Asia-Pacific IoT market is expected to witness a significant growth with the CAGR of approximately 22.8% during the forecast period. Asia Pacific is estimated to be one of the major markets for the growth of the IoT market. Asia Pacific grow owing to the factors such as increasing internet penetration, growing adoption of cloud-based services among small and medium enterprises and government policies to promote digitalization and smart city developments. Additionally, introduction of highspeed networking technologies has been the major factor driving the market. Moreover, increasing interest of multinational players in the region and rising demand from developing economies such as India and China are also estimated to drive the growth of the market.
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Asia-Pacific IoT market is segmented on the basis of infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public & services, transportation, retail, individuals, and others (manufacturing). Healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public & Services includes government, BFSI, others (hospitality and entertainment).transportation segment include aerospace, automotive, rails and systems, and marine. Further, based on the infrastructure, the market is segmented into smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).
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Asia-Pacific IoT Market Segmentation
By Infrastructure
- Platform
- Mobile Networks And Access Technologies
- Cloud Solutions/Storage And Processing
- Analytics
- Security
By Vertical
- Healthcare
- Health
- Pharmaceuticals Segment
- Biotechnology
- Energy
- Public & Services
- Government
- BFSI
- Others (Hospitality And Entertainment)
Transportation
- Aerospace
- Automotive
- Rails And Systems
- Marine
- Retail
- Individuals
- Others (Manufacturing)
By Application
- Smart Home
- Smart Wearable
- Smart Cities
- Smart Grid
- IoT Industrial Internet
- IoT Connected Cars
- IoT Connected Healthcare
- Others (Toys And Drones)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
