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Emerging Tech News

Emerging Tech News: IIOT
6th February 2019

Manufacturing will dominate IoT spend this year

Worldwide spend on Internet of Things (IoT) technology could hit US$745 billion in 2019, according to the International Data Corporation (IDC). That would represent a 15.4 percent hike on that spent in 2018, and it’s said that spend could maintain a double-digit growth until 2022 when it could surpass the US$1 trillion mark. The majority of this year’s spend is within the manufacturing industry – more specifically discrete manufacturing (US$119 billion) and process manufacturing (US$78 billion) – where uses of the technology will be focused on supporting operations and production asset management.

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