Worldwide IoT Spending to Hit $1 Trillion by 2020, Says IDC

Worldwide IoT Spending to Hit $1 Trillion by 2020, Says IDC

Worldwide spending on Internet of Things products is expected to hit the $1 trillion mark by 2020. An International Data Corporation (IDC) study says IoT spending will total $674 billion in 2017 and will reach $772.5 billion in 2018. These predictions are part of an update to the latest IDC Wordlwide Semiannual Internet of Things Spending Guide forecast. IoT Spending by Category The forecast further posits that IoT hardware will be the largest technology category in 2018, with $239 billion going largerly toward modules and sensors, along with some spending on infrastructure and security . Services will be the […]