Internet of Things in ASEAN Manufacturing

Internet of Things in ASEAN Manufacturing

IDC, Date of Publication: Jun 2, 2016, 36 Pages
US$4,500.00
IDC-AP41336816

This IDC Presentation provides insights into the use of Internet of Things (IoT) in ASEAN manufacturing. It covers the macrotrends in manufacturing, technology investments across the various manufacturing value chains, business priorities and drivers driving IoT technology, and several case studies on IoT diffusion in ASEAN manufacturing. The report also provides a set of key actionable recommendations for manufacturing organizations/end users and IT vendors/service providers.

IoT is one of the six innovation accelerators that will play a key role in creating the "Factory of Future." IoT as a technology will aid in bringing all the enabling technologies under one common arch and help in providing the "last-mile connectivity" to both internal and external stakeholders.

According to IDC Manufacturing Insights' Asia/Pacific survey, among the four value chains, brand-oriented value chain (BOVC) organizations will witness a maximum IoT usage of 71%, followed by the technology-oriented value chain (TOVC) at 68% and engineering-oriented value chain (EOVC) at 67%. Remote monitoring and security-related challenges remain the top two drivers accelerating the IoT adoption across the ASEAN manufacturing space. Driven by asset traceability challenges, the growth of IoT adoption is expected to be the highest in asset-oriented value chain (AOVC) with over 10% in the next two years.

With manufacturing contributing to 21.5% of the ASEAN gross domestic product (GDP) and the overall manufacturing IoT spend expected to reach US$15 billion by 2019 at a compound annual growth rate (CAGR) of 10% between 2015 and 2019, the ASEAN manufacturing sector would be a prime area that IT vendors can focus on growing. The growing attention on connected technologies acting as focused differentiators will be driving organizations to adopt IoT, and the overall technology diffusion will determine the impact that manufacturing firms are expected to see in their respective organizational operational efficiencies.

Date of Publication:
Jun 2, 2016
File Format:
PDF via E-mail
Number of Pages:
36 Pages
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