A/NZ Internet of Things (IoT) expects to reach $ 24 billion by 2026, says IDC

SYDNEY, AUSTRALIA, July 12,2022 – Expenditure on IoT products and services in Australia and New Zealand (A/NZ) is projected to exceed $ 16 billion by 2022, an increase of 13% from 2021, according to IDC’s Worldwide Semiannual Internet of Things Spending Guide. The A/NZ IoT market is facing challenges due to rising inflation, chip shortages, limited trade, natural disasters, and the end of chains. However, despite these challenges, increasing 5G deployment, rising financial costs, and the development of technologies such as AI, Cloud, and Big Data add to the capability. the promotion of IoT in the country. IDC forecasts that A/NZ’s spending on the Internet of Things (IoT) will reach $ 24 billion by 2026, with a projected annual growth rate (CAGR) of 10% for 2021-26.

“The role of IoT continues to grow as businesses adopt digital technologies and focus on integrating knowledge between processes and applications. Accepting this will need to build. Bridging bridges between industrial technology and IT stakeholders at many levels, ”said Hugh Ujhazy, VP of Telecom & IoT at APEJ. “Those who support the merger predict that the new standard will grow,” he added.

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Powerful and asset-heavy industries such as labor, equipment, and transportation, will continue to be high-performing industries generating IoT results in 2022 and the years projected. These services also account for more than half of all IoT costs. Problems arising from economic, political or medical resources have led organizations to adopt a digital-first system, and increased automation of personal processes may is leading these businesses to invest in IoT. Governments are implementing measures to strengthen the supply chain. The Supply Chain Resilience Initiative is an example in Australia of expanding the country’s supply chain for critical products. Technology, especially IoT and analytics, is a big deal. The industries that will see the fastest growth in 2022 are construction, manufacturing, and the economy. These things take longer to use technology, more work. However, the reduction in assets and the increase in demand for remote or non -remote connectivity are leading to this growth with the onset of economic activity.

IoT usage cases will see the highest spending in 2022 related to entertainment industries such as manufacturing, economic development, smart tourism (electricity), and freight monitoring. The combination of these use cases accounts for more than one -third of total IoT revenue in A/NZ. The use cases that will see rapid revenue growth in 2022 are Bedside Telemetry, Advanced Payment/Shopping, and Maintenance & Field Service.

“Businesses in A / NZ are using their technology to transform digital-first companies. The use of IoT enables empathetic customer experience, dynamic workflows, and improved in collaboration, ”said Sharad Kotagi, Market Analyst at IDC IT Spending Guides, Data and Analytics.

IoT Services will be the largest technology company in 2022 and at the end of the forecast. The integration of IoT into an environment creates challenges related to data security, integration, and digital navigation, increasing reliance on network operators and partners. do something else. The software acquisition is the second largest technology group in 2022 and the fastest growing technology with a five -year CAGR of 11.5%, focusing on demand and sales analytics software. The acquisition of the software will be completed by the acquisition of the machine in 2022, led primarily by the purchase of modules and sensors. Expenditure on the relationship will grow at a 6.1% CAGR over the forecast period and will account for 10.5% of total revenue in 2026.

The Worldwide Internet of Things Spending Guide reports the loss of IoT for 9 countries and 53 countries across 19 technology platforms and 81 so -called usage issues across 19 industries. Starting with this release of IDC Worldwide IoT Spending Guide, IoT service forecasting will be divided into Industrial Implementation, Ongoing IT Services (IT Outsourcing & Support), Other Ongoing Services, Project Oriented and Strategy and System Design at the top level of specifically, in areas, professions, and use cases. This gives technology customers and suppliers a new tool to understand how the plethora of IoT user cases call for similarities, driven by different perspectives. in latency, bandwidth, and data frequency.

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About IDC hiring guidelines

IDC’s hiring guides provide in -depth insight into key technology markets from an external industry, external sector, application case, customer, and technology perspective. Pricing guides are provided in the form of a pivot table or a simple query tool, allowing the user to easily translate relevant information about each market by looking at characteristics and relationships. .

For more information on IDC’s Spending Guides, email Vinay Gupta at vgupta@idc.com

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The International Data Corporation (IDC) is the world’s leading provider of market intelligence, consulting services, and events for the information technology, telecommunications, and consumer electronics markets. With more than 1,100 researchers worldwide, IDC provides global, local, and local knowledge in technology, IT benchmarking and sourcing, as well as professional opportunities and techniques in over 110 countries. IDC’s vision and vision is to help IT professionals, executives, and the publishing community make relevant technology decisions and achieve their business goals. Founded in 1964, IDC is a full -fledged part of the International Data Group (IDG), the world’s leading technology, data, and marketing services provider. For more information about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for news and information.

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