Although South Korea spent a huge 26 billion U.S dollars on the Internet of things (IoT) in 2019, China led the Asia Pacific region in terms of IoT expenditure. The East Asian country spent over 168 billion U.S. dollars on IoT, firmly making China the biggest IoT spender.
What is IoT?
The Internet of things refers to computing devices, which enable data transferal without person-to-person contact. These devices can then be implanted into everyday objects, most commonly used in a ‘smart home’. In a smart home, items such as a thermostat, lighting, home security systems, and appliances can be controlled through a smartphone. This in theory, enables consumers to save energy and money, as lighting and appliances are able to be controlled remotely and thus, turned on and off.
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IDC. (July 15, 2019). Spending on Internet of Things (IoT) in selected countries of the Asia-Pacific region in 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/
IDC. "Spending on Internet of Things (IoT) in selected countries of the Asia-Pacific region in 2019 (in billion U.S. dollars)." Chart. July 15, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/
IDC. (2019). Spending on Internet of Things (IoT) in selected countries of the Asia-Pacific region in 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/
IDC. "Spending on Internet of Things (Iot) in Selected Countries of The Asia-pacific Region in 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jul 2019, https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/
IDC, Spending on Internet of Things (IoT) in selected countries of the Asia-Pacific region in 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/ (last visited July 22, 2024)
Spending on Internet of Things (IoT) in selected countries of the Asia-Pacific region in 2019 (in billion U.S. dollars) [Graph], IDC, July 15, 2019. [Online]. Available: https://www.statista.com/statistics/1037118/apac-internet-of-things-spending-by-country/