Asia-Pacific Industrial IoT Platform Market, Forecast to 2021

Frost & Sullivan’s Mega Trends research shows that the next generation will have very different needs from the consumers of today. This new generation desires unique and personalized products, quickly and on-demand. In the face of these changes in society, industrial companies are starting to react and change to remain competitive. To meet the needs of the consumers of tomorrow, industrial companies need to adapt and offer unique products targeted at profitable sub-segments, with highly flexible and agile operations. However, most industrial companies in developing nations are still leveraging low-cost labor instead of investing in IoT. In more developed regions of the Asia-Pacific, many companies still exhibit a “wait and see” mindset, keeping abreast of the potentials benefits of IIoT, while still resistant to move forward from legacy and familiar work processes. By using IoT sensors and data analytics, Industrial IoT projects can help companies gain visibility of operations so that managers can make decisions based on quantified data. This can lead to more efficient and agile operations, reducing unscheduled downtime and waste, while enhancing competitiveness.
Published: 20 Dec 2017

Asia-Pacific Industrial IoT Platform Market, Forecast to 2021

Sensors and Data Analytics are Enabling Industrial Companies to Optimize and Enhance Operations

Frost & Sullivan’s Mega Trends research shows that the next generation will have very different needs from the consumers of today. This new generation desires unique and personalized products, quickly and on-demand.

In the face of these changes in society, industrial companies are starting to react and change to remain competitive. To meet the needs of the consumers of tomorrow, industrial companies need to adapt and offer unique products targeted at profitable sub-segments, with highly flexible and agile operations.

However, most industrial companies in developing nations are still leveraging low-cost labor instead of investing in IoT. In more developed regions of the Asia-Pacific, many companies still exhibit a “wait and see” mindset, keeping abreast of the potentials benefits of IIoT, while still resistant to move forward from legacy and familiar work processes.

By using IoT sensors and data analytics, Industrial IoT projects can help companies gain visibility of operations so that managers can make decisions based on quantified data. This can lead to more efficient and agile operations, reducing unscheduled downtime and waste, while enhancing competitiveness.

Research Highlights
This study includes detailed market analysis of the Industrial IoT market in Asia-Pacific, key drivers and restraints, country snapshots around the region, and important opportunities. Frost & Sullivan is specially examining the following three developments in the market:

  • Maturity of edge computing
  • Types of industry solutions provided
  • Level of IoT security

The study will also analyze the top 10 vendors in this space and introduce some complementary and emerging vendors.

Key Questions this Study will Answer

  • What is IIoT and what does it do for industrial facilities?
  • What are the various use cases of IoT?
  • What business value does IIoT provide?
  • Is the IIoT market growing fast enough?
  • What are the strengths of each of the major vendors?
  • How can end users get started on IIoT?

Features of this Research

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