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Worldwide Internet of Things Forecast Update, 2017–2021

Worldwide Internet of Things Forecast Update, 2017–2021

This IDC study provides 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 Semiannual Internet of Things Spending Guide. This iteration includes data presented in the November 2017 update to the Worldwide Semiannual Internet of Things Spending Guide. In the most recent iteration, there were 53 use cases identified and sized across the technology, with up-front and recurring spend considered."By 2021, more than 55% of spending on IoT projects will be for software and services. This is directly in line with results from IDC's 2017 Global IoT Decision Maker Survey where organizations indicate that software and services are the key areas of focused investment for their IoT projects," said Carrie MacGillivray, group vice president, Internet of Things and Mobility at IDC. "Software creates the foundation upon which IoT applications and use cases can be realized. However, it is the services that help bring all the technology elements together to create a comprehensive solution that will benefit organizations and help them achieve a quicker time to value."

Please Note: Extended description available upon request.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Worldwide Internet of Things Spend Forecast by Region
Worldwide Internet of Things Spend Forecast by Technology
Market Context
Drivers and Inhibitors
Drivers
Proliferation of Interconnected Devices and Things
IoT Ecosystem Complexity
Enterprise Readiness
Inhibitors
Security Concerns
Coordination Between IT and Line of Business
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
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