Market Research Logo

Asia-Pacific Internet of Things Market, 2018

Asia-Pacific Internet of Things Market, 2018

The APAC Internet of Things (IoT) market is expected to grow at a compounded annual growth rate of 11.3% between 2017 and 2022 to reach a market size of $95.7 billion by the end of the forecast period. The study has sized the spending across the entire IoT value chain comprising chips, modules and sensing, connectivity, enablement platform, system integration and applications. While the hardware and connectivity components are becoming increasingly commoditised and mature, industry players are seeking growth opportunities in system integration, application enablement platform and application services. While technology companies generally do not bring domain knowledge, they have been acquiring capabilities in vertical areas to provide vertical-specific solutions. Although acquisitions provide the greatest degree of control, it brings substantial risk and hence collaborations in the form of partnerships are the most common form of arrangement to gain expertise within a short period. Government agencies in the APAC region are accelerating the deployment of large-scale IoT adoption via investments channelled towards IoT infrastructure, platforms and a number of initiatives including standardisation. In the private sector, the transport, logistics and manufacturing sectors are key drivers of IoT spending. Standalone Internet-connected devices using cloud-based software via subscription models are increasingly popular to track and trace critical assets from a remote location. While the level of interest is high among the consumer and enterprise sectors, there is a general lack of willingness to spend on revamping the back-end infrastructure. To achieve higher ROI, SMEs are waiting for the technology to mature before they can start to implement it. While all industries have been investing in IoT, certain industries are critical in driving adoption – in particular, sectors in transport and logistics, public safety and power and utilities. While the use of technology is not a new phenomenon, the growth in adoption trend is driven by the increase in computing power over the last 10 years. With cloud computing becoming more powerful, enterprises are able to capture a lot more data than before to get insights that were not possible in the past. However, decision makers today still prefer to make decisions based on their past experience instead of using data. There is a fear that technology will render their skills and experience obsolete. Nevertheless, more and more decision makers are coming to terms that leveraging on the exponential increase in data is the way forward for enterprises to gain a competitive edge.


  • Executive Summary
  • Market Overview
    • Scope of the Study
    • Key Questions This Study Will Answer
    • Definition of IoT
    • Segmentation of IoT Applications by Vertical Areas
    • Enablers of IoT that Bring about Digital Transformation
    • Types of Players in the IoT Ecosystem
    • Types of Players Across the IoT Value Chain
  • Drivers and Restraints
    • Market Drivers
    • Market Restraints
  • IoT Market Landscape in APAC
    • IoT Market Spending in APAC
      • Table Total Internet of Things Market: Spending Forecast, Asia-Pacific, 2016-2022
    • Total IoT Market—2016 Percent Spending by Country
    • Total IoT Market—2019 Percent Spending by Country
    • Total IoT Market—2022 Percent Spending by Country
    • APAC IoT Market Forecast Discussion
    • Understanding the IoT Market in APAC
    • IoT Spending by Countries in Asia-Pacific
    • Key IoT Focus Across Various APAC Countries
  • APAC Breakdown and Analysis
    • State of IoT in Singapore
      • Table Internet of Things Market: IoT Spending, Singapore, 2016-2022
    • State of IoT in Thailand
      • Table Internet of Things Market: IoT Spending, Thailand, 2016-2022
    • State of IoT in Philippines
      • Table Internet of Things Market: IoT Spending, Philippines, 2016-2022
    • State of IoT in Vietnam
      • Table Internet of Things Market: IoT Spending, Vietnam, 2016-2022
    • State of IoT in Indonesia
      • Table Internet of Things Market: IoT Spending, Indonesia, 2016-2022
    • State of IoT in Malaysia
      • Table Internet of Things Market: IoT Spending, Malaysia, 2016-2022
    • State of IoT in India
      • Table Internet of Things Market: IoT Spending, India, 2016-2022
    • State of IoT in China
      • Table Internet of Things Market: IoT Spending, China, 2016-2022
    • State of IoT in Japan
      • Table Internet of Things Market: IoT Spending, Japan, 2016-2022
    • State of IoT in ANZ
      • Table Internet of Things Market: IoT Spending, ANZ, 2016-2022
    • State of IoT in South Korea
      • Table Internet of Things Market: IoT Spending, South Korea, 2016-2022
    • State of IoT in Taiwan
      • Table Internet of Things Market: IoT Spending, Taiwan, 2016-2022
  • Vertical Analysis
    • Total IoT Market—2016 Percent Spending by Industry
    • Total IoT Market—2019 Percent Spending by Industry
    • Total IoT Market—2022 Percent Spending by Industry
    • Vertical Analysis Discussion
    • IoT-enabled Hardware, Software and Services Spending
      • Table Total Internet of Things Market: IoT-enabled Hardware, Software and Services Spending Forecast, Asia-Pacific, 2016-2022
      • Table Total Internet of Things Market: IoT-enabled Hardware, Software and Services Percent Spending Forecast, Asia-Pacific, 2016- 2022
    • IoT Hardware, Software and Services Breakdown Discussion
  • Retail Sector
    • Definition of the Application Areas in Retail
    • Retail Use Cases and Evolution of IoT Applications
  • Public Safety Sector
    • Definition of the Application Areas in Public Safety
    • Public Safety Use Cases and Evolution of IoT Applications
  • Transport and Logistics Sector
    • Definition of the Application Areas in T&L
    • T&L Use Cases and Evolution of IoT Applications
  • Healthcare Sector
    • Definition of the Application Areas in Healthcare
    • Healthcare Use Cases and Evolution of IoT Applications
  • Consumer Sector
    • Definition of the Application Areas in Consumers
    • Consumer Use Cases and Evolution of IoT Applications
  • Power and Utilities Sector
    • Definition of the Application Areas in Power and Utilities
    • Power and Utilities Use Cases and Evolution of IoT Applications
  • Manufacturing Sector
    • Definition of the Application Areas in Manufacturing
    • Manufacturing Use Cases and Evolution of IoT Applications
  • Smart Building Sector
    • Definition of the Application Areas in Smart Buildings
    • Smart Building Use Cases and Evolution of IoT Applications
  • Innovative IoT Use Cases in APAC
    • Drvr—An Overview
    • Drvr—Solution Offering
    • LTA—Adopting a Three-Layer Stack
    • LTA—Open Data Provided to Bring about Innovation
    • Woolworth—Click and Self-Collect Model
    • Woolworth—An Omni-Channel Approach with IoT
    • Coca Cola Freestyle—Connects Drinks for Countless Array of Flavours
    • Coca Cola Freestyle—Connected Beverage Machines Drive Consumption Volume for an Existing Product
    • L'Oréal—Redefines Skin Care with Wearables
    • L'Oréal—Personalising Wellness with Wearables Rather than Simply being a Skin Care Company
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1—IoT Enables Retailers to Draw Customers Back to the Physical Store
    • Growth Opportunity 2—Telematics Enables Fleet Operators to Change their Operating Model
    • Growth Opportunity 3—Predictive Maintenance Reduces Unexpected Equipment Failure for Manufacturing Companies
    • Strategic Imperatives for Success and Growth
  • Conclusion
    • Conclusion and Summary

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report