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The Internet of Things (IoT) is a term that describes common physical items (things) that are linked to the internet.
These terms can, for example, refer to anything that is linked to medical apparatus, transponder for biochips (connected to for example livestock), and automobile with solar panels (sensors that alert the driver about issues concerning fuel, tyre pressure, needed maintenance etc.)
The market for Internet of Things (IoT) solutions in Europe is growing quickly. Germany, the United Kingdom, and the Netherlands are at the forefront of European IoT adoption, although Eastern Europe and the Nordic nations are close behind.
The industrial, housing, health, and finance sectors are at the forefront of IoT adoption, but the retail and agricultural sectors are also seeing significant development. The scarcity of qualified professionals, along with a growing willingness to outsource, continues to be a problem.
The Germany IoT Chip Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Intel picked Germany as the site for a huge chipmaking complex, the first details of its planned $88 billion investment in Europe, as the region scrambles to boost output and fix a supply crisis that has dogged the car industry.
The chipmaker also said it would boost its existing factory in Ireland, set up a design and research facility in France, and a packaging and assembly site in Italy.
The project’s first phase features factories in Magdeburg, Germany, that will take up the space of two World Cup-caliber football fields.
