The IoT Market in Singapore
Singapore recently saw the roll-out of the Narrowband IoT (NB-IoT) network by M1, one of the country’s telecommunications provider. The network, which is the first of its kind in Southeast Asia and the second in the world, is a connectivity standard backed by telcos and the GSM Association that will catalyse the progress of Singapore’s digital economy.
The project is set to be a turning point for the country’s Smart Nation initiative and digital transformation efforts as M1 begins collaboration with Keppel Electric to test an NB-IoT-based energy management meter that will enable businesses and consumers to track their energy consumption, on top of other IoT applications such as flood monitoring, fleet management, and waste management.
According to data from Analysys Mason, total IoT revenue in Singapore is projected to be $714 million in 2025, of which connectivity and services will account for $95 million while applications will account for $349 million. The numbers signal Singapore’s position as the epicenter and hub for IoT technology in ASEAN as infrastructures have been laid out to support IoT deployments in both the public and private sectors.
Dr. Vivian Balakrishnan, Minister-in-Charge of the Smart Nation initiative, revealed various plans over the next couple of years to support the initiative. This includes equipping the workforce with data science and future skills, helping small-medium enterprises (SMEs) to build stronger digital capabilities, and facilitating the road to a cashless society, among many others.
The 20th edition of Asia IoT Business Platform returned to Singapore for the second time on 26-27 February 2018. The program showcased the best of ASEAN’s enterprise digital transformation efforts through use cases of IoT deployments in the region and key developments and opportunities for solution providers targeting enterprise adoption of IoT technology in the region.
Singapore deepens digital capabilities through Singtel Innovation Centre (Channel Asia Singapore)(L-R): Bill Chang (Singtel); Chua Sock Koong (Singtel); Heng Swee Keat (Minister for Finance) and Simon Israel (Singtel) (Photo: Channel…
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The 20th edition of Asia IoT Business Platform in Singapore featured leading IoT thought leaders from across ASEAN to share more on the latest IoT developments in the region, as well as use cases of the best of ASEAN’s digital transformation efforts.
Sponsorship & Exhibitions Opportunities
Asia IoT Business Platform is a dynamic business program that helps you understand more about the enterprise IoT market in ASEAN 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 the region.
The 20th edition of Asia IoT Business Platform in Singapore brought together senior IoT stakeholders from the Government, telecommunications, manufacturing, logistics, transportation, healthcare, finance, and other relevant sectors across ASEAN to explore the possibility of adopting IoT solutions for business efficiency. View the participant snapshot here.