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IDC: Internet of Things Spending Will Top $745B in 2019

A new report by IDC projects spending on Internet of Things (IoT) devices, services and support will reach $745 billion in 2019, with industrial users leading the way.

Total spending on Internet of Things (IoT) implementations and support will increase 15.4 percent in 2019 to more than $745 billion, according to a new report by market analyst firm IDC. Most of the IoT investments and spending will go toward solutions that support manufacturing operations and asset management, as well as logistics and asset tracking.