This IDC study provides an update to IDC's worldwide IoT market outlook at a regional and technology level. It provides forecasts on the installed base by region as well as spend projections from both a regional and a technology split perspective. The document also highlights key considerations for technology suppliers in this evolving and complex market as well as some of the drivers and inhibitors of growth throughout the forecast period. This forecast is created from IDC's Worldwide Internet of Things Spending Guide, which is updated semiannually. This iteration included data represented in the December 2015 Worldwide Internet of Things Spending Guide.
"We are beginning to see a more even distribution of IoT spend across regions as the momentum of this market drives enterprises to adopt IoT solutions globally," said Carrie MacGillivray, vice president, IoT and Mobile research. "Vendors must be mindful to having global IoT product strategies, but at the same time, they must have a regional strategy to ensure that local requirements and regulations are met."