(NOTE: This story was originally posted to CRN.com June 27.)

Spending For IoT Is On The Rise

A new report out of IDC has forecast that Internet of Things spending will grow 17 percent in 2017, signifying that customers around the world are ready to shell out money for IoT applications.

"The discussion about IoT has shifted away from the number of devices connected… The true value of IoT is being realized when the software and services come together to enable the capture, interpretation, and action on data produced by IoT endpoints," said Carrie MacGillivray, vice president of Internet of Things and Mobility at IDC, in a statement.

Here are five ways that the Internet of Things market is turning into a treasure trove for solution providers, based on IDC's new report.