livemint.com
60%
846
IoT spending to grow at 8.2% in 2020 due to covid-19: IDC
IoT in 2020 are expected to come from healthcare (14.5% growth), insurance (12.3%), and education (11.9%), the IDC report says.Consumer driven smart home spending, which includes expenses on products like smart speakers, internet cameras, smart bulbs, smart locks, smart mesh WiFi routers will grow 14.4% y-o-y in 2020.This is the second largest use case in terms of overall spend."Although the current pandemic forced many organizations to pause some innovative IoT deployments, IoT will be a key return to growth accelerator with selected use cases being safe bets for end users to focus on in order to reach a new level of automation, remote everywhere experience, and hyper-connectivity," Andrea Siviero, associate research director, Customer