Worldwide Spending on the Internet of Things is Forecast to Surpass $1 Trillion in 2026, According to a New IDC Spending Guide
Worldwide spending on the Internet of Things (IoT) is forecast to be $805.7 billion in 2023, an increase of 10.6% over 2022, according to a new International Data Corporation ( IDC ) Worldwide Internet of Things Spending Guide .
- Worldwide spending on the Internet of Things (IoT) is forecast to be $805.7 billion in 2023, an increase of 10.6% over 2022, according to a new International Data Corporation ( IDC ) Worldwide Internet of Things Spending Guide .
- State/Local Government and Telecommunications will deliver the fastest spending growth over the five-year forecast with CAGRs of 12.0% and 11.7% respectively.
- China's IoT spending is forecast to surpass the United States by the end of the forecast due to its 13.2% CAGR.
- The spending guide also includes an IoT connectivity forecast for cellular, Low-Power Wide Area Networks, and other connectivity (e.g.