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IDC experts have forecasted that security investment in the region could potentially reach to $28.2 billion by 2022.
A comprehensive report compiled by expert researchers from IBM Security has once again highlighted just how vulnerable smart cities are to being hacked.
Significant investment from the CTA (Consumer Technology Association) and financial company Deloitte - has helped highlight the opportunities presented by the emerging sector in smart cities technology and solutions at this year’s CES 2018. The Consumer Technology Association has estimated that spending in the smart city sector will reach $34.35 billion by 2020.
As the Middle East accelerates its digital transformation and Smart Cities growth, regional data center spend will reach a record-high of USD 5 billion by 2020, industry experts announced today ahead of GITEX Technology Week.
Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 6.2 percent from 2017, according to the latest forecast by Gartner, Inc.
A comprehensive new report which was compiled by Juniper Research has projected that spending on Internet of Things cybersecurity solutions is set to rise by an incredible 300% in the next five years. The global research firm has estimated that investment in Internet of Things cybersecurity solutions will reach $6bn globally by 2023.
A new study compiled by the International Data Corporation (IDC) has projected that global IoT spending will surpass $1.2 trillion by 2022. The comprehensive study indicates that the market will experience a compound annual growth rate (CAGR) of 13.6% over the 2017-2022 forecast period on its way to hitting the eye-watering figure of $1.2 trillion.
A comprehensive report conducted by the IDC has projected that smart city expenditure is set to reach $28.3bn in 2018. The report analyzed the estimated spending on technologies that is set to be integrated in order to facilitate smart city programs in the Asia Pacific.
A new report by the International Data Corporation (IDC) indicates that investments in smart city initiatives will amount to more than $81bn globally in 2018, with Singapore, Tokyo, New York City, London and Shanghai as main investors.