Asia/Pacific (Excluding Japan) Internet of Things Spending 2H19 Forecast Update, 2020-2024
IoT in the Asia/Pacific (excluding Japan) markets continues to grow steadily as government, municipalities, and enterprises take advantage of extensive fiber and 4G LTE coverage and the anticipated 5G deployments in the region to execute IoT strategies that enhance productivity and efficiency, build Smart City infrastructure, and capitalize on cloud-native digital infrastructure, says Bill Rojas, adjunct research director, IDC Asia/Pacific. "The current COVID-19 pandemic has slowed the growth of IoT spending in 2020 while at the same time shining the spotlight on the critical and strategic importance of IoT in healthcare and telemedicine, smart city security, transportation, disaster management, online retail, food delivery, and smart home services and is setting the stage for accelerated evolution in the future of work, the future of industries, and the future of connectivity," he adds.
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