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IoT Spending In APAC To Reach $382 Bn By 2022

March 14, 2019 / GYANA RANJAN SWAIN

As per a recent IDC Worldwide Semiannual Internet of Things Spending report, APAC regions excluding Japan would see IoT spending on various products and solutions to reach $381.8 billion by 2022. The report says the region will be the global leader for IoT Spending in 2019 with around 36.9% of the world wide spend, followed by United States of America and Western Europe with 26.1% of the world wide IoT Spend in 2019 respectively. China is the top spender in the region with $159.1 Billion accounted for the year 2018 followed by South Korea and India with a spending of $22.6 Billion and $19.6 Billion in 2018 respectively.