The Internet of Things (IoT) has been called the next Industrial Revolution — it will impact the way all businesses, governments, and consumers interact with the physical world.Nearly $6 trillion will be spent on IoT solutions over the next five years.
IoT is gathering pace through smart city initiatives at the heart of the region. IoT-based services will be delivered in 2016 with the rise in IAM and cloud security gaining traction to fulfill smart city promises.
Smart grid is growing at a faster rate in the region. Non-smart field devices of electric utility are used to control and optimize power flow to ensure efficient, safe, and reliable service.