Spending On IoT Hardware And Software
From a technology perspective, IDC said that hardware will be the largest spending category for the next few years as customers look to install modules and sensors to connect their devices.
However, hardware is not the fastest-growing technology category in terms of spending – by 2021, hardware investments will be surpassed by the faster-growing services category, according to IDC.
Software spending, on the other hand, will be the fastest growing area. Software will be dominated by application software, but horizontal and analytics software will see growth as well.