CHART: Internet of Things Spending Forecast to Surpass $1 Trillion By 2026
As the Internet of Things (IoT) becomes the key building block of global digitization and digital transformation, worldwide spending on IoT is projected to reach $805.7 billion in 2023, growing by 10.6% from 2022, according to the International Data Corporation (IDC). By 2026, investments in the IoT ecosystem
As the Internet of Things (IoT) becomes the key building block of global digitization and digital transformation, worldwide spending on IoT is projected to reach $805.7 billion in 2023, growing by 10.6% from 2022, according to the International Data Corporation (IDC).
By 2026, investments in the IoT ecosystem are expected to surpass $1 trillion with a CAGR of 10.4% over the 2023-2027 forecast period, the report finds.
