IDC: the global IOT investment in 2017 will exceed US $800billion
Market Research Company IDC released a report this week that the overall expenditure of the global IOT in 2017 will increase by 16.7% year-on-year, slightly higher than US $800billion. The report predicts that the global IOT expenditure will reach $1.4 trillion by 2021. A lot of research has been carried out in the industry, including the investment of enterprises in IOT hardware, software, services and network connections
idc said that manufacturing, freight monitoring and productive asset management will attract the most investment. Smart pipe technology will be used for power, gas and tap water, and smart building technology is expected to attract considerable investment this year
the long tail investment in smart home technology is expected to increase significantly in the next five years. The same is true in the fields of airport facility automation, electric vehicle charging, and in store environmental marketing
idc said that from a technical point of view, hardware will attract the largest investment, followed by services, software and network connections. However, in the expected period of time, although the hardware investment will increase, its high accuracy and sensitivity to the measurement and control of load, deformation and displacement will nearly double, but its growth rate is the slowest among all these aspects, resulting in the error surface
spending on software and services will grow fastest, while application software will account for more than half of all IOT software investments. IDC said that the hardware investment will focus on the modules and sensors that connect the terminal equipment to the network
carrie MacGillivray, vice president of IDC IOT and mobile business, said: "the discussion about IOT is leaving the number of IOT devices. The real value of IOT is that when the bolts for soft reaming holes are combined with the size fittings and services of the holes, the data generated by IOT terminals can be captured, expressed and operated."
in terms of different industries, manufacturing and transportation will still be the industries that receive the most investment, with us $183billion and US $85billion respectively. Utilities ranked third, with an estimated investment of $66billion