China Leads World in IoT Spending, US in AI, Big Data Spending, Says IDC
China is the largest market for IoT spending, augmented and virtual reality and robotics, while the U.S. “continues to dominate spending on software-driven markets,” said IDC Tuesday. By 2022, China will account for nearly 40 percent of worldwide robotics spending,…
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with almost $80 billion annually, it said. It does more than a quarter of global spending on IoT and AR/VR. The U.S. does nearly 70 percent of artificial intelligence spending and more than half on big data and analytics, said IDC. It estimates U.S. annual spending on AI will grow to nearly $50 billion by 2022, as big data and analytics investments reach $140 billion.