IoT has transformed and bridged the virtual and real worlds with a plethora of technology such as biochips, transponders, heart monitoring appliances, and so on. It has become an allpervasive phenomenon as evidenced by the proliferation of smart appliances, wearable devices, and digitally optimized vehicles, promising to improve productivity levels across industries and the quality of life in general. Unlike traditional cyber systems, which connect general-purpose computers, IoT systems frequently connect highly specialized devices with limited programmability and customizability. Furthermore, unlike the highly centralized method of aggregating storage and processing power in huge data centers, IoT devices frequently store and process data in a distributed manner. Furthermore, unlike exclusively cyber systems, IoT systems include sensors that collect data from the physical environment.
The Asia Pacific region is expected to be one of the major areas for the growth of the Internet of Things (IoT) market. The Asia Pacific IoT market was valued at US$69.3 billion in 2018 and is predicted to expand to US$143.8 billion by 2023 at over 12.4% CAGR from 2019 to 2023. Primarily, the growth is driven by factors such as increased internet penetration, growing adoption of cloud-based services by small and medium enterprises, and initiatives by governments to promote digitalization and smart cities. Leveraging the latest trends in IoT such as blockchain, Saas, cognitive networking, multitudes of technologists, solution providers, and startups are pushing IoT with innovative solutions, giving enterprises new dimensions of business workflows and processes like never before.
To help CTOs, CIOs, and CEOs find the right IoT Solution Provider, a distinguished selection panel comprising of CEOs, CIOs, VCs, industry analysts, and the APAC CIO Outlook’s editorial board has selected a list of IoT solution providers that exhibit innovative technologies combined with latest financial strategies.
We have considered the vendor’s ability in building solutions and services that can effectively yet economically account for productive wealth management, keeping in mind the factor of timefocused delivery. We present to you APAC CIO Outlook’s “Top 10 IoT Solutions Providers - 2022.”
