Asia/Pacific (Excluding Japan) Internet of Things Connections and Traffic Model Update, 2023–2027
This IDC study reveals that the years 2022 and 2023 are expected to witness a rapid acceleration in the adoption of Internet of Things (IoT) technology adoption. This surge is primarily fueled by the implementation of smart operations use cases that offer significant return on investment (ROI). "The Asia/Pacific region, particularly China, is playing a pivotal role in driving IoT initiatives and projects, further contributing to the overall growth and advancement of IoT adoption," says Khairil Anwar Rahmat, senior research manager, IDC Asia/Pacific Telco and IoT. "Lately, there has been a growing preoccupation with technological advancements, such as connected cars, self-driving vehicles, Smart Cities, and interactive robots. To make these areas successful, China is investing a lot on 5G technology, which is the core for running these technologies successfully. Also, with the development of these use cases, the demand for IoT connections is surging."
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- IoT IP Traffic
- Market Context
- Drivers and Inhibitors
- Drivers
- Advancements in Artificial Intelligence and Edge Computing
- Emergence of 5G RedCap Technology for IoT Applications
- Industrial IoT as Part of Digital Transformation Initiatives
- Inhibitors
- Lack of Interoperability and Standardization
- Lack of Data Management Strategies and Analytics Expertise
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- IDC Asia/Pacific Connections Taxonomy
- Access Technology Segmentation
- Methodology
- Related Research
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