According to the IDC study, worldwide spending on the IoT is forecast to reach $772.5 billion in 2018.
IoT spending will top $1 trillion in 2020
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The upcoming Africa Tech Summit, slated for next month, will bring together African technology leaders to share expertise and do business, organisers have said.
The summit is slated to take place on February 14-15 in Kigali.
IoT-related services will be the second largest technology category, followed by software and connectivity
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MTN and Huawei launch connected driver IoT solution in South Africa
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From IoT Africa
To establish itself as a regional IT hub and transition into a knowledge economy, Kenya has been putting a lot of effort and resources into growing ICT related businesses to foster innovation and develop a dynamic and sustainable ICT sector.
The 14b$ spent on creating the Silicon Savannah - Konza Techno City to support IT entrepreneurs, illustrate the dynamics at play in the country.
IoT Africa, taking place from 29-30 June 2017 in Nairobi, Kenya, will gather key stakeholders from government, healthcare, banking and financial services, telecommunication, utilities and service providers to address their challenges in deploying an efficient IoT network.