The IoT Market Potential
Malaysia is expected to fulfil its targeted GDP growth rate of 5.1% projected under the 11th Malaysian Plan (2016 – 2020). Digital Transformation and the adoption of IoT Technologies will be key to unlocking future potential growth. With IoT growing to be an integral part of the digital economy, agriculture, healthcare, manufacturing and transportation are sectors that are identified to have the most potential for IoT deployment. To boost Malaysia’s manufacturing sector, the National Industry 4.0 Framework was put in place to provide a concerted and comprehensive transformation agenda.
Other initiatives under the 11th Malaysia Plan include:
1) National eCommerce Strategic Roadmap – The National eCommerce Council (NeCC) was established to drive implementation of the roadmap objective of doubling Malaysia’s eCommerce growth rate and reach a GDP contribution of RM 211 billion by 2020
2) Digital Free Trade Zone – USD$62.8 million Government grants provided; USD$65 billion worth of goods to flow through by 2025
3) Smart Cities – The aim is to incorporate IoT into the city and accelerate the progression of the digital economy. Smart Cities initiatives are being implemented in populated cities and states such as Kuala Lumpur and Selangor to test out urban management solutions
Celcom Axiata allocates RM100m for IoT (The Malaysian Reserve)(Photo: The Malaysian Reserve) Celcom Axiata Bhd will be investing RM100 million for the next five years to develop its…
Summary of Discussions from Asia IoT Business Platform 2019, SingaporeAsia IoT Business Platform hosted 2019 launchpad regional event in Singapore on 15 January 2019, gathering government representatives and key enterprises…
SG’s IoT startup Overdrive raises $2.9m Series A funding from Tin Men Capital (Deal Street Asia)Singapore-based industrial IoT platform Overdrive has raised $2.9 million in Series A funding from venture capital firm Tin Men Capital.…
The Advisory Board is made up of key IoT stakeholders from the public and private sectors and across the IoT supply chain. The esteemed Advisory Board advises on the content, themes, objectives and speakers for the conference to ensure content presented is highly relevant and cutting-edge, offering guidance into overall program development.
This year’s Asia IoT Business Platform programs will focus on concrete discussions between IoT solutions providers and end users to address key challenges and pain points in implementing IoT in businesses. Esteemed speakers from across different industries will be providing insights on issues, challenges, and developments in the IoT landscape in Malaysia.
Sponsorship & Exhibitions Opportunities
Asia IoT Business Platform is a dynamic business program that helps you to understand more about the enterprise IoT market in Malaysia as well as the needs and challenges of your potential clients and partners. Leverage the program to establish important connections for your business development in Malaysia.
The 21st edition of Asia IoT Business Platform in Malaysia brought over 500 senior stakeholders from government, telecommunications, manufacturing, logistics, transportation, healthcare, finance, and other relevant sectors to explore the possibility of adopting IoT solutions for business efficiency.