IDC: growth drivers in industrial IoT in coming years

IDC: growth drivers in industrial IoT in coming years

IDC forecasts global spending on the Internet of Things (IoT) to stand at US$805.7 billion in 2023, up 10.6% over 2022. Investments in the IoT ecosystem are expected to surpass US$1 trillion in 2026 with a compound annual growth rate (CAGR) of 10.4% over the 2023-2027 forecast period.

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