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Role of Governments in Promoting the Industrial Internet of Things (IIoT) in Asia-Pacific

  • ID: 4335306
  • Report
  • July 2017
  • Region: Asia Pacific
  • 90 Pages
  • Frost & Sullivan
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Harnessing IIoT to Create Sustainable Manufacturing Growth

The pervasiveness of digital technologies has reached a state of ubiquity in consumer products. Digitisation is gradually penetrating the manufacturing sector in order to produce cheaper and better consumer products. At times of uncertain and volatile economic conditions, manufacturers are seeking competitive advantages by modernising and upgrading their production methods

Industrialised nations such as Germany have paved the way forward in digitising their manufacturing capabilities through Industrie 4.0 or in broader terms, the Industrial Internet of Things (IIoT). This manufacturing transformation is rapidly catching on in Asia-Pacific with Japan, South Korea, and Singapore leading the way. Governments in APAC are looking to IIoT as a viable way to create sustainable manufacturing growth and affirm their role in the global supply chain. However, not all countries in APAC are ready for IIoT.

This study investigates the role of governments in promoting IIoT in APAC through initiatives, action plans, and funding schemes. As the manufacturing economies in APAC gradually embrace the fourth industrial revolution, bridging the gaps in infrastructure capacity is a prominent factor. Profiles of 8 export-intensive economies in APAC and their “IIoT-readiness” ranking are provided. The latter is a Frost & Sullivan methodology that utilises key economic indicators to objectively rank the Top 8 IIoT-ready countries in APAC.

Specifically, this report addresses the following points:

  • How are governments supporting Industrial Internet of Things initiatives?
  • Which government agencies are contributing towards the development and deployment of the Industrial Internet of Things?
  • How much funding is available to manufacturers seeking assistance from public institutions?
  • Which countries in Asia-Pacific are ready to implement Industrial Internet of Things solutions?
  • What are the necessary foundations for the implementation of Industrial Internet of Things solutions?
  • How will the Industrial Internet of Things affect the workforce and what are the government’s responses to this?

The outcome of this research pinpoints these strategic imperatives for growth:

  • IIoT adoption may lead to implementation of Smart Cities initiatives
  • Solution providers should position themselves to address this opportunity
  • Spending on IIoT solutions in emerging economies is likely to come from government agencies instead of the private sector
  • Marketing and business development campaigns should be appropriately aligned. IIoT solutions need to be tailored
  • Governments need to wholeheartedly follow through on their industrial digitisation plans, otherwise any prior investments will be futile
  • Whilst the fourth industrial revolution is beginning to take shape, government agencies should keep abreast with innovative developments and prepare for the next paradigm shift
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1. Executive Summary

  • Key Findings
  • CEO’s Perspective

2. Market Overview

  • Market Definitions
  • Key Questions this Study will Answer

3. South Korea-Innovation in Manufacturing 3.0

  • Industry Overview
  • Action Plans-Innovation in Manufacturing 3.0
  • Funding Schemes
  • Flagship Projects

4. Japan-Industrial Value Chain Initiative

  • Industry Overview
  • Action Plans-Industrial Value Chain Initiative
  • Action Plans-Key Concepts of the IVI
  • Action Plans-Industrial Tourism
  • Funding Schemes-Investments
  • Funding Schemes-Subsidies
  • Flagship Projects

5. China-Made in China 2025

  • Industry Overview
  • Action Pans-“Internet +” and “Made in China 2025”
  • Funding Schemes
  • Flagship Projects
  • Government Agencies Associated with Promoting IIoT

6. Taiwan-Productivity 4.0

  • Industry Overview
  • Action Plan-Productivity 4.0
  • Funding Schemes
  • Flagship Projects
  • Government Agencies Associated with Promoting IIoT

7. Singapore-Smart Nation

  • Industry Overview
  • Action Plan-Smart Nation
  • Action Plan-Smart Nation
  • Funding Schemes
  • Flagship Projects

8. Rest of APAC-Australia, Malaysia, and Thailand

  • Australia-Industry 4.0 Taskforce
  • Malaysia-IoT Malaysia
  • Thailand-Thailand 4.0

9. IIoT Readiness Score-Country Rankings

  • IIoT Readiness Score
  • IIoT Readiness Score-Factors
  • IIoT Readiness Score-Country Ranking in 2017
  • IIoT Readiness Score-Analysis
  • Conclusions

10. Growth Opportunities and Companies to Action

  • Growth Opportunity-Industrial Internet of Things
  • Strategic Imperatives for Success and Growth

11. The Last Word

  • The Last Word-3 Big Predictions
  • Legal Disclaimer
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