The Asia Pacific Internet of Things (IoT) Market is expected to witness market growth of 18.5% CAGR during the forecast period (2021 2027).
Development in industrial-grade digital technology, rise in inclination towards cloud-based IoT software, and increase in requirement for improved supply chain & customer relationship management significantly contribute to the growth of the IoT market. IoT helps people live & work smartly, and even gain whole control over their lives in further addition to providing smart devices to automate homes that are developing into first preference needs of customers. In addition, IoT provides businesses with real-time visuals into how their system works, providing insights into each and everything from the performance of machines to supply chain and logistics operations. Furthermore, IoT permits companies to automate processes and lower labor costs. Besides, it reduces waste and provides better service delivery, making it cheaper to manufacture and deliver goods, and even offering clarity into customer transactions, which will prepare attractive opportunities for market growth.
The huge adoption rate of latest technologies has made this place an attractive market for Industries in IT. Japan has in advance announced the fulfillment of the majority of its assignments of Smart City, whereas the rest of the nations in the region are to date in the beginning development phase. China has been the largest market in the region in enhancing the Internet of Things in smart cities. In India, over 5000 smart cities projects with a high value of investment.
Additionally, the nations in the region are making strong first moves to uplift their IT infrastructures, permitting commercial users to accept progressive technologies. Some countries are highly advanced when it comes to technologies, whereas few to date display resistance in accepting the recent technologies. Some widely spread initiatives by the government in the region target bettering the quality of the services. As the globe's highly advanced region for urbanization, this region is a house for many developing members that are living radical urbanization.
The China market dominated the Asia Pacific Internet of Things (IoT) Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $68,054.3 million by 2027. The Japan market is poised to grow at a CAGR of 17.7% during (2021 - 2027). Additionally, The India market is expected to experience a CAGR of 19.2% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Technology, the market is segmented into Network Communications, Radiofrequency Identification, Near-field Communication, Data Processing, and Others. Based on Platform, the market is segmented into Network Management, Device Management, and Application Management. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Manufacturing, Retail, E-commerce, & Consumer Electronics, Telecom & IT, Transportation & Logistics, and Healthcare & Life Sciences. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Cisco Systems, Inc., Intel Corporation, and Qualcomm, Inc.
Development in industrial-grade digital technology, rise in inclination towards cloud-based IoT software, and increase in requirement for improved supply chain & customer relationship management significantly contribute to the growth of the IoT market. IoT helps people live & work smartly, and even gain whole control over their lives in further addition to providing smart devices to automate homes that are developing into first preference needs of customers. In addition, IoT provides businesses with real-time visuals into how their system works, providing insights into each and everything from the performance of machines to supply chain and logistics operations. Furthermore, IoT permits companies to automate processes and lower labor costs. Besides, it reduces waste and provides better service delivery, making it cheaper to manufacture and deliver goods, and even offering clarity into customer transactions, which will prepare attractive opportunities for market growth.
The huge adoption rate of latest technologies has made this place an attractive market for Industries in IT. Japan has in advance announced the fulfillment of the majority of its assignments of Smart City, whereas the rest of the nations in the region are to date in the beginning development phase. China has been the largest market in the region in enhancing the Internet of Things in smart cities. In India, over 5000 smart cities projects with a high value of investment.
Additionally, the nations in the region are making strong first moves to uplift their IT infrastructures, permitting commercial users to accept progressive technologies. Some countries are highly advanced when it comes to technologies, whereas few to date display resistance in accepting the recent technologies. Some widely spread initiatives by the government in the region target bettering the quality of the services. As the globe's highly advanced region for urbanization, this region is a house for many developing members that are living radical urbanization.
The China market dominated the Asia Pacific Internet of Things (IoT) Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $68,054.3 million by 2027. The Japan market is poised to grow at a CAGR of 17.7% during (2021 - 2027). Additionally, The India market is expected to experience a CAGR of 19.2% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Technology, the market is segmented into Network Communications, Radiofrequency Identification, Near-field Communication, Data Processing, and Others. Based on Platform, the market is segmented into Network Management, Device Management, and Application Management. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Manufacturing, Retail, E-commerce, & Consumer Electronics, Telecom & IT, Transportation & Logistics, and Healthcare & Life Sciences. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Google LLC, Amazon Web Services, Inc. (Amazon.com, Inc.), Cisco Systems, Inc., Intel Corporation, and Qualcomm, Inc.
Scope of the Study
Market Segments Covered in the Report:
By
Component
- Solution
- Services
By
Technology
- Network Communications
- Radiofrequency Identification
- Near-field Communication
- Data Processing
- Others
By Deployment Mode
- On-premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- Manufacturing
- Retail, E-commerce, & Consumer Electronics
- Telecom & IT
- Transportation & Logistics
- Healthcare & Life Sciences
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- Intel Corporation
- Qualcomm, Inc.
Unique Offerings from the publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Internet of Things (IoT) Market by Component
Chapter 5. Asia Pacific Internet of Things (IoT) Market by Technology
Chapter 6. Asia Pacific Internet of Things (IoT) Market by Platform
Chapter 7. Asia Pacific Internet of Things (IoT) Market by Deployment Mode
Chapter 8. Asia Pacific Internet of Things (IoT) Market by Organization Size
Chapter 9. Asia Pacific Internet of Things (IoT) Market by Vertical
Chapter 10. Asia Pacific Internet of Things (IoT) Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Siemens AG
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- Google LLC
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Cisco Systems, Inc.
- Intel Corporation
- Qualcomm, Inc.
Methodology
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