IDC notes that the global IoT spending in 2018 is projected to increase 14.6% annually to $ 772.5 billion. IDC expects to spend $ 674 billion in 2017, a breakthrough of $ 1 trillion in integer levels in 2020 and a further $ 1.1 trillion in 2021; a CAGR estimate of 14.4% for 2017-2021.

IoT hardware is expected to be the largest technology project in 2018, with $ 239 billion mainly focused on modules and sensors and some will be invested in infrastructure and security. The software is expected to be the fastest-growing technology category in the IoT market, with CAGR projected at 16.1% for 2017-2021. maz3091

IDC expects IoT Service Spending CAGR to reach 15.1% between 2017 and 2021 and estimates the annual amount for 2021 to approach IoT hardware.

Carrie MacGillivray, vice president of operations and IoT at IDC, said that by 2015 more than 55% of IoT planned spending will focus on software and services.

The most actively invested IoT solutions for 2018 are manufacturing ($ 189 billion), transportation ($ 85 billion) and utilities ($ 73 billion) respectively.

In 2018, cross-industry (Cross Industries) IoT application expenditures such as car networking and intelligent building are estimated to approach 92 billion U.S. dollars. rur860

IDC Research Director Marcus Torchia said consumer Internet spending will reach $ 62 billion in 2018, making it the fourth-largest industry category, with applications such as smart home, home automation, security and smart appliances.

Under the guidance of smart appliances, consumer IoT spending CAGR is estimated to reach 21.0% between 2017 and 2021, ranking the highest in all industries.