IDC: Spend on the IoT will reach $1.29 trillion by 2020
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According to a forecast by IDC, worldwide spending on the IoT will reach $1.29 trillion by 2020 based on an expected compound annual growth rate of 15.6 percent. This year alone, global spend is forecast to reach $737 billion as organisations make IoT hardware, software, connectivity, and service investments.
This growth will be fuelled by the uptake of IoT-based technology...