IoT worldwide spending to hit $1.2 trillion by 2022, says IDC
Global spending on the Internet of Things (IoT) is set to hit $1.2 trillion by 2022, according to the latest report from IDC.
The findings, which appear in the analyst firm’s latest Worldwide Semiannual Internet of Things Spending Guide, argues the IoT technology market offers business investment opportunities across a variety of industries and illuminated through implementations of use case.
As the diverse IoT market reaches broad-based critical mass, innovative offerings in analytics software, cloud technologies, and business and IT services have expanded rapidly.
The intersection of multiple technology domains is a key to successfully understand and develop a supply-side product and market development strategy, IDC added.Read more