APAC is set to overtake the rest of the world in IoT adoption – according to an Asian IoT Megatrends report from the global research firm, OMDIA, and global connectivity provider Telenor IoT.
APAC Digital Transformation of enterprises has been slower than the rest of the world. However, with investments on the rise, APAC is expected to soon accelerate fast, pushing the adoption of IoT into unprecedented growth and giving IoT scale like never before.
OMDIA found that 20% of enterprises in APAC anticipate their IoT deployments to reach beyond 500,000 devices that can be connected wirelessly to a network and used to transmit information within the next 12 months. In addition, emerging IoT adoption in the region, particularly from India, Pakistan, Bangladesh, Indonesia and Thailand, is expected to push the 14.5 billion IoT devices in circulation today to a forecasted 38.9 billion IoT devices by 2030.
“Clearly, digitalization and sustainability are moving to the core of company’s future strategies. IoT and digitalization are no longer an option for enterprises in the region, but a necessity – as technology hardware, connectivity and software takes center stage in the digital future,” said Seth Ryding, Chief Sales Officer (CSO) and Head of Telenor IoT Asia.
“As no other region is poised for IoT growth on the scale of APAC, the mega-trends set out in this report can be used as a valuable guide for enterprises looking to be successful in an increasingly connected future.”
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