Value of IoT market in Poland up by 6% in 2019

The value of the Internet of Things market in Poland in 2019 amounted to $2.2 billion, i.e. by 6.4 percent more than a year earlier, according to the report of the Digital Poland Association. It added that the law that does not meet the needs is currently a barrier to the development of the Internet of Things. The report indicates that the Internet of Things, in combination with smartphones, telecommunications networks, IT systems, software, and machines, allows for the creation of smart homes, work and life places (smart cities) and contributes to the global technological change (smart world) every person participates. On average, there are almost three IoT devices connected to the network per person.

According to the report 'Smart home, smart cities, smart world. The development of the Internet of Things', changes in mobile technologies resemble a revolution: the global value of the IoT market is $190 billion, and in six years, in 2026, this value is to reach $1.1 trillion. This means that this market will grow by approximately 24 percent annually. In Poland, the value of the Internet of Things market amounted to $2.2 billion in 2019. The authors of the report estimate that by 2023 the pace of IoT development in Poland will increase to 23.9 percent annually.

The research cited in the report shows that 23 percent of Poles use IoT-based solutions. But the potential is greater, as much as 55 percent. Polish consumers declare that in the coming years they would like to use them in everyday life.

The report indicates that vacuuming robots are enjoying great popularity today. From the data cited in the study, already 300,000 Poles use such a vacuum cleaner. In turn, home heating programmers are used in 400,000 houses. 1.7 million households plan to buy it, light management systems are used in 0.2 million households and could reach 1.6 million homes.

(PAP)