TECH SUPPLIER Sep 2019 - Market Forecast - Doc # US45373120
Worldwide Internet of Things Forecast, 2019–2023
By: Carrie MacGillivrayGroup Vice President & General Manager, WW Telecom, Mobility & IoT Research, Marcus TorchiaResearch Director, Customer Insights & Analysis, Ashutosh BishtSenior Research Manager, Milan KalalProgram Manager, European Services, Jonathan LeungSenior Market Analyst, Roberto MembrilaSenior Analyst, ROC, Latin America, Andrea SivieroAssociate Research Director, European Customer Insights & Analysis, Nigel WallisResearch Vice President, IoT and Industries, Yuta TorisuSenior Market Analyst, Communications, IDC Japan
This IDC study provides 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 Semiannual Internet of Things Spending Guide. This iteration includes data presented in IDC's June 2019 Worldwide Semiannual Internet of Things Spending Guide, where 82 use cases and 20 additional industry-specific "other" use cases were identified and sized across the technology stack, with up-front and recurring spend considered.
"Spending on IoT deployments continues with good momentum and is expected to be $726.5 billion worldwide this year," said Carrie MacGillivray, group vice president, Internet of Things, 5G, and Mobility at IDC. "While organizations are investing in hardware, software, and services to support their IoT initiatives, their next challenge is finding solutions that help them manage, process, and analyze the data being generated from all these connected things."
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