dcsimg
July 18, 2018
Hot Topics:

Report: IoT Market to Hit $1.29 Trillion by 2020

  • January 6, 2017
  • By Developer.com Staff

IDC has released its Worldwide Semiannual Internet of Things Spending Guide, which predicts that IoT spending will reach $1.29 trillion by 2020. According to the market research firm, industries like manufacturing, transportation, utilities, and consumer products will make the biggest investments in IoT, while insurance, consumer, healthcare and retail companies will experience the fastest spending growth.

“It is great to see that the Internet of Things will continue to fuel both business transformation and innovation acceleration markets such as robotics, cognitive computing, and virtual reality,” said Vernon Turner, IoT research fellow and senior vice president of enterprise systems at IDC. “The investments by China and the United States in IoT solutions is driving these two countries to account for double-digit annual growth rates and over half of the IoT spending.”

View article






Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 


Enterprise Development Update

Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that developer.com may send you developer offers via email, phone and text message, as well as email offers about other products and services that developer believes may be of interest to you. developer will process your information in accordance with the Quinstreet Privacy Policy.

Sitemap

Thanks for your registration, follow us on our social networks to keep up-to-date