Australia - Internet of Things (IoT) Market
With the move towards 5G well and truly underway it is important to look at what will be the value of IoT infrastructure to the development of a network that will be dominated by sensors and devices.
The infrastructure that is now being built offers a range of features such as ubiquitousness, affordability, low latency, high speed and high capacity. It will link millions of devices, such as sensors, that will enable us to manage our environment, traffic, infrastructures, and our society as a whole much more efficiently and effectively.
The Internet of Things' (referring more to personal devices such as wearables and smartphones) and M2M (referring to a more industrial use based on sensors) are starting to become real game-changers. They will transform every single sector of society and the economy and it will be out of this environment that new businesses and indeed new industries will be born. 5G will take a leadership role in the development of M2M but the NBN is also a key infrastructure element as more and applications will require high quality video. These developments are closely linked to big data, data analytics, cloud computing and data centres and these elements all play a fundamental role in the success of this new infrastructure.
The value of the IoT industry in Australia incorporates hardware, sensors, backbone capacity, network capability and apps and solution services.
Other high growth sectors to 2025, are likely to include smart home technologies, airport facilities automation, electric vehicle charging and in-store contextual marketing.
The home market will be a new battleground for telecommunications companies, retailers, energy suppliers, insurance companies and category specialists.
Companies covered in this report:
Optus, Telstra, IBM, Vodafone, CSIRO, Jasper, Bechtel, UniSA, Cobra, ARTC, Sydney Water, Sense-T.
The Australian IoT industry reached nearly $20 billion by 2020.
The driven by rising demand for smart devices, increasing demand for analytics, cloud platform adoption and growth of wireless networking technologies.
Internet of Things, IoT, M2M, sensors network, smart grids, smart factories, NBN, smart cities, business opportunities, sector transformation.
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