Internet of Things investments will reach $800bn in 2017
The International Data Company (IDC) has just released its latest spending estimates for the Internet of Things (IoT), and the research firm predicts that investments will grow by 16.7 percent in 2017 to almost $800 billion.
Global IoT spending is expected to hit nearly $1.4 trillion by the year 2021 as a result of enterprise investments in IoT software, services, connectivity and hardware.
IDC believes that the largest investments in this emerging technology will be in manufacturing, freight monitoring and production asset management. There will also be an increase in investments related to smart building and smart grid technologies for electricity, gas and water. Read more…
