APAC to lead global IoT spending

APAC to lead global IoT spending

According to new research by technology research and advisory firm Ecosystm, global IoT spending is expected to grow at a compound annual growth rate (CAGR) of 7% from 2018 to 2023, reaching a value of US$394.4bn.

Much of this growth will be led by China, which will take up the mantle of being the global centre for IoT solutions, accounting for 23% of the market ($92bn) alone.

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