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report thumbnailAsia Pacific Internet of Things (IoT) Market

Asia Pacific Internet of Things (IoT) Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Asia Pacific Internet of Things (IoT) Market by Component (Platform, Solution & Services), by End-use Industry (BFSI, Retail, Government, Healthcare, Manufacturing, Agriculture, Sustainable Energy, Transportation, IT & Telecom, Others), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032

Nov 14 2024
Base Year: 2023
100 Pages
Market Research Future Logo

Asia Pacific Internet of Things (IoT) Market 2024-2032 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Key Insights

The Asia Pacific Internet of Things (IoT) Marketsize was valued at USD 544.38 USD Billion in 2023 and is projected to reach USD 3434.34 USD Billion by 2032, exhibiting a CAGR of 30.1 % during the forecast period. The Internet of Things which can also be abbreviated as IoT is a collection of physical objects connected and exchanging data on the Internet. These machines have sensors, software programs, and other technologies that gather and transmit data to facilitate automation and precise regulation. IoT devices can be classified into three main types: consumer IoT which comprises smart home devices such as smart thermostats and smart security cameras; Industrial IoT which accentuates manufacturing and supply chain enhancement and Infrastructure IoT which encompasses traffic and environmental control among other things. IoT is characterized by aspects such as the acquisition of real-time data, monitoring and decision-making from a distance. It is applied in home use, hospitals, farming, and cities among others where effective control, comfort, and grant management are realized.

Asia Pacific Internet of Things (IoT) Market Research Report - Market Size, Growth & ForecastAsia Pacific IoT Trends

  • Surge in smart city initiatives
  • Growing demand for connected devices in industrial automation
  • Emergence of blockchain technology in IoT applications

Driving Forces: What's Propelling the Asia Pacific IoT Market

  • Government investments in smart infrastructure
  • Rising demand for data analytics and cloud services
  • Integration of IoT with artificial intelligence (AI) and machine learning (ML)

Challenges and Restraints in Asia Pacific IoT Market

  • Cybersecurity concerns
  • Lack of skilled workforce
  • Interoperability issues

Emerging Trends in Asia Pacific IoT

  • Development of low-power wide-area networks (LPWANs)
  • Adoption of IoT in healthcare and agriculture
  • Use of IoT for environmental monitoring

Growth Catalysts in Asia Pacific IoT Industry

Asia Pacific Internet of Things (IoT) Market Growth

  • Government initiatives to promote IoT adoption
  • Rising investments in R&D
  • Growing opportunities in emerging applications

Market Segmentation: Asia Pacific Internet of Things (IoT) Analysis

Component:

  • Platform
  • Solution & Services

End-use Industry:

  • BFSI
  • Retail
  • Government
  • Healthcare
  • Manufacturing
  • Agriculture
  • Sustainable Energy
  • Transportation
  • IT & Telecom
  • Others

Leading Players in the Asia Pacific Internet of Things (IoT) Market

  • Tata Consultancy Services (TCS) (India)
  • HCL Tech (India)
  • NetSet Software Solutions (Singapore)
  • Xperanti IoT (Malaysia)
  • Tech Mahindra (India)
  • Huawei (China)
  • Global Enterprise Mobility (Vietnam)
  • Amazon Web Services (AWS) (U.S.)
  • Intel Corporation (U.S.)
  • Cisco Systems (U.S.)

Significant Developments in Asia Pacific Internet of Things (IoT) Sector

  • Flourishing Partnerships: Enhanced collaboration between IoT solution providers and device manufacturers has accelerated product innovation and ecosystem growth.
  • Innovative Platform Proliferation: The launch of advanced IoT platforms and services has empowered businesses to seamlessly connect, manage, and analyze IoT devices, driving operational efficiency.
  • Investment Boom: Robust investment in IoT startups has fostered a dynamic ecosystem, nurturing innovation and fueling market expansion.
  • Government Initiatives: Governments across the region have implemented supportive policies and regulations, encouraging IoT adoption and creating favorable conditions for market development.
  • Adoption Across Industries: IoT is rapidly transforming various industries, including manufacturing, healthcare, smart cities, and retail, creating value through automation, optimization, and data-driven insights.

Comprehensive Coverage Asia Pacific Internet of Things (IoT) Market Report

The report provides a detailed analysis of the Asia Pacific IoT market, including:

  • Market size and growth projections
  • Market trends and driving forces
  • Competitive landscape
  • Key insights and recommendations

Regional Insight

  • China and India are expected to drive the market growth
  • Southeast Asia is emerging as a significant market
  • Japan and South Korea are investing heavily in IoT

Recent Mergers & Acquision

  • Tech Mahindra acquired Birlasoft to expand its IoT capabilities
  • HCL Tech acquired Waterfront Technologies to strengthen its IoT portfolio

Regulation

  • Data protection and privacy regulations are being implemented in the region
  • Government regulations are promoting IoT adoption

Patent Analysis

  • The report analyzes patent filings related to IoT in the Asia Pacific region
  • Key trends and innovations are identified

Analyst Comment

The Asia Pacific IoT market is poised for significant growth due to the increasing adoption of IoT devices, technological advancements, and government support. The market is expected to witness numerous opportunities for IoT solution providers and end-users in various industries.

