Global IoT Spending Dropping Significantly In 2020, But Expected To Rebound In 2021
HelpNet Security, June 22nd, 2020
June 22, 2020,
Volume 267, Issue 4
Worldwide IoT spending has been significantly impacted by the economic effects of the pandemic in 2020, although a back to double-digit growth rebound is expected both in the mid and long-term
"IoT spending is growing 8.2% year over year to $742 billion in 2020 down from 14.9% growth forecast in the November 2019. Nevertheless, global IoT spending is expected to return to double-digit growth rates in 2021 and achieve a compound annual growth rate (CAGR) of 11.3% over the 2020-2024 forecast period..."
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