IoT spending increases as strategies mature

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Apparently the Internet of Things (IoT) isn’t just a passing fad. Global spending on IoT is expected to grow 16.7% year over year in 2017, reaching just over $800 billion. That’s according to technology research giant IDC in an update to its Worldwide Semiannual Internet of Things Spending Guide. By 2021, IDC says, enterprise spending on […]

Cloud spend outpacing traditional IT, spurring security investments

According to a newly released report from IDC, the share of cloud IT infrastructure sales in the third quarter of 2016 has climbed to 39.2% of all IT infrastructure spending, up from 34.7% a year ago. According to IDC: Revenue from private cloud infrastructure sales grew 8.2% to $3.3 billion, and public cloud 8.0% to $5.1 […]

Global security spending to exceed $100 billion by 2020

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Research firm International Data Corporation (IDC) recently forecast that worldwide revenues for security-related hardware, software and services will grow from $73.7 billion in 2016 to $101.6 billion in 2020. That’s a compound annual growth rate of 8.3% — more than twice the rate of other IT spending. “Today’s security climate is such that enterprises fear […]

The Internet of Things (IoT): A consolidated market definition

A market segment, which contains the word ‘things’ is evidently going to become prone to a variety of interpretations and this is definitely the case with the Internet of Things (IoT.) Nevertheless, the market for IoT in healthcare has been forecasted to reach a very significant market size, for instance $117b by 2020 according to […]