Driving integration into key edge devices for digital transformation with modules 25% smaller than conventional models and the release of an add-on board for Sony Semiconductor Solutions’ SPRESENSE.
Opportunities emerge as Asia Pacific IoT market gets set to top $437B arnnet.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arnnet.com.au Daily Mail and Mail on Sunday newspapers.
Increasing government focus on smart cities and Industry 4.0 initiatives is driving demand for digital IoT solutions in the Asia-Pacific region, such as eGovernment, public transportation, smart traffic management systems, and smart power grids.
Smart Cities to Fuel Growth of Asia-Pacific s Internet of Things Market by 2026, Finds Frost & Sullivan
SANTA CLARA, Calif., April 22, 2021 /PRNewswire/ Frost & Sullivan s recent analysis finds that
Asia-Pacific s Internet of Things (IoT) market is rapidly being transformed by Mega Trends, including the integration of edge-computing networks into IoT systems and new narrow-band (NB) IoT deployments. Driven by growing investments in 4G/LTE and 5G, reduced IoT sensor costs, and government support, the buoyant APAC IoT market is expected to reach $436.77 billion in revenue by 2026 from $96.92 billion in 2020, growing at a compound annual growth rate (CAGR) of 28.52%.
China leads IoT spending, accounting for over half of the APAC market, followed by Japan and Australia. Government spending on smart cities accounts for almost one-third of the region s combined spending, followed by transportation and logistics, then manufacturing. However, the COVID-19 pandemic has negatively impac