PRAGUE / FRAMINGHAM, Mass., – December 11, 2015 – According to a new International Data Corporation (IDC) Spending Guide, worldwide spending on the Internet of Things (IoT) will grow at a 17.0% compound annual growth rate (CAGR) from $698.6 billion in 2015 to nearly $1.3 trillion in 2019. (TZ)
On a geographic basis, Asia/Pacific is the clear leader when it comes to IoT spending with more than 40% of the worldwide total coming from this region in 2015. North America and Western Europe are the second and third largest regions with combined spending of more than $250 billion in 2015. The regions that will experience the fastest growth in IoT spending over the five-year forecast period are Latin America, followed by Western Europe, and Central and Eastern Europe (20.7% CAGR).
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