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Opportunities and Insights for Communication Service Providers in Malaysia
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The Asia-Pacific ICT sector is getting increasingly mature. Revenue growth from traditional ICT sectors is projected to be flat and participants can no longer rely on their core areas to increase shareholders' value. Hence, there is a need for new sources of revenue to stay relevant. IoT offers opportunities for ICT companies to transform industries by leveraging on technology as an enabler of growth. IoT in the Asia-Pacific region is projected to grow at a CAGR of 35.1% between 2014 and 2020. Countries in Southeast Asia will be expected to reap the highest growth rate between 40 to 49%. IoT in Malaysia is expected to benefit from various government-driven initiatives, with Smart Transportation and Smart Energy leading this area.
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