Asia Pacific IoT Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Offering [Hardware (Processors, Connectivity Modules, Sensors, Memory Devices, and Others), Software, and Services) and End User (Industrial, Commercial, and Residential)

Code: BMIRE00027979 | Pages: 148 | Industry: Technology, Media and Telecommunications | Date: Jan 2023 |

The Asia Pacific IoT market is expected to grow from US$ 116.82 billion in 2022 to US$ 597.58 billion by 2028. It is estimated to grow at a CAGR of 31.3% from 2022 to 2028.

 

Rise in Implementation of IoT in Automotive Sector is Driving the Asia Pacific IoT Market

 

Automotive is one of the largest sectors in terms of IoT implementation, with self-driving cars, security features, data analytics, in-vehicle infotainment, predictive maintenance, real-time monitoring, and dashboard reporting being the key applications. Moreover, the high level of competition in the global automotive sector is propelling companies to adopt advanced technologies such as IoT and AI. Audi, BMW, General Motors, and Mercedes-Benz are a few major automakers offering advanced infotainment systems integrated with various technologies into their cars. Moreover, the mounting demand for connected vehicles, coupled with rising investments in autonomous cars, is further boosting the adoption of IoT and efficient communication technologies, such as 4G and 5G. Automotive systems that can be enhanced with IoT include logistics management, fleet management, telematics, sensor sharing, advanced driver assistance systems, infotainment, and autonomous driving. Furthermore, due to increasing demand for dynamic messaging, parking sensors, real-time occupancy data of parking spots, and available parking spots to ensure smooth parking of the vehicle—several government agencies are promoting smart city programs and implementing smart parking to ensure smooth traffic in the city. Therefore, the rise in the implementation of IoT in the automotive sector is driving the Asia Pacific IoT market.

 

Asia Pacific IoT Market Overview

 

IoT solutions are widely adopted across several business verticals in Asia Pacific owing to faster connectivity and progressive government initiatives for smart city and manufacturing projects. In addition, governments of various countries in the region are launching various smart infrastructure projects to provide better transport facilities, health services, and mobility. Moreover, as consumers seek better solutions that promise safety, convenience, and efficiency, the disruptions in the transportation sector have compelled it to use IoT technology for tracking and optimizing supply chains. Furthermore, IoT has increased applications in smart city projects for different purposes such as better energy utilization, control of disease outbreaks, autonomous vehicles, fintech, and contactless payment innovations. Additionally, the application of IoT technology has increased across broader governance applications such as evidence-based decision-making, urban planning, and infrastructure development. The logistics industry in Asia Pacific continues to transform its supply chains due to the rising preference for online shopping, which accelerated the demand for better customer service and convenience in e-commerce delivery. Also, there is an increasing need for end-to-end supply chain visibility to overcome challenges such as on-demand trends, volume spikes, dynamic changes in route conditions, and flexible workforces that must be addressed. As a result, the providers are developing IoT solutions for real-time fleet tracking and management solutions, which are expected to boost the growth of the Asia Pacific IoT market in the coming years.

 

Asia Pacific IoT Market Revenue and Forecast to 2028 (US$ Billion)

Asia Pacific IoT Market Revenue and Forecast to 2028 (US$ Billion)

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Asia Pacific IoT Market Segmentation

 

The Asia Pacific IoT market is segmented into offering, end user, and country.

 

Based on offering, the Asia Pacific IoT market is segmented into hardware, software, and services. The hardware segment registered a largest market share in 2022 In 2022, the hardware segment registered the largest share in the Asia Pacific IoT market. The hardware segment is further subsegmented into processors, connectivity modules, sensors, memory devices, and others

 

Based on end user, the Asia Pacific IoT market is segmented into industrial, commercial, and residential. In 2022, the industrial segment registered a largest share in the Asia Pacific IoT market.

 

Based on country, the Asia Pacific IoT market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. In 2022, the China segment registered a largest share in the Asia Pacific IoT market.

 

Cisco Systems, Inc.; Google LLC; Hewlett Packard Enterprise Development LP (HPE); IBM Corporation; Microsoft Corporation; Oracle Corporation; QUALCOMM INCORPORATED; SAP SE; SAS Institute Inc.; and VMware, Inc. are the leading companies operating in the Asia Pacific IoT market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific IoT Market – by Offering

1.3.2        Asia Pacific IoT Market – by End User

1.3.3        Asia Pacific IoT Market – by Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Asia Pacific IoT Market Landscape

4.1         Market Overview

4.2         Asia Pacific PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Asia Pacific IoT Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increase in Number of Smart City Projects

5.1.2        Reduction in Cost of Connected Devices and Increase in Investments in IoT

5.1.3        Rise in Implementation of IoT in Automotive Sector

5.2         Market Restraints

5.2.1        Data Security and Interoperability Issues

5.3         Market Opportunities

5.3.1        Progressive Deployment of 5G Networks

5.4         Future Trends

5.4.1        Massive Expansion of E-Commerce Industry

5.4.2        Increase in Digitalization Across Industries and Rise in Importance of Service Providers

5.5         Impact Analysis of Drivers and Restraints

6.           IoT Market – Asia Pacific Market Analysis

6.1         Asia Pacific IoT Market Overview

6.2         Asia Pacific IoT Market Revenue Forecast and Analysis

7.           Asia Pacific IoT Market – By Offering

7.1         Overview

7.2         Asia Pacific IoT Market, by Offering (2021 and 2028)

7.3         Hardware

7.3.1        Overview

7.3.2        Hardware: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.3        Processors

7.3.3.1          Overview

7.3.3.2          Processors: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.4        Connectivity Modules

7.3.4.1          Overview

7.3.4.2          Connectivity Modules: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.5        Sensors

7.3.5.1          Overview

7.3.5.2          Sensors: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.6        Memory Devices

7.3.6.1          Overview

7.3.6.2          Memory Devices: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.3.7        Others

7.3.7.1          Overview

7.3.7.2          Others: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.4         Software

7.4.1        Overview

7.4.2        Software: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

7.5         Services

7.5.1        Overview

7.5.2        Service: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8.           Asia Pacific IoT Market Analysis – by End User

