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Singapore Internet of Things (IoT) Market to 2023 - Rising Demand for Big Data Analytics and Cloud Services

January 15, 2019 / IoT News

The "Singapore Internet of Things (IoT) Market By Platform (Network Management, Application Management and Device Management), By Component (Hardware, Software and Services), By Application, Competition Forecast & Opportunities, 2013-2023" report has been added to ResearchAndMarkets.com's offering. Singapore IoT market is projected to grow at a CAGR of more than 20% during 2018-2023 through 2023 forecast period. Robust growth in the market is anticipated predominantly on account of the major government initiative, Smart Nation Project, under which the government would increase its focus and investments across five shortlisted domains, namely, smart mobility, smart building and environment, smart industry, smart health and smart governance. Rising demand for big data analytics and cloud services, in addition to increasing demand for machine intelligence, growing shift towards smart manufacturing and surging adoption of various wearable technology applications, is expec...