SINGAPORE, 1 February 2016
IoT spending in the Philippines to hit US$766.8 Million in 2020
Phuket and Chiang Mai set to be Thailand’s first smart city
Indonesian government launch the Smart City Vision Indonesia 2015-2045
Malaysian IoT market to register US$10.5 billion by 2025
Governments and telecommunication operators in the Philippines, Thailand, Indonesia and Malaysia are actively exploring opportunities offered by the Internet of Things (IoT) and Machine to Machine (M2M) technologies in the region.
The Philippines recently posted a GDP growth of 6.3%, as well as a sustained IT spending growth of 10.1%. Gil B. Genio, COO of Globe Telecom Inc. pointed out that the IoT’s potential is substantially driven by the Technology, Media, and Telecommunications (TMT) sectors, while mobile network operators (MNOs) will continue to be relevant with their existing network customer base, sales channels, billing and support systems. Similarly, we will see more than 400 million connected devices in 4-5 years’ time in Thailand alone, according to Sigvart Von Eriksen, CMO of DTAC — while we are still below 1 million right now. “The IoT market in Thailand will explode in near future, which should not come as a surprise given the active role government is playing,” he added.
An IoT roadmap for 2016 was rolled out by Telkomsel in Indonesia. A new breakthrough in the automotive sector, namely T-drive, was developed to monitor driving behaviour performance for safety on top of the current car tracking and fleet management solutions they had. “IoT in Indonesia is a limitless opportunity – we are committed to building this ecosystem,” said Ririek Andriansyah, President Director of Telkomsel. As for Malaysia, IoT market potential is predicted to register US$2.2 billion by 2020. Dato Ng Wan Peng, COO of MDeC said, “Not only addressing the supply of IoT, we want to raise awareness among end users and create demand to drive digital adoption and economy growth. Our aim is to turn Malaysia into a matured digital economy by 2020 – to connect and empower government, business and people.”
To leverage on the interest from local governments and Telecommunication companies, the Asia IoT Business Platform 2016 series in the Philippines, Thailand, Indonesia and Malaysia will bring together end-users, platform providers, policy makers and solution providers at a single platform to forge mutually-beneficial partnerships. The series will showcase the value and economic impact of IoT/M2M solutions, including improving private and public sector enterprise productivity, and harnessing ICT and networks to alleviate problems in dense capital cities.
This coming May, the city of Yokohama has been engaged to present a case study in Manila, Philippines as reference for smart city projects, while DHL will be sharing information on how to leverage Big Data in the logistics sector. In Bangkok, the Korea Evaluation Institute of Industrial Technology will discuss advanced manufacturing and smart factory applications – which is a main focus in Southeast Asian cities.
The Asia IoT (Internet of Things) Business Platform
With a focus on local telecommunication companies and verticals, the Asia IoT Business Platform is an educational platform crafted by the industry for the industry, with the aim of addressing key issues facing the adoption of M2M and IoT technologies in the ASEAN region. This will drive enterprises to understand and learn about the adoption of M2M and IoT technologies for their business, driving efficiency and increasing revenue.
Since its inception in 2014, the Asia IoT Business Platform has secured strong support from local governments and telecommunication companies. The 2016 series have been launched and further exhibitions have been confirmed for 23th-24th May in Manila, 26th-27th May in Bangkok, 15th-16th August in Jakarta and 18th-19th August in Kuala Lumpur.
For more information please visit http://www.iotbusiness-platform.com or follow them on twitter @ASIAIoT
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