M2M Technologies Multiply IIoT Growth Opportunities in SEA, Australia and New Zealand
January 17, 2017 | Frost & SullivanEstimated reading time: 2 minutes
The manufacturing value chain in Southeast Asia (SEA) and Australia and New Zealand (ANZ) is experiencing increasing collaboration between developers of machine-to-machine (M2M) technologies and automation systems. Currently, Australia and Singapore lead in the adoption of industrial Internet of Things (IIoT) for efficient mass production. In other countries, M2M deployment is at an early stage. This will change as automation and electronic systems suppliers realize the potential of IoT, where future machines will organise themselves more independently than they do today.
“The spate of mergers and acquisitions over the past four to five years will continue in the manufacturing software and hardware sectors,” said Industrial Automation & Process Control Industry Analyst Krishnan Ramanathan. “The IIoT environment has many complexities as it involves connecting and securing millions of devices, and analysing the explosive amounts of data generated. Strategic acquisitions could simplify these challenges.”
M2M Software and Services Market in IIoT in SEA and ANZ, new analysis from Frost & Sullivan’s Industrial Automation & Process Control Growth Partnership Service program, reveals that the automotive vertical contributes the highest to M2M software and services market revenues at 35%, while another 10% is from the foods/beverages and chemicals/petrochemicals segments. Distributors and value-added resellers will soon replace direct sales and dominate the value chain to ensure end-to-end service delivery, steering the market towards a compounded annual growth rate (CAGR) of 17.2% during 2015-2020.
As factories see benefits in terms of savings, improved transparency and control over processes, and higher resource optimization, IIoT will gain traction and universal standards will be put in place. In the automotive industry, there is high demand for M2M technologies that will alert emergency services in the event of an accident. Such trends will garner interest from connectivity service providers, encouraging collaboration.
“Innovation and foresight will be vital while developing technologies as success requires that systems be easily deployable and yield a reasonable return on investment,” noted Ramanathan. “Data analytics, which is integral to M2M, will be a game changer in the industry to generate high stakeholder value through improved inventory management and asset monitoring.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Suggested Items
SMC Korea 2024 to Highlight Semiconductor Materials Trends and Innovations on Industry’s Path to $1 Trillion
04/24/2024 | SEMIWith Korea a major consumer of semiconductor materials and advanced materials a key driver of innovation on the industry’s path to $1 trillion, industry leaders and experts will gather at SMC (Strategic Materials Conference) Korea 2024 on May 29 at the Suwon Convention Center in Gyeonggi-do, South Korea to provide insights into the latest materials developments and trends. Registration is open.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Real Time with... IPC APEX EXPO 2024: Going Vertical: SCHMID's Advanced Solutions for Printed Circuit Boards
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont chats with Bob Ferguson, the president of SCHMID, about advanced solutions for PCBs and the equipment they are highlighting at this year's show. He delves into vertical no-touch handling systems and the prospect of achieving sub-10-micron lines. Inspired by SCHMID's technology, Bob expresses excitement about where the industry is today.
Big Win for Defense Production Act Budget Allocation in FY24 Budget
04/23/2024 | I-Connect007 Editorial TeamOne year ago, President Biden issued a determination that chips and packaging are critical for national security. Since that time, much work has been done to continue the conversation in Washington, elevating the importance of the entire chips value chain, and including printed circuit boards and substrates, without which chips cannot operate.
Zentech’s Board of Directors Announces the Return of Matt Turpin as President and CEO
04/22/2024 | Zentech ManufacturingTurpin draws upon over 35 years of experience in the electronics industry and has an 18-year history with Zentech. He previously served as President and CEO from 2006 to 2019 after which time he has remained active in the EMS industry as an advisor to Zentech and other industry organizations.