The Internet of Things (IoT) market in Italy grew steadily between 2015 and 2018. Valued at about two billion in 2015, it reached five billion in 2018, more than doubling over the period. Smart meters and smart cars were driving the growth.
In particular the market value of the Smart Metering sector increased from 980 million euros to 1.4 billion euros between 2017 and 2018. The Smart Home segment played a smaller, albeit significant, role: its market value grew by over fifty percent over the same period, reaching 380 million euros in 2018.