Asia Pacific Internet of Things (IoT) Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 30.1% from 2018-2032
Segmentation
    • By Component
      • Platform
      • Solution & Services
    • By End-use Industry
      • BFSI
      • Retail
      • Government
      • Healthcare
      • Manufacturing
      • Agriculture
      • Sustainable Energy
      • Transportation
      • IT & Telecom
      • Others
  • By Geography
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Adoption of Innovative Technologies to Make Smart Evacuation Procedures Smooth to Boost Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Increasing Cyberattacks to Impede the Demand for IoT devices in the Region
      • 3.4. Market Trends
        • 3.4.1. Growing Implementation of Touch-based and Voice-based Infotainment Systems to Increase Adoption of Intelligent Cars
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Component
      • 5.1.1. Platform
      • 5.1.2. Solution & Services
    • 5.2. Market Analysis, Insights and Forecast - by End-use Industry
      • 5.2.1. BFSI
      • 5.2.2. Retail
      • 5.2.3. Government
      • 5.2.4. Healthcare
      • 5.2.5. Manufacturing
      • 5.2.6. Agriculture
      • 5.2.7. Sustainable Energy
      • 5.2.8. Transportation
      • 5.2.9. IT & Telecom
      • 5.2.10. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. Asia Pacific
  6. 6. China Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Component
        • 6.1.1 Platform
        • 6.1.2 Solution & Services
      • 6.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 6.2.1 BFSI
        • 6.2.2 Retail
        • 6.2.3 Government
        • 6.2.4 Healthcare
        • 6.2.5 Manufacturing
        • 6.2.6 Agriculture
        • 6.2.7 Sustainable Energy
        • 6.2.8 Transportation
        • 6.2.9 IT & Telecom
        • 6.2.10 and Others
  7. 7. Japan Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Component
        • 7.1.1 Platform
        • 7.1.2 Solution & Services
      • 7.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 7.2.1 BFSI
        • 7.2.2 Retail
        • 7.2.3 Government
        • 7.2.4 Healthcare
        • 7.2.5 Manufacturing
        • 7.2.6 Agriculture
        • 7.2.7 Sustainable Energy
        • 7.2.8 Transportation
        • 7.2.9 IT & Telecom
        • 7.2.10 and Others
  8. 8. India Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Component
        • 8.1.1 Platform
        • 8.1.2 Solution & Services
      • 8.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 8.2.1 BFSI
        • 8.2.2 Retail
        • 8.2.3 Government
        • 8.2.4 Healthcare
        • 8.2.5 Manufacturing
        • 8.2.6 Agriculture
        • 8.2.7 Sustainable Energy
        • 8.2.8 Transportation
        • 8.2.9 IT & Telecom
        • 8.2.10 and Others
  9. 9. South Korea Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Component
        • 9.1.1 Platform
        • 9.1.2 Solution & Services
      • 9.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 9.2.1 BFSI
        • 9.2.2 Retail
        • 9.2.3 Government
        • 9.2.4 Healthcare
        • 9.2.5 Manufacturing
        • 9.2.6 Agriculture
        • 9.2.7 Sustainable Energy
        • 9.2.8 Transportation
        • 9.2.9 IT & Telecom
        • 9.2.10 and Others
  10. 10. Taiwan Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Component
        • 10.1.1 Platform
        • 10.1.2 Solution & Services
      • 10.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 10.2.1 BFSI
        • 10.2.2 Retail
        • 10.2.3 Government
        • 10.2.4 Healthcare
        • 10.2.5 Manufacturing
        • 10.2.6 Agriculture
        • 10.2.7 Sustainable Energy
        • 10.2.8 Transportation
        • 10.2.9 IT & Telecom
        • 10.2.10 and Others
  11. 11. South East Asia Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Component
        • 11.1.1 Platform
        • 11.1.2 Solution & Services
      • 11.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 11.2.1 BFSI
        • 11.2.2 Retail
        • 11.2.3 Government
        • 11.2.4 Healthcare
        • 11.2.5 Manufacturing
        • 11.2.6 Agriculture
        • 11.2.7 Sustainable Energy
        • 11.2.8 Transportation
        • 11.2.9 IT & Telecom
        • 11.2.10 and Others
  12. 12. Australia Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Component
        • 12.1.1 Platform
        • 12.1.2 Solution & Services
      • 12.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 12.2.1 BFSI
        • 12.2.2 Retail
        • 12.2.3 Government
        • 12.2.4 Healthcare
        • 12.2.5 Manufacturing
        • 12.2.6 Agriculture
        • 12.2.7 Sustainable Energy
        • 12.2.8 Transportation
        • 12.2.9 IT & Telecom
        • 12.2.10 and Others
  13. 13. Rest of Asia-Pacific Asia Pacific Internet of Things (IoT) Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Component
        • 13.1.1 Platform
        • 13.1.2 Solution & Services
      • 13.2. Market Analysis, Insights and Forecast - By End-use Industry
        • 13.2.1 BFSI
        • 13.2.2 Retail
        • 13.2.3 Government
        • 13.2.4 Healthcare
        • 13.2.5 Manufacturing
        • 13.2.6 Agriculture
        • 13.2.7 Sustainable Energy
        • 13.2.8 Transportation
        • 13.2.9 IT & Telecom
        • 13.2.10 and Others
  14. 14. Competitive Analysis
    • 14.1. Market Share Analysis 2023
      • 14.2. Company Profiles
        • 14.2.1 Tata Consultancy Services (TCS) (India)
          • 14.2.1.1. Overview
          • 14.2.1.2. Products
          • 14.2.1.3. SWOT Analysis
          • 14.2.1.4. Recent Developments
