A recent IDC survey commissioned by TELUS has revealed that only a small portion of Canadian businesses have an Internet of Things solutions in place. This is despite the fact that IoT spending is expected to grow by 375 percent in the next four years.
Right now, only six percent of Canadian businesses have an IoT solution in place. A further seven percent will deploy solutions this year. According to IDC, annual IoT spending in Canada sat at $5.6 million in 2013. That number will apparently jump to $21 billion in 2018. (more…)