May 2018 - Market Forecast - Doc # AP42888318
In this study, we investigate the growth and drivers for internet of things (IoT) IP connections and installed units in four key Asia Pacific markets (Australia, New Zealand, People's Republic of China [PRC], and Singapore). Each market has different demographics in terms of natural resources, role of manufacturing and resource industries, geography, technology preparedness, economic environment, and population density. Each of the four markets studied has broadband household penetration ranging from 60% to 92% while experiencing digital transformation and IoT growth. For more details, on country IoT readiness, see Asia/Pacific (Excluding Japan) Nations and Internet of Things: A Comparative Assessment (IDC #AP42883317, July 2017).
"IoT in the four Asia/Pacific (excluding Japan) (APEJ) markets studied continues to grow steadily as government, municipalities, and enterprises take advantage of extensive fiber and 4G Long-Term Evolution (LTE) coverage to execute IoT strategies that enhance productivity and efficiency, build Smart City infrastructure, and capitalize on new technologies, such as software-defined networking, LTE NB-IoT and LTE CAT M1, next-generation industrial automation," says Bill Rojas, adjunct research director, IDC Asia/Pacific. "We are still in the early stages of IoT adoption and ecosystem development in APEJ, with industrial IoT, agriculture and resources, telematics, smart grids, smart buildings, smart homes, and consumer wearables leading the way in terms of adoption and use case investment," he adds.