Actionable Worldwide-level Internet of Things Spending

as you know, when it comes to Internet of Things, our commitment is and will remain the same: help you inter alia clearly understand the industry-specific opportunities for IoT technologies.

More and more, it is exciting to see that IoT investments improve working and living conditions; accelerate sustainable development, government investments in infrastructure development and local business modernization.

Connectikpeople.co can also observe that, connected vehicles, henceforth a 

Google Car.

broad category that includes emergency, infotainment, security, vehicle-to-vehicle (V2V), and vehicle-to-infrastructure V2I) applications is among the fastest growing use cases across the world.

According to a new International Data Corporation (IDC ) Spending Guide, worldwide spending on the Internet of Things (IoT) will grow at a 17.0% compound annual growth rate (CAGR) from $698.6 billion in 2015 to nearly $1.3 trillion in 2019. 

Within the same guide, Connectikpeople.co can clearly observe that, Asia/Pacific is the clear leader when it comes to IoT spending with more than 40% of the worldwide total coming from this region in 2015. North America and Western Europe are the second and third largest regions with combined spending of more than $250 billion in 2015. 

From a vertical industry perspective, Manufacturing and Transportation led the way in worldwide IoT spending with 2015 totals of $165.6 billion and $78.7 billion, respectively. 

Use cases vary from region to region; then Connectikpeople.co can observe that, in Central & Eastern Europe (CEE) and the Middle East & Africa (MEA), the fastest growing IoT category is smart buildings, where IoT technology that utilizes advanced automation and integration is being used to measure, monitor, control, and optimize building operations and maintenance.