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IoT to general global revenues of USD 8.9 trn in 2020

Thursday 3 October 2013 | 19:12 CET | News
Internet of Things (IoT) technology and services spending is forecast to generate global revenues of USD 4.8 trillion in 2012 and USD 8.9 trillion by 2020, growing at a compound annual rate (CAGR) of 7.9 percent, according to new data from IDC. The Internet of Things represents a new construct in the information and communications technology (ICT) world. Some enablers to the rise of IoT include: ongoing development of smart cities, cars and houses, enhanced connectivity infrastructure and an increasingly connected culture. Although there is growing demand for the IoT, there are still several

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Categories: Internet
Countries: World
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