20.01.2022

The European Commission has published today the findings of its competition sector inquiry into the consumer Internet of Things (IoT). The final report and its accompanying staff working document identify potential competition concerns in the rapidly growing markets for IoT related products and services in the European Union.

Executive Vice-President Margrethe Vestager, in charge of competition policy said: “The consumer Internet of Things sector is increasingly becoming part of our everyday life. The final findings of our sector inquiry confirm concerns identified in the preliminary report. This is a market with high barriers to entry, few vertically integrated players and concerns about access to data, interoperability or exclusivity practices amongst others. We are confident that the sector inquiry's findings will provide guidance on the Commission's future enforcement and regulatory activity. We are also hopeful that it will stimulate companies to pro-actively address those concerns.”

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Date: 20.01.2022

Source: European Commission

Readed: 3149