The Internet of Things is henceforth at the core of each industry with immediate and residual benefits for end users through their technologies, hardware, software, sensors, and services. In fact, we see strong opportunities across many industries. From highly instrumented verticals like manufacturing and transportation where large data sets are used to optimize operational processes and extend the life of high capital cost assets, to other sectors like healthcare and consumer, where IoT technology is being used to produce benefits that improve quality of life.
IDC forecasts that U.S. organizations will invest more than $232 billion
in Internet of Things (IoT) hardware, software, services, and connectivity this
year.
According to the firm, the industries leading the way in U.S. IoT
investments are Manufacturing and
Transportation at $35.5 billion and
$24.9 billion, respectively, in 2016. However, Cross-Industry investment, which represents use cases common to all
industries, could approach $31 billion this year.
The Insurance, Retail and Healthcare industries will see IoT spending
levels increasing by 135%, 101%, and 96%, respectively, through 2019.