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Asia/Pacific (Excluding Japan) Internet of Things Connections and Traffic Model Update, 2023–2027

Publisher IDC
Published Jun 28, 2023
Length 12 Pages
SKU # IDC18029739

Description

Asia/Pacific (Excluding Japan) Internet of Things Connections and Traffic Model Update, 2023–2027


This IDC study reveals that the years 2022 and 2023 are expected to witness a rapid acceleration in the adoption of Internet of Things (IoT) technology adoption. This surge is primarily fueled by the implementation of smart operations use cases that offer significant return on investment (ROI). "The Asia/Pacific region, particularly China, is playing a pivotal role in driving IoT initiatives and projects, further contributing to the overall growth and advancement of IoT adoption," says Khairil Anwar Rahmat, senior research manager, IDC Asia/Pacific Telco and IoT. "Lately, there has been a growing preoccupation with technological advancements, such as connected cars, self-driving vehicles, Smart Cities, and interactive robots. To make these areas successful, China is investing a lot on 5G technology, which is the core for running these technologies successfully. Also, with the development of these use cases, the demand for IoT connections is surging."

Please Note: Extended description available upon request.

Table of Contents

12 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
IoT IP Traffic
Market Context
Drivers and Inhibitors
Drivers
Advancements in Artificial Intelligence and Edge Computing
Emergence of 5G RedCap Technology for IoT Applications
Industrial IoT as Part of Digital Transformation Initiatives
Inhibitors
Lack of Interoperability and Standardization
Lack of Data Management Strategies and Analytics Expertise
Significant Market Developments
Changes from Prior Forecast
Market Definition
IDC Asia/Pacific Connections Taxonomy
Access Technology Segmentation
Methodology
Related Research

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