This IDC study provides an update to IDC's worldwide IoT market outlook at a regional and technology level. It provides forecast on the installed base by region as well as spend projections from both a regional and a technology split perspective. This 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 includes data presented in the May 2017 Worldwide Semiannual Internet of Things Spending Guide."As 2017 unfolds, we have started to see a shift in focus from the number of 'things' connected and the associated hardware requirements to the need for software to manage, maintain, monitor, and analyze the data these sensors are collecting," says Carrie MacGillivray, vice president, IoT and Mobility. "The IoT platform, analytics software, and applications play a pivotal role in the success of IoT projects, and the shift in spending over the forecast period demonstrates these elements' increasing importance.