21 May '15, 4am
Worldwide IoT market to grow 19% in 2015, led by digital signage, says IDC
Worldwide IoT market to grow 19% in 2015, led by digital signage, says IDC Press release, May 20; Alex Wolfgram, DIGITIMES [Wednesday 20 May 2015] The worldwide Internet of Things (IoT) market is expected to grow 19% in 2015, led by digital signage, according to a new forecast from IDC. The forecast focuses on growing IoT use in 11 vertical industries, including consumer, retail, healthcare, government, manufacturing, transportation, and other industries, while also sizing IoT opportunities for 25 vertical-specific use cases. IDC said the IoT market in manufacturing operations will grow from US$42.2 billion in 2013 to US$98.8 billion in 2018, a five-year CAGR of 18.6%. Growth will be driven by ongoing efforts to increase efficiency and link islands of automation. Digital signage use in retail outlets will grow from US$6 billion in 2013 to US$27.5 billion in 2018, a 35.7% f...