Explosive Internet of Things Spending to Reach $1.7 Trillion in 2020, According to IDC
The Internet of Things (IoT) continues to gain momentum as vendors and enterprises begin to embrace the opportunities this market presents. According to new research from International Data Corporation (IDC), the worldwide Internet of Things market will grow from $655.8 billion in 2014 to $1.7 trillion in 2020 with a compound annual growth rate (CAGR) of 16.9%. Image: Profinews.com FRAMINGHAM, Mass./PRAGUE, June 5, 2015 –Devices, connectivity, and IT services will make up the majority of the IoT market in 2020. Together, they are estimated to account for over two-thirds of…
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