Worldwide IoT Spending Forecast to Reach $726 Billion This Year

GlobalDots
1 Min read

Worldwide spending on the Internet of Things (IoT) is forecast to pass the $1.0 trillion mark in 2022, reaching $1.1 trillion in 2023.

Reduce your AWS costs by over 50%

Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already using our FinOps services.

Reduce your AWS costs 
by over 50%

A new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide shows the compound annual growth rate (CAGR) for IoT spending over the 2019-2023 forecast period will be 12.6%.

The three commercial industries that will spend the most on IoT solutions throughout the forecast are discrete manufacturing, process manufacturing, and transportation. Together, these three industries will account for nearly a third of worldwide spend total in 2023.

Read more: Help Net Security

Latest Articles

Project FOCUS: A New Age of FinOps Visibility

It’s easy for managers and team leaders to get caught up in the cultural scrum of FinOps. Hobbling many FinOps projects, however, is a lack of on-the-ground support for the DevOps teams that are having to drive this widespread change – this is how all too many FinOps projects become abandoned on the meeting room […]

Nesh (Steven Puddephatt) Senior Solutions Engineer @ GlobalDots
27th March, 2024
Optimize Your Cloud Spend with a FinOps Maturity Assessment

Achieving FinOps is a tall order: it demands a degree of organizational self-awareness that some companies are constantly battling for. Consider the predicament that many teams find themselves in: while their cloud environments may contain a number of small things that could be optimized, there are no single glaring mistakes that are consuming massive quantities […]

Nesh (Steven Puddephatt) Senior Solutions Engineer @ GlobalDots
27th March, 2024
Terraform Best Practices Checklist

Enhance your Terraform skills with 13 proven techniques curated by our DevOps experts. Gain insights on module optimization, state file management, advanced version control, and many more key topics.   Reduce your AWS costs by over 50% Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already […]

Developer AXE-WEB
27th March, 2024
Efficient Cluster Management

Developers and DevOps teams, it’s time to make Kubernetes simple, efficient, and easy to manage. Download our comprehensive guide to efficient cluster management to learn how to turn Kubernetes into a well-oiled machine. This guide offers: Reduce your AWS costs by over 50% Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, […]

Developer AXE-WEB
27th March, 2024

Unlock Your Cloud Potential

Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.

Unlock Your Cloud Potential