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Steady commercial and consumer adoption will drive worldwide spending.
June 17, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Worldwide spending on the Internet of Things (IoT) is forecast to pass the $1 trillion mark in 2022, reaching $1.1 trillion in 2023. A new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide shows the compound annual growth rate (CAGR) for IoT spending over the 2019-2023 forecast period will be 12.6%. “Spending on IoT deployments continues with good momentum and is expected to be $726 billion worldwide this year,” said Carrie MacGillivray...
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