Get ready for IoT disruptions across sectors

By 2017, the IoT market will be one of the fastest growing segments in the Asia Pacific technology industry, reports Frost & Sullivan. So which industries will be impacted first?

by Divina Paredes (CIO New Zealand), Jul. 29, 2015 – 

Cloud computing, big data, mobility and low cost sensors are driving the Internet of Things (IoT).

IoT, meanwhile, is forcing disruption, transformation and innovation across connectivity and convergence of people and industries, notes Audrey William, head of research, ICT Practice, Australia & New Zealand, at Frost & Sullivan.

The IoT spending is defined as revenue from hardware, software and professional services that are directly attributable to the IoT solutions and services. By 2017, the IoT market will be one of the fastest growing segments in the Asia Pacific technology industry.

The total APAC spending on IoT spending is forecasted to be US$59 billion by 2020. Japan, Singapore, China, Australia and South Korea have been early IoT adopters, but India, Malaysia, Thailand and Indonesia are expected to be amongst the fastest growing markets to 2017.

William says the cloud is allowing access to content on any device in any location, while big data enables value to be extracted out of exponential increase in data.

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