Role of Governments in Promoting the Industrial Internet of Things (IIoT) in Asia-Pacific

Harnessing IIoT to Create Sustainable Manufacturing Growth

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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

Role of Governments in Promoting the Industrial Internet of Things in Asia Pacific

Table of Contents

1. Executive Summary
Key Findings
CEO’s Perspective
2. Market Overview
Market Definitions
3. South Korea—Innovation in Manufacturing 3.0
Industry Overview
Action Plans—Innovation in Manufacturing 3.0
Funding Schemes
Flagship Projects
4. Japan—Industrial Value Chain Initiative
Industry Overview
Action Plans—Industrial Value Chain Initiative
Action Plans—Key Concepts of the IVI
Action Plans—Industrial Tourism
Funding Schemes—Investments
Funding Schemes—Subsidies
Flagship Projects
5. China—Made in China 2025
Industry Overview
Action Pans—“Internet +” and “Made in China 2025”
Funding Schemes
Flagship Projects
Government Agencies Associated with Promoting IIoT
6. Taiwan—Productivity 4.0
Industry Overview
Action Plan—Productivity 4.0
Funding Schemes
Government Agencies Associated with Promoting IIoT
7. Singapore—Smart Nation
Industry Overview
Action Plan—Smart Nation
Funding Schemes
Flagship Projects
8. Rest of APAC—Australia, Malaysia, and Thailand
Australia—Industry 4.0 Taskforce
Malaysia—IoT Malaysia
Thailand—Thailand 4.0
9. IIoT Readiness Score—Country Rankings
IIoT Readiness Score
IIoT Readiness Score—Factors
IIoT Readiness Score—Country Ranking in 2017
IIoT Readiness Score—Analysis
Conclusions
10. Growth Opportunities and Companies to Action
Growth Opportunity—Industrial Internet of Things
Strategic Imperatives for Success and Growth
11. The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer
12. The Frost & Sullivan Story


List of Figures & Charts

1. IIoT Programs and Investments by METI, Japan, 2016
2. METI Subsidy Rates for IoT Projects, Japan, 2016
3. Funding for SEI Projects, China, 2012


1. Manufacturing Indicators, South Korea, 2011–2016
2. Creative Economy Budget, South Korea, 2015
3. GDP Growth Rate, Japan, 2010–2015
4. Gross Domestic Product by Industry, China, 2010–2013
5. Industrial Internet of Things Revenue by Segment, China, 2010
6. Total Exports by Commodity, Taiwan, 2012–2015
7. GDP Segmentation, Singapore, 2012–2016
8. IIoT Readiness Ranking in Relation to High Technology Exports, APAC, 2017
9. FDI, Net Inflows (Balance of Payments, Current US$), APAC, 2015



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