Pandemic Hits IoT Spending
Internet of Things (IoT) sales, like those of many other technologies, have been hurt by the COVID-19 pandemic, though there has been some recent improvement, according to a new IoT spending forecast from International Data Corporation (IDC).
The update to IDC’s previously issued Worldwide Internet of Things Spending Guide shows IoT spending growing 8.2% from 2019 to $742 billion in 2020, down from the previous forecast of a 14.9% growth rate.
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