Author: dsellers

Internet of Things spending grew 17.9% in 2016

Internet of Things spending grew 17.9% in 2016
Worldwide spending on the Internet of Things (IoT) is forecast to have reached US$737 billion in 2016 as organizations invest in the hardware, software, services, and connectivity that enable the IoT. According to a new update by International Data Corporation (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.

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