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IDC: A/NZ second highest APAC IoT spenders per capita

By Ben Moore
Thu 14 Feb 2019
FYI, this story is more than a year old

The latest IDC Worldwide Semiannual Internet of Things Spending Guide reveals that the Asia/Pacific excluding Japan (APEJ) region will be the global leader for IoT spending in 2019 with around 36.9% of the worldwide spend, followed by the US and the Western Europe.

China, continuing a growing trend, is the top spender in the region with US$159.1 billion for the year 2018, followed by South Korea and India with a spending of $22.6 Billion and $19.6 Billion in 2018 respectively.

However, South Korea takes the number one spot per capita, followed by Australia and New Zealand. 

“The per capita IoT spending among the APEJ countries is quite varied, it is primarily related to the demographics, broadband penetration, coverage and capacity of the nation’s infrastructure, including telecommunications, modernity of commercial buildings, firm demographics, highways, and electricity/gas/water distribution,” says IDC senior research manager Ashutosh Bisht.

“The key drivers of IoT penetration will include the proliferation of cloud-based back-end services for data acquisition and analytics, and 5G fixed wireless deployments that are expected in Australia, New Zealand, and the Philippines before 2020.”

IoT services is the largest technology category in 2018 with $83.5 billion going toward traditional IT and installation services as well as non-traditional device and operational services. 

Hardware spending is close behind at $78.4 billion led by more than $65.7 billion in module/sensor purchases. 

IoT software spending totalled $43.3 billion in 2018 and will see the fastest growth over the five-year forecast period (2017-22) with a CAGR of 15.8%. Services spending will also grow faster than overall IoT spending with a CAGR of 13.3%.

The top three industries spending most on IoT solutions in 2018 are discrete manufacturing ($43.9 billion), process manufacturing ($33.2 billion), and utilities ($20.1 billion). 

IoT spending among manufacturers will be largely focused on solutions that support manufacturing operations and production asset management. 

In utilities, more than half of IoT spending will go toward smart grid(electricity), followed by smart grid(gas). 

The industries that will see the fastest compound annual growth rates (CAGR) over the five-year forecast period are telecommunications (16.6%), construction (15.9%), and healthcare (15.6%).

"Internet of Things across Asia/Pacific (excluding Japan) continues to grow steadily as government, municipalities, and enterprises move from proof of concept and tests to live deployments as part of a strategy to enhance productivity and efficiency, build Smart City infrastructures, capitalise on new technologies (e.g., software-defined networking, next-generation industrial automation, deep learning, mobile edge and 5G mobile and 5G fixed wireless access), and embrace digital transformation," says IDC Asia/Pacific IoT and telecommunications associate vice president Hugh Ujhazy.

"We are still in the early stages of IoT adoption and ecosystem development, with industrial IoT, telematics, retail, smart grids, smart buildings, and smart homes leading the way in terms of use cases but with the impending advent of 5G and low-Earth-orbit satellites, are moving closer to the reality of pervasive broadband IoT connectivity.”

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