Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Harnessing IIoT to Create Sustainable Manufacturing Growth
* Required Fields
Pay by invoice
The pervasiveness of digital technologies has reached a state of ubiquity in consumer products. Digitisation is gradually penetrating the manufacturing sector in order to produce cheaper and better consumer products. At times of uncertain and volatile economic conditions, manufacturers are seeking competitive advantages by modernising and upgrading their production methods. Industrialised nations such as Germany have paved the way forward in digitising their manufacturing capabilities through Industrie 4.0 or in broader terms, the Industrial Internet of Things (IIoT). This manufacturing transformation is rapidly catching on in Asia-Pacific with Japan, South Korea, and Singapore leading the way. Governments in APAC are looking to IIoT as a viable way to create sustainable manufacturing growth and affirm their role in the global supply chain. However, not all countries in APAC are ready for IIoT. In this study, Frost & Sullivan investigates the role of governments in promoting IIoT in APAC through initiatives, action plans, and funding schemes. As the manufacturing economies in APAC gradually embrace the fourth industrial revolution, bridging the gaps in infrastructure capacity is a prominent factor. Profiles of 8 export-intensive economies in APAC and their “IIoT-readiness” ranking are provided. The latter is a Frost & Sullivan methodology that utilises key economic indicators to objectively rank the Top 8 IIoT-ready countries in APAC. Specifically, this report addresses the following points: • How are governments supporting Industrial Internet of Things initiatives? • Which government agencies are contributing towards the development and deployment of the Industrial Internet of Things? • How much funding is available to manufacturers seeking assistance from public institutions? • Which countries in Asia-Pacific are ready to implement Industrial Internet of Things solutions? • What are the necessary foundations for the implementation of Industrial Internet of Things solutions? • How will the Industrial Internet of Things affect the workforce and what are the government’s responses to this? The outcome of this research pinpoints these strategic imperatives for growth: • IIoT adoption may lead to implementation of Smart Cities initiatives • Solution providers should position themselves to address this opportunity • Spending on IIoT solutions in emerging economies is likely to come from government agencies instead of the private sector • Marketing and business development campaigns should be appropriately aligned. IIoT solutions need to be tailored • Governments need to wholeheartedly follow through on their industrial digitisation plans, otherwise any prior investments will be futile • Whilst the fourth industrial revolution is beginning to take shape, government agencies should keep abreast with innovative developments and prepare for the next paradigm shift
Industrial Air Compressors Market Factbook, Global, Forecast to 2024
Metal 3D Printing Revolutionizing Modern Manufacturing
European Automation and Control Solutions Market in Oil and Gas Industry, Forecast to 2022
Global Enterprise Asset Management Software Market, Forecast to 2022
The Emerging IIoT Start-up Ecosystem—Innovative Start-ups in the IIoT Landscape
Global Programmable Logic Controllers Market, Forecast to 2021
Top Technologies in Advanced Manufacturing and Automation, 2017
Southeast Asia and Australia-New Zealand Motors and Drives Market Outlook, 2017
Donald Trump’s Policy Direction and Analysis of Its Impact on US Manufacturing
Analysis of Global Process Safety Systems Market
agricultural drones market
food preservatives market
smart home market
smart lighting market
fleet management market
Fill in the fields below to receive a sample report
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.