Why it matters: Market intelligence company IDC is once again forecasting the future of the technology industry. The PC market is poised to experience a record decline this year, but it will get much better in 2024.
In context: The latest market prophecy coming from IDC is focused on the Internet of Things, a category of products seemingly destined to expand beyond the $1 trillion value in just three years from now. But markets, as the COVID-19 pandemic blatantly shows, can drastically change in the most unexpected ways.