PLATFORMS

Frost & Sullivan Predicts that Smart Cities will Drive Growth in the Asia-Pacific Internet of Things market by 2026

Frost & Sullivan | April 23, 2021

According to a recent Frost & Sullivan report, the Asia-Pacific Internet of Things (IoT) industry is being increasingly transformed by Mega Trends such as the integration of edge computing networks into IoT platforms and modern narrow-band (NB) IoT deployments. The buoyant APAC IoT market is expected to hit $436.77 billion in sales by 2026, up from $96.92 billion in 2020, at a compound annual growth rate (CAGR) of 28.52%, driven by increasing investments in 4G/LTE and 5G, lesser IoT sensor costs, and government funding.

China is the world leader in IoT investment, accounting for more than half of the APAC market, led by Japan and Australia. Government spending on smart cities accounts for about one-third of total spending in the region, followed by transportation and logistics and then manufacturing. The COVID-19 pandemic, on the other hand, has hampered customers' transformation journeys through many business verticals, causing delays in initiatives such as incorporating emerging technology such as artificial intelligence (AI), Blockchain, and cloud adoption.

Capitalize on the region's attractive IoT market by betting on the following growth opportunities:
  • Telecom Companies can Monetize IoT Deployments  Further: Vendors can expand their service portfolios to include other service management capabilities such as access management, data security, and data routing.
  • Multi-cloud is the Future of IoT: Cloud services can provide shared platforms that enable users to exchange expertise on a single platform. Vendors can go beyond providing cloud computation resources to deliver additional value-added offerings, such as automation capabilities that boost computation capacity.
  • Manufacturing and Smart City Initiatives: Vendors must have integrated IoT solutions while still developing horizontal capabilities. Emerging application areas of manufacturing include predictive maintenance, remote monitoring, and related operational intelligence. Smart lighting, monitoring and surveillance, and waste management are also essential components of smart cities.

Massive Trends in the  Asia-Pacific Internet-of-Things Market is the most recent addition to Frost & Sullivan's Information and Communication Technology research and analyses, which are available through the Frost & Sullivan Leadership Council and assist companies in identifying a constant flow of development prospects to flourish in an uncertain future.

About Frost & Sullivan
Frost & Sullivan has been world-renowned for its role in assisting analysts, corporate executives, and policymakers in managing economic changes and identifying emerging innovations, Mega Trends, innovative business models, and businesses to action, resulting in a steady flow of growth opportunities to fuel potential prosperity for over six decades.

Spotlight

"Our world is changing fast. People are sharing cars, generating their own energy for their homes, and finding ways to make machines communicate with each other. Key areas of our personal and professional lives are becoming increasingly interconnected. And that makes things easier – both at home and at work. "

Spotlight

"Our world is changing fast. People are sharing cars, generating their own energy for their homes, and finding ways to make machines communicate with each other. Key areas of our personal and professional lives are becoming increasingly interconnected. And that makes things easier – both at home and at work. "

Related News

ENTERPRISE IOT

Omdia Mentions Innominds as one of the Key IoT Solutions and Services Vendors in its Latest Report: IoT Consultancy – 2021 Analysis

Innominds | August 27, 2021

Innominds has been named as a ‘Key Market Player’ in the IoT solutions and services vendors list by Omdia in its latest report: IoT Consultancy – 2021 Analysis. The research report analyzes the scope of consulting services in the IoT and Connected Devices market. It evaluates major market trends, competitive dynamics, and market participants, as well as providing five-year predictions by region and application. According to the report, the overall IoT consultancy market is expected to grow at a CAGR of 16.1%, from $22.3 bn (2019) to $63.4 bn (2026) in total global revenue. While the implementation service segment is predicted to grow from $8.1 bn (2019) to $22.1 bn in total revenue in 2026. “Over the next several years, the enterprise IoT platform market is predicted to grow rapidly in terms of revenue and data created. Innominds is very uniquely placed and works as a design house with OEMs, IoT solution providers, and security operations center providers in the IoT project space, assisting them in the launch of new or custom IoT products and solutions by developing real-time operating systems.,” says Sam Lucero - Chief Analyst, IoT Services & Technologies, Omdia. Innominds focuses on complex solution development at the intersection of embedded hardware design, application logic development, and big data analytics. IoT is one of three core practice areas for the company; within IoT, Innominds focuses on industrial, automotive, medical, and consumer applications. The company's 'Connected Devices and IoT' practice that employs more than 200 engineers and architects, has been supporting IoT customers for more than 12 years and shipped over 100 million IoT devices (representing over 100 brands) using Innominds services to date. “Innominds has a very strong design house reputation and can build a device from the ground up, giving it a distinct advantage in IoT-related projects. It is a certified design center that creates production-ready systems and has extensive knowledge of wireless, 5G, and IoT technologies. The company primarily works with independent software vendors (ISVs) and original equipment manufacturers (OEMs), but it is gradually branching out into enterprise over the past few years. Our strategic collaborations with leaders in the IoT, 5G, and Cloud ecosystems, supported by a deeper DNA in designing devices, apps, and analytics, are enabling us to power these major businesses' “Digital Next initiatives” across industries,” says Sairam Vedam, CMO, Innominds. Innominds works with all three types of customers—ISVs, early-stage software providers, and ODMs/OEMs, as well as enterprise adopters. Innominds has a portfolio of platforms and accelerators that productize the company’s IP speed development of individual engagements. These include iFusion™ (data, AI, and analytics engineering); iSymphony™ (product engineering); iHarmony™ (quality engineering); and iTrill™ (hardware engineering). About Innominds Innominds is an AI-first, platform-led digital transformation and full-cycle product engineering services company headquartered in San Jose, CA. Innominds powers the Digital Next initiatives of global enterprises, software product companies, OEMs, and ODMs with integrated expertise in devices & embedded engineering, software apps & product engineering, analytics & data engineering, quality engineering, and cloud & DevOps, security. It works with ISVs to build next-generation products, SaaSify, transform total experience, and add cognitive analytics to applications.

