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Fed IoT Spending Hit $9 Billion Last Year
- Information Week, Friday, August 5, 2016 9:05 AM
Federal government spending on Internet of Things (IoT) technology soared 20% year-over-year to $8.8 billion last year, but where the IoT money got spent varied widely. Within the IoT framework that identifies major drivers of federal IoT spending in infrastructure, software and security, it turns out that sensors and data collectors are by far the fastest growing segment, with a whopping 55.9% increase to $1.57 billion, in spending last year, according to research firm Govini, which provided InformationWeek with a breakout of its data.
