Asia is dominating and will continue to dominate the IoT (internet of things) market globally by 2023. The market is driven by presence of huge consumer electronics players in the Asia-Pacific region such as Philips and Samsung, which leads to introduction of advanced and affordable consumer electronics, and factors such as government initiatives towards adoption of advanced technology to enhance GDP growth in developing nations and hence bolster the demand for IoT.
The Research Nestor report, Global Internet of Things (IoT) Market Outlook 2023, says the IoT market is expected to reach US$724.2 billion by 2023 and expected to register a CAGR of 13.2% over the forecast period i.e. 2016-2023. The Asia-Pacific region represented 36% of global revenue share in 2015 and the region’s market is anticipated to grow at a CAGR of 10.2% during the forecast period, hence dominating market share globally during this period. In comparison, North-America is expected to maintain its revenue share of 24.2% during the forecast period, while Europe is expected to generate more revenue and will jump from 12.2% in 2015 to 20.2% by 2023.
With this backdrop, the theme of this year’s IoT Asia 2017 in Singapore (29-30 March 2017) will be ‘making sense in our connected world’. This trade show and conference was launched in 2014 and has grown steadily to become a leading global IoT event with close to 3,800 attendees from 35 countries attending the event in 2016. Besides showcasing innovative, new and emerging key technologies, IoT Asia is also a vital industry platform that stimulates in-depth discussions to drive new business collaborations in the region that leverage the potential power of IoT.
In 2017, IoT Asia will continue to provide insights for 4,500 attendees across the entire IoT value chain, addressing the interests of technology solution providers and enablers as well as end-user and potential IoT technology adopters across multiple industries. The conference will focus on the following themes:
- Smart cities
- Industrial IoT
- Design applications,
- IoT data analytics
During the keynote sessions, speakers will address:
- IoT’s tipping point – moving beyond the technology
- Innovation, evolution and utility: the value at stake for IoT
- Agendas and assurances for a smarter connected world
Split into three tracks, the conference will focus on technologies, solutions and organizations.
Under the technologies track, it will explore the importance of digital technology platforms for transforming industries and priming them for growth, challenges and the value at stake; and will consider the complex requirements of smart city functions/services, and the requirements from advanced networks.
In the solutions track, there will be detailed talks with examples and showcase solutions on topics like imperatives for connected cities, driving data intelligence for impact and multi-dimensional approaches to security.
Under the organizations track, the conference will explore organizations that have transformed their business or practices through design thinking, strategy, client case studies and from solution integrators. For example, one of the talks will look at how transformed organizations have revitalised their businesses or processes through IoT, and how this has implications for traditional industries.
The conference and exhibition is organized by SingEx Exhibitions and Singapore Industrial Automation Association (SIAA).
SingEx Exhibitions is a subsidiary of SingEx Holdings, a wholly owned by Singapore’s investment company, Temasek Holdings. It organizes and manages trade exhibitions and conferences in various industries including automotive, environment, education, e-commerce and logistics, technology, healthcare and lifestyle. These events aim to connect businesses in Asia and globally, and facilitate business matching with opportunities and knowledge sharing.
Established in 1982, the Singapore Industrial Automation Association (SIAA) is a professional trade association that facilitates strategic alliances, building globally competitive business communities through innovative and effective application of industrial automation and M2M (machine-to-machine) technologies. Since 2006, SIAA has been actively promoting the use of M2M technology to encourage enterprise productivity and competitiveness, complementing the improvement achieved through automation.
For full details and to register for the conference, click here. The Next Silicon Valley is a media partner with IoT Asia 2017, so we have a discount code available – see the IoT Asia banner above for the code, which provides 10% discount.