Biggest IoT Use Cases
The IoT use cases that are expected to attract the largest investments in 2017 include manufacturing operations, which will see $105 billion in investments, freight monitoring with $50 billion in investments, and production asset management with $45 billion in spending. Smart grid technologies for electricity, gas and water and smart building technologies are also forecast to see significant investments this year, according to IDC.
The IDc report said these use cases will continue to see the largest amounts of spending in 2021, but smart home technologies are forecast to also grow at a compound annual growth rate of 19.8 percent. Airport facilities automation, electric vehicle charging and in-store contextual marketing will also see rapid spending growth.