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          WHY EUROPE INVESTS IN IoT: A €10 TRILLION OPPORTUNITY

          IoT-driven innovation in the main work and life application environments is expected to drive economic growth and business opportunities


          Mc Kinsey forecasts the range of the IoT poten-        Scenarios of the potential economic value generated
          tial impacts on the global economy by 2025 in the      by IoT in the economy by 2025 in the world (minimum-maximum range, $ trillion)
          range  between  $3.9  and  $11.1  Trillion  (€3.5  and
          €10  Trillion,  including  consumer  surplus),  based
          on the analysis of the physical settings (domains)
          where IoT technologies display their impacts.




          The  first  EU  Large-Scale  Pilots  have  developed
          the IoT ecosystem in application settings of prima-
          ry economic and industrial relevance for Europe:
          from devices attached to the human body and to
          the home (ACTIVAGE), to the innovation of ope-
          ration processes (precision agriculture, IoF2020),
          automated  vehicle  (AUTOPILOT),  to  smart  ci-
          ties  (SYNCHRONICITY,  MONICA)  and  the  great
          outdoors (MONICA, AUTOPILOT).




          Together, the LSPs address application settings
          where IoT could generate economic impacts up
          to €7.7 Trillion by 2025, almost 80% of the total
          estimated by Mc Kinsey.




                                                   Source: Mc Kinsey Global Institute «The Internet of Things: Mapping the Value beyond the Hype»
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