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APAC IoT Market Forecast to Reach $95.7 billion by 2022 Led by Transport and Logistics Sector, says Frost & Sullivan
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APAC IoT Market Forecast to Reach $95.7 billion by 2022 Led by Transport and Logistics Sector, says Frost & Sullivan

Internet of Things (IoT) is in the early stages of growth, with many organizations implementing and testing proofs of concepts. In particular, government agencies are taking the lead in the region by deploying IoT solutions to address immediate concerns about public safety, border control, tracking, and traffic management, as well as to improve basic access to healthcare, education, and other social programs.

Although there is a high level of interest in leveraging IoT technologies by many in the industry, there are several factors that are slowing the adoption of the technology, including the realization that IoT is about managing and extracting value from data—an area where many organizations are still grappling.

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