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After examining internet-of-things investment patterns in Asia Pacific, Forrester found in early 2020 that smart manufacturing and smart infrastructure are the most important markets for IoT consultants,
FREMONT, CA: In early 2020, when Forrester examined internet-of-things (IoT) investment patterns in Asia Pacific (APAC), they discovered that smart manufacturing was the most important market for IoT consultants and next to it was smart infrastructure. However in 2022, they anticipate that smart infrastructure investments will take the lead. Early adopters of IoT and edge technologies have already proved that such technologies may empower smart highways, connected ports, and trains by using sophisticated networks such as 5G. By 2022, they predict smart infrastructure investments to skyrocket, fuelled by a government spending boom in most APAC nations, which will make it a great match.
To alter traffic patterns and alleviate congestion, stakeholders will use data from edge devices and IoT-enabled infrastructure. They plan to use computer vision to provide insights for security applications and also integrate 5G, vehicle-to-everything (V2X), and edge technologies to allow autonomous cars in congested areas like ports and airports. As more governments adopt the COVID-19 treatment, they anticipate them to spend heavily in smart infrastructure to make their country more adaptable in terms of transportation and logistics, robust in public safety and security, and innovative for finding new ways in working and sustainability. Smart meters and predictive grid monitoring will be used by city planners to prioritize providing residents with internet access, addressing public health, and managing key resources such as water, power and lighting. Singapore, for instance, has already announced a S175 million dollars boost to its digitalization program, which includes urban transit management and physically tracking patients in hospitals. They also anticipate that new initiatives will cover a wide range and will make use of a variety of technologies. Managing smart public infrastructures like stadiums and transit hub would necessitate crowd-flow control, building and vehicle management, and safety management. Critical infrastructure operations, such as public utilities, will rely on autonomous technology and a manage from anywhere mandate. In addition, public safety and security will shift from ubiquitous surveillance to the ability to take decisive and prompt action when threatening events occur.