COVID-19 to push A/NZ IoT market past $14B during 2021
Flagged to grow at a CAGR of 9.5 per cent through to 2025. Credit: Dreamstime
The ongoing COVID-19 pandemic is set to create the perfect storm for the internet of things (IoT) market during 2021, which is estimated to surpass US$14.3 billion by the end of the year.
According to analyst firm IDC, is this a yearly growth of 10.4 per cent. It s also expected to keep growing, with a compound annual growth rate (CAGR) of 9.5 per cent through to 2025.
Backing this growth is rising demand for smart devices, digital infrastructure, automation and growing government initiatives, which have all stemmed in the fallout of the coronavirus pandemic, IDC VP of telecom and IoT in Asia Pacific excluding Japan Hugh Ujhazy claimed.
ANZ IoT spending to reach US$14 3 billion: IDC crn.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com.au Daily Mail and Mail on Sunday newspapers.
India to be top spender on security solutions in APAC in 2021
By IANS |
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DATA. (File Photo: IANS). Image Source: IANS News
Singapore, April 25 : Driven by increased cloud adoption and massive work-from-home migration, Australia and India will account 26 per cent of the overall security spending in the Asia-Pacific region in 2021, according to the IDC.
Australia and India are the next two largest countries in terms of security spending due to the presence of large number of businesses catering to domestic as well as international customers.
Overall, spending on security hardware, services, and software in Asia/Pacific is expected to reach $23.1 billion in 2021 - an increase of 12.6 per cent over the previous year.
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Asia Pacific security spend to hit US$23.1B this year
The anticipated security investment in the region this year represents an increase of 12.6 per cent over the previous year. Credit: dreamstime
This year looks to be a good one for partners in the information security game, with spending on security hardware, services and software in the Asia Pacific region expected to reach US$23.1 billion in 2021.
According to the latest figures by industry analyst firm IDC, the anticipated security investment in the region this year represents an increase of 12.6 per cent over the previous year.
Asia Pacific security spend to hit US$23 1B this year arnnet.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arnnet.com.au Daily Mail and Mail on Sunday newspapers.