Read More

Quantum Integration Develops IoT Platform Which Provides Electronic Enthusiasts With Hardware and Software Solution

Quantum Integration | October 21, 2020

Quantum Integration has developed an Internet of Things (IoT) platform that provides electronic enthusiasts with a complete hardware and software solution. Unlike projects built with Raspberry Pi or Arduino where users must have a programming background, with Quantum's platform no coding is required, making the creation of complex wireless applications faster and easier. Building projects with Arduino or Raspberry Pi requires a level of expertise that can be out of reach for many enthusiasts, especially when trying to communicate with multiple wireless sensors, actuators and displays. In just a few minutes, users can connect almost any sensor, motor or other circuit to the Builder Base GPIO ports or industry standard I2C pins. Customized firmware is then uploaded via the Q-Server firmware generation feature - which simply involves specifying the attached hardware from an easy-to-use, web-based interface on the Q-Server.

Read More

INDUSTRIAL IOT

Sequans Introduces Calliope 2: LTE Cat 1 Technology for IoT Applications Requiring Higher Than LTE-M Speed

Sequans | January 07, 2021

Sequans Communications S.A. today declared that its second-age LTE Cat 1 chip stage, Calliope 2, will before long be inspecting. Calliope 2 is intended for the financially savvy backing of IoT applications that require VoLTE and an information rate higher than 100 kilobits for each subsequent that can't be upheld by LTE-M or NB-IoT advances. Average Calliope 2 applications incorporate wearables and hearables with music streaming and voice backing, and shrewd city/brilliant home IoT gadgets, for example, surveillance cameras, caution boards, and utility meters, requiring high throughput, and information aggregators where speed of up to a few megabits for every second might be required. Progressions in Sequans Calliope 2 innovation eliminate the expense and force utilization boundaries that have hitherto hindered far reaching arrangement of Cat 1 for IoT. These progressions include: 1) higher reconciliation that has brought down the Cat 1 module cost nearer to the degree of LTE-M module cost 2) altogether improved force utilization, in both dynamic and low force modes, bringing the force profile close down to the LTE-M force profile, and accordingly essentially expanding the battery life of Cat 1 IoT gadgets. "Calliope 2 is a genuinely general and profoundly successful IoT arrangement and we are amped up for the numerous new IoT applications that are being assembled as a result of it," said Georges Karam, Sequans CEO. "Calliope 2 supplements our Monarch 2 LTE-M/NB-IoT item family and makes Sequans an all in one resource for practically all IoT applications—going from straightforward low speed sensor gadgets to higher speed surveillance cameras, and from low-power, battery-worked purchaser gadgets to modern, higher speed mechanical gadgets." Notwithstanding cost and force enhancements, Calliope 2 conveys progressed highlights, for example, an EAL5+ secure area for ieUICC, and coordinated VoLTE with help for crisis voice calling and streaming sound. Calliope 2 is 5G-prepared, consistent with the 3GPP Release 15 enormous IoT standard. Its client application programming and interfaces are viable with Sequans' Monarch 2 LTE-M/NB-IoT stage, permitting simple relocation among Cat 1, LTE-M, and NB-IoT enormous IoT innovations. Feline 1 organizations are today accessible around the world, empowering Calliope 2 to help any IoT application or gadget, even in those locales where LTE-M isn't yet accessible.

Read More