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Rising Digital Consumption in Asia-Pacific Fuels Mobile Services Market

/PRNewswire/ -- Frost & Sullivan's recent analysis reveals that the mobile services market in Asia-Pacific (APAC) is witnessing increased mobile applications...

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Rising Digital Consumption in Asia-Pacific Fuels Mobile Services Market

Rising Digital Consumption in Asia-Pacific Fuels Mobile Services Market
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Sofea-zukarnain , Zuzana-zukarnain , Global-corporate-communications , Frost-sullivan-leadership-council , Services-growth-opportunities , Frost-sullivan-information-communication-technology , Communication-technology-research-analyst , Pacific-mobile-services-growth-opportunities , Communication-technology , Sullivan-leadership-council , Mega-trends , உலகளாவிய-பெருநிறுவன-தகவல்தொடர்புகள்

Frost & Sullivan Reveals Top Business Priorities in Data Use and Management across the Globe

Frost & Sullivan Reveals Top Business Priorities in Data Use and Management across the Globe
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Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market by 2026, Finds Frost & Sullivan

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 impacted customers' transformation journeys across several industry verticals, resulting in delays in projects such as integrating innovative technologies, including artificial intelligence (AI), Blockchain, and cloud adoption.

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Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market

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.

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Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market by 2026, Finds Frost & Sullivan

Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market by 2026, Finds Frost & Sullivan
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Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market by 2026, Finds Frost & Sullivan

Smart Cities to Fuel Growth of Asia-Pacific's Internet of Things Market by 2026, Finds Frost & Sullivan
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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