Among other things, there are large dollar amounts involved in the Internet of Things. Aside from the various projections of 20 billion or more Internet-connected devices coming, the investment frombusinesses is even more noteworthy. U.S. organizations will invest more than $232 billion in Internet of Things hardware, software, services and connectivity this year, based on the latest worldwidespending forecast from the International Data Corp. (IDC).
Source: IoT Spending This Year: $232 Billion; Biggest Revenue Growth: In-Store Marketing 06/24/2016