The value of IoT hardware will exceed 400 billion US dollars in 2020
IDC's latest Internet of Things (IoT) expenditure report pointed out that the total investment amount of global IoT construction in 2016 reached 737 billion US dollars, of which 30.6% is the purchase amount of hardware and service expenditure is 27.5%. The proportion of software expenditures and communication connections was 25.0% and 16.9%, respectively.
It is estimated that by 2020, the output value of IoT hardware will exceed 400 billion US dollars, and IoT node devices such as modules and sensors will account for the vast majority of hardware expenditures. In the software segment, more than half of software expenditures will be used. In the application (App) development, maintenance.
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