FRAMINGHAM, MA – Worldwide spending on Internet of Things (IoT) is forecast to reach $737 billion in 2016, as organizations invest in the hardware, software, services and connectivity that enable IoT, says International Data Corp. Global IoT spending will experience a CAGR of 15.6% from 2015 to 2020, reaching $1.29 trillion in 2020.
WASHINGTON — The 90-day moving average sales of semiconductors worldwide reached $31 billion in November, up 7.4% from a year ago.