According to a recent report, overall spending on the Internet of Things is $140 billion in 2017 and counting. The report predicts that the expected rate of growth will be 18 percent by 2022. The total spend is projected to be around $322 billion by then. Automotive. Energy and Utilities verticals will be the biggest spenders, representing over 45 percent of total IoT technology spending.
Management consulting firm Zinnov has released its 2017 Zinnov Zones for IoT technology services. These ratings are designed to enable business leaders to make informed decisions about their Internet of Things (IoT) product and service deployments.
