Global Spending On IoT Forecast To Return To Double-Digit Growth In 2021 – SmartHouse
Market research firm IDC has forecast that worldwide spending on the Internet of Things (IoT) will slow moderately to 8.2% in 2020 to $742 million.
In late 2019 IDC estimated IoT growth to stand at 14.9%, but as a result of the economic impacts of the COVID-19 crisis, this has since been revised down.