The Internet of Things
IDC forecasted that worldwide spending on the Internet of Things (IoT) would reach US $772.5 billion in 2018, an increase of 14.6% over the US $674 billion that spent in 2017.
Acquisitions by CMT companies of IoT related firms reached US$ 93.3 billion. Adoption of IoT is gaining traction, 65% of CMT companies Marsh & McLennan interviewed in 2018 CMT Risk Study in January this year recognize IoT as an opportunity over the next three to five years.