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IDC Forecasts Worldwide IoT Spend of $745 Billion in 2019

Added to IoTplaybook or last updated on: 01/03/2019

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). Smart home will tally $44.1 billion, while freight monitoring should hit $41.7 billion. That means lots of devices and data flows are planned for 2019.