Are you investing in IoT for 2020

With the increasing demand for technology and ICT expenditure expecting to hit 5.5 trillion by 2020, companies are considering their telecommunications strategy for the next 5 years.

One of the drivers for this is the growth is the Internet of Things (IoT). As electronic sensors are the enabler for IoT we can look at the investment in this area and according to PwC’s 6th Annual Digital IQ survey of nearly 1,500 business and technology executives, the IoT movement is underway

Top 10 industries investing in sensors
31% Automotive
25% Industrial
22% Hospitality
20% Healthcare
20% Retail
18% Entertainment
17% Technology
13% Financial services

This graph shows the IoT spending evolutions from 2016 – 2021