          • 14.2.1.5. Financials (Based on Availability)
        • 14.2.2 HCL Tech (India)
          • 14.2.2.1. Overview
          • 14.2.2.2. Products
          • 14.2.2.3. SWOT Analysis
          • 14.2.2.4. Recent Developments
          • 14.2.2.5. Financials (Based on Availability)
        • 14.2.3 NetSet Software Solutions (Singapore)
          • 14.2.3.1. Overview
          • 14.2.3.2. Products
          • 14.2.3.3. SWOT Analysis
          • 14.2.3.4. Recent Developments
          • 14.2.3.5. Financials (Based on Availability)
        • 14.2.4 Xperanti IoT (Malaysia)
          • 14.2.4.1. Overview
          • 14.2.4.2. Products
          • 14.2.4.3. SWOT Analysis
          • 14.2.4.4. Recent Developments
          • 14.2.4.5. Financials (Based on Availability)
        • 14.2.5 Tech Mahindra (India)
          • 14.2.5.1. Overview
          • 14.2.5.2. Products
          • 14.2.5.3. SWOT Analysis
          • 14.2.5.4. Recent Developments
          • 14.2.5.5. Financials (Based on Availability)
        • 14.2.6 Huawei (China)
          • 14.2.6.1. Overview
          • 14.2.6.2. Products
          • 14.2.6.3. SWOT Analysis
          • 14.2.6.4. Recent Developments
          • 14.2.6.5. Financials (Based on Availability)
        • 14.2.7 Global Enterprise Mobility (Vietnam)
          • 14.2.7.1. Overview
          • 14.2.7.2. Products
          • 14.2.7.3. SWOT Analysis
          • 14.2.7.4. Recent Developments
          • 14.2.7.5. Financials (Based on Availability)
        • 14.2.8 Amazon Web Services (U.S.)
          • 14.2.8.1. Overview
          • 14.2.8.2. Products
          • 14.2.8.3. SWOT Analysis
          • 14.2.8.4. Recent Developments
          • 14.2.8.5. Financials (Based on Availability)
        • 14.2.9 Intel Corporation (U.S.)
          • 14.2.9.1. Overview
          • 14.2.9.2. Products
          • 14.2.9.3. SWOT Analysis
          • 14.2.9.4. Recent Developments
          • 14.2.9.5. Financials (Based on Availability)
        • 14.2.10 Cisco Systems (U.S.)
          • 14.2.10.1. Overview
          • 14.2.10.2. Products
          • 14.2.10.3. SWOT Analysis
          • 14.2.10.4. Recent Developments
          • 14.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Asia Pacific Internet of Things (IoT) Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: Asia Pacific Internet of Things (IoT) Market Value Share (%), by Component 2023 & 2031
  3. Figure 3: Asia Pacific Internet of Things (IoT) Market Value Share (%), by End-use Industry 2023 & 2031
  4. Figure 4: Asia Pacific Internet of Things (IoT) Market Share (%) by Company 2023
List of Tables
  1. Table 1: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
  2. Table 2: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
  3. Table 3: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
  4. Table 4: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
  5. Table 5: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
  6. Table 6: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Region 2018 & 2031
  7. Table 7: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
  8. Table 8: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
  9. Table 9: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Country 2018 & 2031
  10. Table 10: China Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  11. Table 11: Japan Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  12. Table 12: India Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  13. Table 13: South Korea Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: Taiwan Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  15. Table 15: South East Asia Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  16. Table 16: Australia Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  17. Table 17: Rest of Asia-Pacific Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  18. Table 18: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Component 2018 & 2031
  19. Table 19: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by End-use Industry 2018 & 2031
  20. Table 20: Asia Pacific Internet of Things (IoT) Market Revenue USD Billion Forecast, by Country 2018 & 2031
  21. Table 21: China Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Japan Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  23. Table 23: India Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: South Korea Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  25. Table 25: ASEAN Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: Oceania Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  27. Table 27: Rest of Asia Pacific Asia Pacific Internet of Things (IoT) Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 30.1% from 2018-2032
Segmentation
    • By Component
      • Platform
      • Solution & Services
    • By End-use Industry
      • BFSI
      • Retail
      • Government
      • Healthcare
      • Manufacturing
      • Agriculture
      • Sustainable Energy
      • Transportation
      • IT & Telecom
      • Others
  • By Geography
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

STEP 1 - Identification of Relevant Samples Size from Population Database

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Note* : In applicable scenarios

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Secondary Research

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  • Investor Presentations
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These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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