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


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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