Smart cities and Agri-IoT offerings to accelerate growth opportunities for solution providers
SINGAPORE, Jan. 30, 2020 /PRNewswire/ -- Communication Service Providers (CSPs) and vendors in the Asia-Pacific Internet of Things (IoT) market are expanding their solution portfolios to monetize the IoT opportunity by developing data management platforms and integrating advanced analytics capabilities.
"Smart city programs are expected to drive most of the IoT spending in the region, with the transport and logistics as well as the manufacturing segments generating strong demand," said Nishchal Khorana, Director, ICT Practice.
"Focus on developing industry specific solutions, along with cross-domain partnerships to build an ecosystem of value, will be critical success factors. Market participants will also have to earn consumer trust in IoT systems, from privacy to cybersecurity and ethics, in order to reduce political and regulatory risks," he added.
Frost & Sullivan's recent analysis, 2019 APAC Internet of Things Market, analyzes IoT spending across APAC countries. It identifies the fastest growing market spenders and spending across various industry sectors. It covers the regions of Greater China, the Association of Southeast Asian Nations (ASEAN), Australia-New Zealand (ANZ), Japan, and South Korea.
For further information on this analysis, please visit: http://frost.ly/3z5
"Most of the spending in the IoT market will be driven by the Chinese market," noted Nishchal Khorana.
To tap greater growth opportunities, IoT solution providers will aim to:
2019 APAC Internet of Things Market is part of Frost & Sullivan's global Connected Industries Growth Partnership Service program.
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2019 APAC Internet of Things Market
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