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TAIPEI, , Nov. 30, 2017 /PRNewswire/ -- On November 29, TUV Rheinland published "2017 Taiwan IoT Technology White Paper", to share a comprehensive introduction on IoT.
Research found that the number of IoT devices soars rapidly across the globe. It is estimated that the number will increase to 204 million in 2020, 3.2 times higher than that of 2015, and over 60% will be used in the consumer market. The scale of the global IoT market will expand from NT$97.6 billion to NT$362 billion in 2020, with a compound annual growth rate (CGAR) of 30%. The scale of Taiwan's IoT market will increase from NT$3.7 billion in 2015 to NT$14 billion in 2020, with CGAR (Compound Annual Growth Rate) at 30.5%, a little higher than that of the global market.
Although the term IoT emerged nearly 20 years ago, it was not until recently that the concept of IoT has gradually put into industrial practice. Wireless and communication products shall pass the related certifications of product safety and communication standards in different countries and regions before they are launched. Due to the rich experience and capacity in ICT hardware, IoT is a cross-sector development trend in future Taiwan. Currently, over 180 Taiwanese businesses are engaging in IoT development at the application layer, network layer, and perception layer; businesses at different levels are facing different challenges. To application layer providers, creating differentiated and localized innovative thinking is the main challenge. To network layer providers, how to build an open and interoperable platform to form a scale and thereby accelerate the development of Taiwan's IoT ecosystem against the globally versatile IoT standards is the main challenge. To perception layer suppliers, how to improve the core sensor technology and the competence for hardware and software integration is the main challenge of development.
After cultivating Taiwan for more than three decades, TUV Rheinland published "2017 Taiwan IoT Technology White Paper" on November 29. The white paper includes four main chapters: Global IoT Policy and Market Overview, IoT Development in Taiwan: Present and Future, Major IoT Technologies and Applications, and Regulatory Requirements for Certification of Different Communication Technologies. The main IoT application trends include smart home, smart energy, manufacture, construction, transportation, health management, and retail. Due to the multiplicity and complexity of communication technology standards, process diversity, and along with the national standards of different countries and regions, manufacturers often find it hard to make preparations before placing products in the market. With rich testing and certification experience for years, TUV Rheinland can analyze various technical standards and cope with market launch requirements for businesses.
In addition to a quick guide to understand IoT for businesses still considering or hesitating how to combine products with IoT development, the white paper includes a useful guide for businesses wishing to make digital transformation having troubles in selecting technical standards and applying for certification for their products among various communication technologies. Earlier actions enable faster grasp of the unlimited business opportunities in the global IoT trend.
Download now at https://go.tuv.com/TW-2017IOT-whitepaper
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