IDC: Retailers in Middle East and Africa boost IoT spending

It is still early days for the Internet of Things (IoT) in the Middle East and Africa (MEA), but IDC noted that the retail sector is already showing strong signs of adoption. According to a recent IDC study of Saudi Arabia, South Africa, Turkey and the UAE, spending on IoT solutions among retailers will grow by an average of around 19 per cent annually for the foreseeable future, representing nearly $1.6 billion (€1.39 billion) in spending from 2014 through 2018. While this growth is a little slower than for IoT across all industries in MEA, it is in line with global trends, where IoT spending in retail and overall is increasing by an average of around 19 per cent per year. IDC said. Report

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