IDC: Internet of Things Spending Forecast to Reach Nearly $1.3 Trillion in 2019 Led by Widespread Initiatives and Outlays Across Asia/Pacific

Worldwide spending on the Internet of Things (IoT) will grow at a 17 percent compound annual growth rate (CAGR) from $698.6 billion in 2015 to nearly $1.3 trillion in 2019, according to IDC. On a geographic basis, Asia/Pacific is the clear leader when it comes to IoT spending with more than 40 percent of the [...]