SE Asia Mag — The Internet of Things (IoT) is a sub-sector of the higher-level concept of the Internet of Everything (IoE), which connects people, processes, data and things, with the aim of bringing maximum value to the global economy. Technologies that have made IoE a reality include short-range communications, embedded intelligence, cloud computing, next-generation networks, sensor technology, Big Data, and data analytics. The popularity of the Industrial Internet of Things (IIoT) in Asia-Pacific is largely attributable to the informed manufacturing, which leads to a transparent and streamlined manufacturing process.
Straits Times — SINGAPORE: The creation of the Asean Economic Community (AEC) has potentially significant consequences for the Singapore economy, say experts. Asean leaders on Sunday established the AEC, one of whose aims is to promote freer movement of trade and capital in the region. The community will come into effect on Dec 31.
Notwithstanding the economic headwinds which have slowed down the global economy, the revenues of the Indian information technology (IT) and services industry are expected to be around $225 billion by 2020 and $350 billion five years later, the National Association of Software and Services Companies (NASSCOM) said.
The Internet of Things (IoT) is expected to continue its transformative potential across industries in the foreseeable future. This momentum is expected to continue in 2016, with services expected to lead spending in the IoT space. Frost & Sullivan estimates the IoT market to be valued at US$24.2 billion in 2015 and will reach US$79.3 billion in 2020 with a CAGR of 26.8% from 2015 to 2020, with services accounting for nearly three quarters of the market in 2020.
SBR — Singapore is the world’s leader in the ease of doing business. The city-state’s unmatched global and regional connectivity, its highly productive workforce with a mix of local and foreign talent, and a business-friendly regulatory environment have made Singapore the go-to destination for global businesses. Entrepreneurs looking to kickstart their ventures in 2016 should consider these six sectors:
Digi Times — Gartner has said it forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30% from 2015, and will reach 20.8 billion by 2020. In 2016, 5.5 million new things will get connected every day. The Internet of Things (IoT) will support total services spending of US$235 billion in 2016, up 22% from 2015.
Times of India — NEW DELHI: India’s e-commerce market is expected to witness significant uptrend in the coming years and touch $200 billion in terms of gross merchandise value (GMV), says a Bank of America Merrill Lynch report. The global financial services major said the e-commerce sector’s GMV forecast is likely to increase on improving telecom infrastructure, faster adoption of online services and better variety and convenience and the number of shoppers is likely to touch 530 million.
Times of India — BEIJING: China’s online retail sales fired by firms like Alibaba are expected to rise to $1.6 trillion by 2020 emerging as one of the main growth engines for the Chinese economy, a report said. The e-commerce sales will have penetration rate doubling from the 2014 level to 22%, a report by Bain&Company and Alibaba said.
Computer Weekly — IoT deployments are in their early stages in the Asean region, but experts predict as take-up of IoT apps increases it will have a big impact on IT infrastructures in the region. It might be early days for internet of things (IoT) deployments in the Association of Southeast Asian Nations (Asean) region, but experts believe they will have a deep impact on the cloud landscape across the wider Asia-Pacific (Apac) area it is part of.
Digi Times — Shipments of smartphone-use application processors in China are expected to grow 14.6% sequentially to 161 million units in the fourth quarter of 2015 as handset vendors are building up inventories to meet year-end seasonal demand in the US and Europe, according to Digitimes Research.
Digi Times — Global notebook shipments (not including detachable 2-in-1 products), are expected to drop 17.5% on year and 5.3% sequentially in the fourth quarter as most notebook vendors already completed their inventory preparation for the year-end holiday sales in the third quarter and are still conservative about overall demand in the fourth quarter, according to the latest Digitimes Research quarterly notebook report.
BD Live — HONG KONG/SHANGHAI — Alibaba Group’s bet on data technology is driving greater investment in areas including ways to protect user privacy as it battles Amazon.com for customers globally. The AliCloud unit of China’s biggest e-commerce operator has partnered with Foxconn Technology Group for a startup incubator programme, according to an e-mailed statement on Wednesday.
Times of India — NEW DELHI: Consumers are expected to splurge about $8 billion (Rs 52,000 crore) on online shopping this festive season, translating into 40-45% sales increase for e-commerce players, says an ASSOCHAM study. “Wooed by heavy discounts and combo offers, consumers are expected to splurge about $8 billion (Rs 52,000 crore) during this season, beginning with Navratras, Durga Puja, Dussehra, Diwali and Christmas,” the industry chamber said.
Times of India — NEW DELHI: Despite new challenges in the digital space, the Indian technology and services industry is on-track to reaching its goal of $225 billion in revenue by 2020 and further $350 billion by 2025, Nasscom chairman BVR Mohan Reddy said on Monday. “The industry is well on track. We will achieve the target of $225 billion revenue by 2020 and $350 billion by 2025,” Reddy told reporters at a press meet.
Geek Wire — Xi Jinping, the president of China, will be in Seattle on Tuesday and Wednesday of this week, meeting with U.S. tech companies and other business and government leaders before heading to Washington, D.C., for a high-profile state visit with President Obama on Thursday. In the short term, the biggest impact most of us will see is on traffic.
Digi Times — The top-four Taiwan-based notebook ODMs all saw their profits decline significantly in the second quarter of 2015, and it still remains unclear if they can turn around in the second half of the year amid slowing economic growth globally. Wistron, a front-runner in terms of profitability, saw its net profits sink 89.4% sequentially to NT$77 million in the second quarter of 2015. The earnings translated into an EPS of NT$0.03, the lowest quarterly earnings since the third quarter of 2004.
Enterprise Innovation — The Internet of Things (IoT) could deliver economic gains in China of up to $1.8 trillion in cumulative Gross Domestic Product (GDP) by 2030, according to new research from Accenture. Published at the World Economic Forum’s Annual Meeting of New Champions 2015, the report noted, however, that the potential gains are at risk due to challenges in infrastructure, data policy and talent.
PRNewswire — LONDON: India sensors market is one of the fastest growing markets in Asia-Pacific. Rising security concerns and growing trend towards miniaturization are shifting the focus of consumers to smart devices, which make extensive use of various sensors, in particular, touch and image sensors. Increase in sales of consumer electronics and medical devices is also contributing to growth of sensors market in the country.
PRNewswire — LONDON: India mobile middleware market is one of the fastest growing markets across Asia-Pacific. Increasing need for real-time integration of data over mobile enterprise applications, growing number of wireless protocols and rising adoption of cloud-based applications are the leading factors driving the need for secure, reliable and efficient communication.
Digi Times — Global tablet shipments are expected to decline 15% on year to reach 51.88 million units in the third quarter as the mobile device market continues to see weak demand despite vendors’ inventory preparation for the year-end holidays, the launch of Windows 10 and growth in the 4G services market. However, China-based white-box players will see a 15% growth from the second quarter because their orders from overseas markets will recover, boosting their combined shipments to over 19 million units, according to Digitimes Research’s latest report on the global tablet market.