Worldwide Internet of Things Forecast Update, 2016–2020
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 May 2016 Worldwide Internet of Things Spending Guide."IDC continues to track the IoT market very closely and provides a realistic perspective of where market growth will happen by approaching the market sizing with a use case approach," says Carrie MacGillivray, vice president, IoT and Mobile. "As we approach the midpoint of 2016, real-life deployments are taking place and organizations are beginning to experience digital transformation with IoT as a key enabler."