27 Jun '16, 8am
Meaningful use cases help spur spending on IoT in CEE, says IDC
Meaningful use cases help spur spending on IoT in CEE, says IDC Press release, June 27; Joseph Tsai, DIGITIMES [Monday 27 June 2016] In a new update to the Worldwide Semiannual Internet of Things Spending Guide, IDC forecasts that organizations in Central and Eastern Europe (CEE) will invest more than US$11.2 billion in Internet of Things (IoT) hardware, software, services, and connectivity this year. And IDC expects IoT revenues in the CEE region will post a compound annual growth rate (CAGR) of 20.9% over the 2016-2020 forecast period, reaching US$24 billion in 2020. Among industry verticals, transportation and manufacturing are leading the way in CEE IoT investments, at roughly US$2.3 billion each in 2016. The next largest vertical, utilities, is expected to have IoT investments exceeding US$1.2 billion this year. The IoT use cases receiving the greatest levels of inves...