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Spending on the Internet of Things (IoT) in Central and Eastern Europe (CEE) is forecast to reach USD 11.2 billion this year, an increase of 15.5 percent over the USD 9.7 billion recorded in 2017, according Telecompaper. A new update to the IDC forecasts predicts CEE IoT spending to sustain a compound annual growth rate (CAGR) of 18.8 percent through the 2017‒2021 forecast period, thus surpassing the USD 20 billion mark in 2021.
 
The industries that are expected to spend the most on IoT solutions in 2018 are manufacturing (USD 2.2 billion), transportation (USD 1.6 billion), and utilities (USD 1.2 billion). IoT spending among manufacturers will be largely focused on solutions that support manufacturing operations and production asset management. In transportation, almost two thirds of IoT spending will go toward freight monitoring, followed by fleet management. IoT spending in the utilities industry will be dominated by smart grids for electricity, gas, and water. 
 
Consumer IoT purchases will grow faster than the market average, making it the third largest segment this year at USD 1.2 billion. The leading consumer use cases will be related to the smart home, such as home automation, security, and smart appliances.