New research sees Internet of Things (IoT) spending growing by nearly 16% by 2020 driven by hardware investments, primarily by manufacturers.
The Journal reported on the release of the “Worldwide Semiannual Internet of Things Spending Guide” by International Data Corp.(IDC).
The IDC report found that IoT spending will reach $1.29 trillion worldwide by 2020, representing a 15.6% compound annual growth rate between 2015 and 2020.
See also: China IoT market worth over $120 billion by...
IoT spending to reach $1.3 trillion by 2020 on hardware investment
New research sees Internet of Things (IoT) spending growing by nearly 16% by 2020 driven by hardware investments, primarily by manufacturers.
The Journal reported on the release of the “Worldwide Semiannual Internet of Things Spending Guide” by International Data Corp.(IDC).
The IDC report found that IoT spending will reach $1.29 trillion worldwide by 2020, representing a 15.6% compound annual growth rate between 2015 and 2020.
See also: China IoT market worth over $120 billion by...
Chris O’Connor, IBM’s General Manager for Internet of Things Offerings, has been involved with connected devices for almost 25 years. As a result, he has a unique view on the emergence of the Internet of Things (IoT), what it means for the future, and what we can learn from previous generations of technology. 
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