Security News > 2017 > January > Worldwide IoT spending to reach $1.29 trillion in 2020 (Help Net Security)

Worldwide IoT spending is forecast to reach $737 billion in 2016 as organizations invest in the hardware, software, services, and connectivity that enable the IoT. According to IDC, global IoT spending will experience a compound annual growth rate (CAGR) of 15.6% over the 2015-2020 forecast period, reaching $1.29 trillion in 2020. Largest IoT investments The industries forecast to make the largest IoT investments in 2016 are Manufacturing ($178 billion), Transportation ($78 billion), and Utilities ($69 … More →

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