The International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide has predicted worldwide spending of Internet of Things (IoT) will reach $745 billion in 2019.

Middle East organizations are adopting the latest Internet of Things (IoT) technology infrastructure to drive the wider region's US$ 8 billion market, SAP said.

A new study compiled by the International Data Corporation (IDC) has projected that global IoT spending will surpass $1.2 trillion by 2022. The comprehensive study indicates that the market will experience a compound annual growth rate (CAGR) of 13.6% over the 2017-2022 forecast period on its way to hitting the eye-watering figure of $1.2 trillion.

A comprehensive report conducted by the IDC has projected that smart city expenditure is set to reach $28.3bn in 2018. The report analyzed the estimated spending on technologies that is set to be integrated in order to facilitate smart city programs in the Asia Pacific.

A new report by the International Data Corporation (IDC) indicates that investments in smart city initiatives will amount to more than $81bn globally in 2018, with Singapore, Tokyo, New York City, London and Shanghai as main investors.

The smartest cities in the US have been formally announced following weeks of public voting in a survey conducted by IDC Government Insights. Over 3,000 votes were cast in the inaugural IDC Smart Cities North America. (SCNAA)

Chinese multinational telecommunications vendor ZTE which is a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet has partnered with market research firm IDC to jointly issue an "Expediting AI for Operations in the Networks of Future" white paper.