The 12th edition of the Asia IoT Business Platform 2017 held in Singapore for the first time, emphasised ASEAN’s economic potential and urged stakeholder to explore the region.
The program targeted IoT stakeholders to inform them on important developments in the region and to foster important connections with local ASEAN markets that will help drive enterprise digital transformation and IoT growth. It also featured conversations around infrastructure, policy and regulatory environments, smart city and enterprise IoT projects and next-generation technologies.
Vice President Original Equipment Manufacturer & Internet of Things Sales, Hewlett Packard Enterprise, Pete Murray said, “Enterprises across ASEAN are thriving in an era characterized by disruptive change from ideas that can easily become reality. It’s a time when integrating technology across multiple environments can empower businesses to reap the benefits of IoT.”
The IoT market in ASEAN is expected to blow up. Frost & Sullivan pegged its value at $1.68 billion in 2015 and expected to grow 35 per cent a year to reach US$7.53 billion in 2020. Countries in the region including Singapore, Indonesia, Malaysia, Thailand and the Philippines currently lead the region’s IoT spending with a strong focus on key sectors such as public services and smart cities, manufacturing, automotive, transport and logistics, and agriculture.
Director at Asia IoT Business Platform, Irza Suprapto said, “The region is home to 600 million people; that is 120 times the size of Singapore’s market. Given the robust growth in the region, tech companies should look to expand in the region because it is simply not sustainable to rely on Singapore’s highly competitive and saturated market.”
The growth in ASEAN is also attracting potential investors from across the world, most notably Taiwan who is looking to refresh its ‘Go South’ policy through a five-year plan aimed at expanding economic exchanges between Taiwan and ASEAN.
Speaking at the event, Dr. Shieh Lon-Fon, Deputy Director of Industry Development Bureau (IDB) at the Ministry of Economic Affairs Taiwan, recognised the potential of ASEAN and anticipated greater cooperation between the two markets in 2017, particularly on the technological front.
Asia IoT Business Platform, together with Microsoft, will be part of the 21st World Congress on Information Technology in Taiwan in September 2017 to facilitate cooperation between the two markets.
“We have seen, first-hand, the potential for the adoption and deployment of IoT technology in ASEAN countries after having hosted the program across the region in the past four years. Local governments, enterprises in different verticals, and solution providers have come together to find ways to accelerate the digital transformation in these countries,” Suprapto added.
“This is a positive sign as it is of paramount importance for the different stakeholders to work together to drive this digital transformation,” he added.
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 IoT technologies in the ASEAN region.
Since its inception in 2013, Asia IoT Business Platform has secured strong support from local governments and telecommunication companies for the past 12 editions.
The program will debut in Myanmar and Taiwan in 2017 and will return to Thailand, Malaysia, Philippines, Indonesia, and Vietnam later in the year.