nordic IoT sector revenue to rise 17% a year up to 2020

Tuesday 14 June 2016 | 00:45 CET | News
IoT revenues in the Nordic region are expected to grow by 17 percent a year and reach EUR 12 billion by 2020, according to the 'Connected Things Report 2016' commissioned by Telia from consultancy Arthur D Little. Between 2014 and 2015, revenues and connected devices grew by 22 percent and 16 percent respectively, it said. The surge of demand for Consumer Gadgets is reflected in EUR 500 million worth of growth, accounting for half of the growth in total IoT revenues in the Nordics in 2014-2015.

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Categories: Mobile & Wireless
Countries: Scandinavia
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