IoT spending in Asia-Pacific to reach $288B in 2021: IDC

Singapore: The spending on Internet of Things (IoT) in the Asia-Pacific region will rebound in 2021 to reach $288.6 billion at a compound annual growth rate (CAGR) of 11.7 per cent, according to a new IDC report.

On a geographical perspective, China, Korea, and India will account for more than three quarters of overall IoT spending in the region in 2021, followed by Australia and Indonesia.

Countries that will see the fastest IoT spending are China, Malaysia and Hong Kong.