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IoT is expected to help APAC businesses grow revenues quickly
THERE is no doubt that the internet of things (IoT) will create exciting new revenue-generating opportunities for businesses — in B2B as well as B2C environments.
This is especially true in the Asia Pacific (APAC) region where users are keen to use technology to simplify tasks and workflows.
According to a recent GlobalData forecast, the marketplace for IoT-related services, which includes connectivity, devices, software, and related solutions, is projected to exceed US$96.3 billion in sales by 2023, growing at a compound annual growth rate (CAGR) of 22.4 percent between 2018 and 2023.
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