8.1         Overview

8.2         Asia Pacific IoT Market, by End User (2021 and 2028)

8.3         Industrial

8.3.1        Overview

8.3.2        Industrial: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

8.5         Residential

8.5.1        Overview

8.5.2        Residential: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

9.           Asia Pacific IoT Market – Country Analysis

9.1         Overview

9.1.1        Asia Pacific IoT Market, by Country

9.1.1.1          China IoT Market - Revenue and Forecast to 2028

9.1.1.1.1          China IoT Market, By Offering

9.1.1.1.2          China IoT Market, By Hardware

9.1.1.1.3          China IoT Market, By End User

9.1.1.2          Japan IoT Market - Revenue and Forecast to 2028

9.1.1.2.1          Japan IoT Market, By Offering

9.1.1.2.2          Japan IoT Market, By Hardware

9.1.1.2.3          Japan IoT Market, By End User

9.1.1.3          India IoT Market - Revenue and Forecast to 2028

9.1.1.3.1          India IoT Market, By Offering

9.1.1.3.2          India IoT Market, By Hardware

9.1.1.3.3          India IoT Market, By End User

9.1.1.4          Australia IoT Market - Revenue and Forecast to 2028

9.1.1.4.1          Australia IoT Market, By Offering

9.1.1.4.2          Australia IoT Market, By Hardware

9.1.1.4.3          Australia IoT Market, By End User

9.1.1.5          South Korea IoT Market - Revenue and Forecast to 2028

9.1.1.5.1          South Korea IoT Market, By Offering

9.1.1.5.2          South Korea IoT Market, By Hardware

9.1.1.5.3          South Korea IoT Market, By End User

9.1.1.6          Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028

9.1.1.6.1          Rest of Asia Pacific IoT Market, By Offering

9.1.1.6.2          Rest of Asia Pacific IoT Market, By Hardware

9.1.1.6.3          Rest of Asia Pacific IoT Market, By End User

10.        Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      Merger and Acquisition

10.4      New Development

11.        Company Profiles

11.1      Microsoft Corporation

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Hewlett Packard Enterprise Development LP (HPE)

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      SAS Institute Inc.

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      VMware, Inc.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Google LLC

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Oracle Corporation

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      Cisco Systems, Inc.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      SAP SE

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      IBM Corporation

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   QUALCOMM INCORPORATED

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

11.10.6  Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

LIST OF TABLES

Table 1.             Asia Pacific IoT Market Revenue and Forecast to 2028 (US$ Billion)

Table 2.             Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Country (US$ Billion)

Table 3.             China IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 4.             China IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 5.             China IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 6.             Japan IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 7.             Japan IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 8.             Japan IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 9.             India IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 10.          India IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 11.          India IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 12.          Australia IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 13.          Australia IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 14.          Australia IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 15.          South Korea IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 16.          South Korea IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 17.          South Korea IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 18.          Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Offering (US$ Billion)

Table 19.          Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By Hardware (US$ Billion)

Table 20.          Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 – By End User (US$ Billion)

Table 21.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Asia Pacific IoT Market Segmentation

Figure 2.           Asia Pacific IoT Market Segmentation – By Country

Figure 3.           Asia Pacific IoT Market Overview

Figure 4.           Asia Pacific IoT Market, by Offering

Figure 5.           Asia Pacific IoT Market, by Hardware

Figure 6.           Asia Pacific IoT Market, by End User

Figure 7.           Asia Pacific IoT Market, by Country

Figure 8.           Asia Pacific – PEST Analysis

Figure 9.           Asia Pacific IoT Market- Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        Asia Pacific IoT Market: Impact Analysis of Drivers and Restraints

Figure 12.        Asia Pacific IoT Market Revenue Forecast and Analysis (US$ Billion)

Figure 13.        Asia Pacific IoT Market Revenue Share, by Offering (2021 and 2028)

Figure 14.        Hardware: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 15.        Processors: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16.        Connectivity Modules: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 17.        Sensors: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 18.        Memory Devices: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19.        Others: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 20.        Software: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        Service: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 22.        Asia Pacific IoT Market Revenue Share, by End User (2021 and 2028)

Figure 23.        Industrial: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24.        Commercial: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 25.        Residential: Asia Pacific IoT Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26.        Asia Pacific IoT Market, by Country — Revenue (2021) (US$ Million)

Figure 27.        Asia Pacific IoT Market, by Country, 2021 & 2028 (%)

Figure 28.        China IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 29.        Japan IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 30.        India IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 31.        Australia IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 32.        South Korea IoT Market - Revenue and Forecast to 2028 (US$ Billion)

Figure 33.          Rest of Asia Pacific IoT Market - Revenue and Forecast to 2028 (US$ Billion)

  1. Cisco Systems, Inc.  
  2. Google LLC  
  3. Hewlett Packard Enterprise Development LP (HPE) 
  4. IBM Corporation   
  5. Microsoft Corporation
  6. Oracle Corporation 
  7. QUALCOMM INCORPORATED 
  8. SAP SE  
  9. SAS Institute Inc. 
  10. VMware, Inc. 
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