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IoT growth

Graham Immerman Industry 4.0 / June 15, 2018

It's hard to really see how quickly IoT growth is changing our world, but Forbes put together some statistic that demonstrate the change. "By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services." The IoT market will likely reach $123 billion in the next three years.

Recommended Read 10 Charts That Will Challenge Your Perspective Of IoT's GrowthSource: http://www.forbes.com

By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. McKinsey predicts the IoT market will be worth $581B for ICT-based spend alone by 2020, growing at a Compound Annual Growth Rate (CAGR) between 7 and 15%. Read More

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IoT growth

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