FRAMINGHAM, MA – Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, an increase of 15.4% over 2018, according to International Data Corp. IDC expects worldwide IoT spending will maintain a double-digit annual growth rate throughout the 2017-2022 forecast period and surpass the $1 trillion mark in 2022.

LOS ANGELES – The global automotive electronics market is anticipated to record a market size of around $430.1 billion by 2026, growing at a 9% CAGR, according to Acumen Research and Consulting.