Internet of Things spending will grow from $699 billion in 2015 to nearly $1.3 trillion in 2019

Internet of Things
The Internet of Things (IoT) is on the cusp of a high-growth age and will reach almost $1.3 trillion in spending in 2019, according to a new report. The Asia-Pacific region is currently leading the way, while manufacturing and transportation are the industries currently seeing the biggest IoT spending.

IoT spending is expected to be $698.6 billion in 2015, according to the International Data Corporation (IDC). This figure is forecast to grow at a 17.0 percent compound annual growth rate (CAGR) to nearly $1.3 trillion in 2019. The IDC defines IoT as “a network of uniquely identifiable, autonomously communicating endpoints (or ‘things’).”

Today, the Asia-Pacific region accounts for more than 40 percent of worldwide IoT spending, followed by North America and Western Europe. Asia-Pacific’s big spending on IoT is driven by countries’ continuing technology investment needs, government investments incorporating more IoT components, and a blossoming new consumer class spending more on IoT goods and services, according to Marcus Torchia, research manager of IoT for the IDC.

Latin America is expected to see the fastest five-year growth from now until 2019 with a 26.5 percent CAGR.

While manufacturing and transportation led the world in IoT spending ($165.6 billion and $78.7 billion, respectively) in 2015, the insurance, health care, and consumer verticals are expected to see the fastest growth over the next five years.

The IDC also notes the unique IoT fastest growing use cases of prominence in each global region. For instance, in North America, IoT is flourishing thanks to retailers deploying in-store contextual marketing (think beacons). In Asia-Pacific, vehicle-mounted devices are used to monitor driver behavior to determine insurance rates.

Emerging Tech

Awesome Tech You Can’t Buy Yet: Plant-based shoes and a ukulele learning aid

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Mobile

T-Mobile and Sprint may sell $6 billion in assets to win merger approval

T-Mobile and Sprint are getting closer to merging. After a few failed attempts, the two companies announced their merger at the start of 2018. The new T-Mobile could be better positioned to take on the likes of Verizon and AT&T.
Movies & TV

Who needs sunshine? Stay inside and watch the best movies on Netflix instead

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Movies & TV

The best shows on Netflix right now (June 2019)

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
News

Same-day shipping: Is Target piling on or punching above its weight?

Target announced a new option on Target.com: same-day delivery via Shipt, a Target-owned delivery service. According to a news release, shoppers can get 65,000 items delivered in as little as one hour when they place orders on Target.com.
Emerging Tech

Impossible Foods struggles to keep up with Impossible Burger demand

Red Robin and White Castle have reported Impossible Burger shortages, as it appears that Impossible Foods is struggling to keep up with demand. The company will be selling its meat-like patties in retail outlets within the year.
Emerging Tech

Pass the salt please: Table salt found on Jupiter’s moon Europa

Astronomers have spotted something unexpectedly familiar on the surface of Jupiter's moon Europa -- sodium chloride, better known as table salt. This suggests the under-ice oceans on Europa are salty and similar to our oceans on Earth.
Emerging Tech

Hubble captures explosive galaxy, the site of three recent supernovae

Hubble's latest image is of the spiral galaxy NGC 4051 which is notable for having played host to a large number of supernovae: the first seen in 1983 (SN 1983I), the second in 2003 (SN 2003ie), and the most recent in 2010 (SN 2010br).
Emerging Tech

The grainy texture of Saturn’s rings reveals clues to their origins

New analysis of data from Cassini shows that Saturn's rings are not smooth, but rather are grainy in texture. Scientists believe that tiny moons within the rings cause materials to cluster and form clumps and straw-like patterns.
Emerging Tech

The Very Large Telescope gets upgrade to aid its hunt for habitable exoplanets

The Very Large Telescope is growing even bigger. The latest addition to the telescope's suite of instruments is a tool called NEAR (Near Earths in the AlphaCen Region) which will hunt for exoplanets in the nearby Alpha Centauri star…
Emerging Tech

Your smartphone could be the key to predicting natural disasters

A challenge for atmospheric scientists is gathering enough data to understand the complex, planet-wide weather system. Now a scientist has come up with a clever idea to gather more data using smartphones and Internet of Things devices.
Emerging Tech

Tormented robot pulls a gun on its creators in latest Boston Dynamics spoof

Boston Dynamics' remarkable robots often receive a good few shoves in its videos, and the eager mistreatment recently inspired a team of L.A.-based video artists to give its rather amusing take on the matter.
Smart Home

A new survey by Adobe shows an evolving market for voice applications

A new consumer survey conducted by Adobe Analytics has uncovered a growing desire for more diversity in voice-controlled applications and devices as well as growing engagement with voice ads.
Emerging Tech

Live long and prosper? Experimental compound could slow down the aging process

Want to extend your natural lifespan beyond its current limits? A metabolite of biomolecules — found in pomegranates of all places — could help slow the aging process. Here's how.