Internet of Things (IoT) spending in Australia and New Zealand (A/NZ) is forecast to surpass US$14.3 billion in 2021, delivering an annual growth rate of 10.4 percent, according to IDC researchers.
Assuming the use cases remain roughly as they presently are, enterprise applications will be 90 percent of the IoT total. Manufacturing might represent 30 percent of IoT spending with utility and transportation uses at about 11 percent and nine percent of total IoT volume.
source: IDC
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