Internet of Things Spending Forecast to Reach Nearly $1.3 Trillion in 2019, Led by Widespread Initiatives and Outlays
According to a new International Data Corporation (IDC) Spending Guide, worldwide spending on the Internet of Things (IoT) will grow at a 17.0% compound annual growth rate (CAGR) from $698.6 billion in 2015 to nearly $1.3 trillion in 2019. FRAMINGHAM, Mass./PRAGUE, December 11, 2015 – On a geographic basis, Asia/Pacific is the clear leader when it comes to IoT spending with more than 40% of the worldwide total coming from this region in 2015. North America and Western Europe are the second and third largest regions with combined spending of more than $250…
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