Transformational Growth for the Automotive, Utilities, Logistics, Building, and Industrial Verticals across the Region
The Asia-Pacific (APAC) Internet of Things (IoT) market is expected to grow at a compound annual growth rate (CAGR) of 22.5% between 2019 and 2026 to reach a market size of $436.80 billion by the end of this forecast period. However, many enterprises remain unclear about the benefits and the maturity of IoT solutions available on the market. This report identifies the key use cases that have gained traction in 2020 based on in-depth discussions with industry participants. In doing so, this report aims to enable enterprises to avoid risky bets by having a clear understanding of solutions that have been market tested and have achieved acceptance.
This study identifies maturing use cases in key verticals including automotive, utilities, transport and logistics, home and buildings, and industrial control systems for the year 2020. Additionally, the report identifies 5 key growth opportunities for vendors in each of these verticals; 3 of which are adoption of full life-cycle solutions for automotive, smart grid solutions for utilities, and location-based services for transport and logistics.