Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, an increase of 15.4% over the $646 billion spent in 2018, according to a new update to the International Data Corporation (IDC)
IoT Playbook Insight: Spending in the IoT market keeps going up and up and up, especially when consumer products bump the dollar tally. IDC predicts consumers will pony up $108 billion, the second largest figure after discrete manufacturing ($119 billion).
Everyone (at least in America) was so focused on what to get dad for Father’s Day that lots of IoT news slipped by. Well, that may not be true if you bought your dad an IoT device, like a surveillance camera so he can see when to run out the front door and yell at those kids to get off his lawn.