In 2024, the Italian Internet of Things market reached a value of EUR 9.7 billion, a growth of 𝟗% compared to the previous year. Today, there are 𝟏𝟓𝟓 𝐦𝐢𝐥𝐢𝐨𝐧𝐢 𝐠𝐥𝐢 𝐨𝐠𝐠𝐞𝐭𝐭𝐢 connected devices active in our country, or 2.6 per inhabitant.
These are the results of research by the Internet of Things Observatory of the Politecnico di Milano, presented today during the conference "𝗜𝗼𝗧 𝗪𝗶𝗹𝗹 𝗥𝗼𝗰𝗸 𝗬𝗼𝘂: ever more pervasive, ever more intelligent."
Tiesse S.p.A participates in the research every year by providing data on its IoT solutions, contributing to give an overview of what is presented.
Smart Cars therefore confirm the central role in the sector followed by 𝐒𝐦𝐚𝐫𝐭 𝐌𝐞𝐭𝐞𝐫𝐢𝐧𝐠 & 𝐀𝐬𝐬𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐧𝐞𝐥𝐥𝐞 𝐮𝐭𝐢𝐥𝐢𝐭𝐲 and Smart Building, while Smart Factory and Smart City cross the billion euro threshold for the first time.
IoT progress is evident in all sectors:
- 59% of Italians have at least one smart object in their homes (42% in 2019).
- 80% of large manufacturing companies have adopted at least one Industrial IoT solution (66% in 2019).
- 65% of Italian municipalities have launched at least one Smart City project (42% in 2019).
- The Smart Factory is growing: 25% of large companies and 22% of medium-sized companies have started a project in the last year.
For the future, government incentives play a key role, but the PlanFor the future, government incentives play a key role, but the Transition 5.0 Plan is struggling to get off the ground: only 9% of the total MIMIT resources have been allocated. To date, only 49% of large companies and 32% of medium-sized companies have undertaken 5.0 initiatives.
IoT and AI: an increasingly strategic combination
The integration of Internet of Things and Artificial Intelligence is growing rapidly, albeit with a gap between industrial and consumer markets:
- 55% of large companies and 33% of medium-sized companies want to combine AI and IoT, while only 25% of consumers show interest.
- The effective management of IoT data is an open challenge: although it is essential for creating value and enabling new services, less than half of large companies make full use of it.
Many thanks to the Digital Innovation Observatories/Internet of Things Observatory of Politecnico di Milano for their work over the past 14 years.
