In 2021, the global enterprise-level investment in the Internet of Things was about US$681.28 billion, which is expected to increase to 1.1 trillion US dollars in 2026, with a five-year compound growth rate (CAGR) of 10.8%.
Affected by the epidemic, IDC slightly reduced the total spend forecast of China's Internet of Things market in 2022.
However, with the optimization and adjustment of epidemic prevention and control policies and measures, the development of China's Internet of Things will maintain a stable and good trend in the next five years.
China IoT spending forecast
Specifically, IDC predicts that in 2026, the scale of China's Internet of Things investment will be close to 298.12 billion US dollars, accounting for about a quarter of the global total investment in the IoT. In addition, China's Internet of Things spending grew steadily with a five-year CAGR of 13.4%, exceeding the global average....
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