IDC: Asia Pacific will spend almost $400bn on Internet of Things by 2023

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The latest note from analyst firm IDC has predicted that the Asia Pacific (APAC) region will be the global leader for IoT spending in 2019 – confirming the company’s previous forecast.

The most recent Worldwide Semiannual Internet of Things Spending Guide, predicts that APAC will account for more than a third (35.7%) of global spend, followed by the US and Western Europe with 27.3% and 21.2% of the spend, respectively.

In the APAC region, China is the top spender with $168.6 billion (£135bn), followed by South Korea with $26.2bn (£21bn) and India with $20.6bn (£16.4bn) in

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