IDC: China’s IoT market size will approach $300 billion in 2026

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36氪 was informed that IDC Consulting recently released the 2022 V1 version of IDC’s “Global Internet of Things Spending Guide”. According to IDC’s latest forecast, the size of China’s enterprise-level market will reach US$294 billion in 2026, with a compound growth rate of 13.2%. The global share is about 25.7%, and it continues to maintain the world’s largest IoT market volume. Compared with the 2021V2 version, due to the negative impact of the epidemic, IDC has lowered the scale of China’s IoT market spending in 2022 in this forecast. However, with the dynamic adjustment of the epidemic prevention and control policy and the continuous development of the “14th Five-Year Plan” project, IDC maintained the market growth forecast of more than 10% from 2023 to 2025.
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