Worldwide Internet of Things Forecast, 2024-2028

This IDC study provides key considerations for technology suppliers in this evolving and complex market as well as select drivers and inhibitors of growth throughout the forecast period. This forecast is created from IDC's Worldwide Internet of Things Spending Guide. This iteration includes data presented as per IDC's Worldwide Internet of Things Spending Guide Taxonomy, 2024: Release V1, 2024 (IDC #US51552923, September 2024), and 19 technology categories and 67 named use cases (86 including sub-use cases) across 19 enterprise industries in 9 regions and 53 countries were identified and sized across the technology stack, with up-front and recurring spend considered."The term IoT is heading toward becoming ubiquitous as now almost all new devices entering the market feature a level of connectivity," said Carlos M. Gonzalez, research manager of IDC's Internet of Things Ecosystems and Trends. "As we begin to connect more devices and explore the benefits of AI, we need also to concern ourselves with data reliability and ensuring that results are reliable, trustworthy, and without bias."