IDC predicts global spending on Internet of Things (IoT) to reach nearly $1.1 trillion by 2021. Reseller ME discovers how channel partners can capitalise on the opportunities with this technology as customers look to invest in the infrastructure that enable IoT.
The adoption of Internet of Things (IoT)in the Middle East region is projected to rise over the next few years as customers digitise their operations and enhance productivity.
IDC expects IoT to grow to a value of $1.1 trillion in 2021. The research firm also says that IoT hardware will be the largest technology category in 2018 with $239 billion going largely towards modules and sensors along with some spending on infrastructure and security. According to the report, services will be the second largest technology category, followed by software and connectivity.