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IDC: IoT spending to hit $800B in 2017

Published 06/14/2017, 03:35 PM
© Reuters.  IDC: IoT spending to hit $800B in 2017
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  • IDC updates the firm’s predictions of worldwide IoT spending to include $800B in spending this year (+16.7% Y/Y).
  • 2021 forecast expects spending to hit $1.4T.
  • Largest IoT segments in 2017: manufacturing operations: $105B; smart grids for utilities: $56B; freight monitoring: $50B; product asset management: $45B; and smart building tech: $40B.
  • Growth segments expected to soar in 2021 include smart home tech with an anticipated 19.8% CAGR, airport automation with 33.4% CAGR, and electric vehicle charging with 21.1% CAGR.
  • Related IoT stocks: (QCOM -1.1%), (CSCO -0.7%), (INTC -1.3%), (AAPL -1.4%), (AMZN -0.8%), (AMD -2%)
  • Now read: Apple's Recent Declaration Of War


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