Charlie Taylor: Spending on Internet of Things technology to pass $1tn by 2020

New IDC forecast predicts 15.4 per cent increase in spend this year to €652 billion

Worldwide spending on the Internet of Things (IoT) technology is expected to surpass the $1 trillion (€875 billion) mark by 2022, according to a new forecast from research company IDC.
The research company predicts IoT spending will rise 15.4 per cent in 2019 to $745 billion (€652 billion) from $646 billion last year as adoption rises in both the business space and the consumer space.

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