Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Internet of Things (IoT) in selected Nordic countries - statistics & facts
The Internet of Things (IoT) refers to a network of smart objects devices working together in collecting and analyzing data. and was first discussed as early as 1980s with a modified Coca-Cola vending machine. In recent years The IoT concept was first brought up as early as the 1980s with a modified Coca-Cola vending machine, and has been spreading globally in recent years, generating larger and larger revenues. The Asia Pacific region accounted for the largest share of global IoT spending in 2018 and is was expected to keep its leading position in 2023. Europe came in third in the ranking and was forecast to hold one fourth of the spending in 2023.
