Taiwan IoT Market – Opportunities & Forecast, 2020-2027

 

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Taiwan IoT Market:

The development of smart cities, followed by the increasing implementation of policies by the government related to the information security for the smart cities in Taiwan, are major factors propelling the growth of internet of things across the country in the upcoming years. Furthermore, the factors surging the growth of Taiwan internet of things market include the increasing focus on developing a digital and innovation-driven economy, coupled with growing investments in the research and development activities in the field of internet of things.

The manufacturing industry in Taiwan is the core component of the country’s economy, and is shifting towards smart manufacturing, which is fuelling the demand for internet of things across the country. For example, Taiwan introduced a Digital Nation and Innovative Economic Development Plan (2017-25), which has a focus on the growing digital economy of Taiwan up to USD 205.9 billion by 2025. In this plan, Taiwan plans to change its way from OEM and high-tech manufacturing towards the internet of things and smart technologies. The rising adoption of the internet of things around various areas, including smart cities, automotive, healthcare, is also accelerating the growth of Taiwan internet of things market. The factors hindering the growth of Taiwan internet of things market include concern for data privacy concerns and the complexity in the infrastructure of internet of things.

This report splits the Taiwan IoT Market as follows:

By Component:

·         Software Solution

·         Services

·         Platform

By Software Solution:

·         Data Management

o    Product Data

o    Location Data

o    Customer Data

o    Supplier Data

o    Asset Data

·         Real Time Streaming Analytics

·         Remote Monitoring

·         Security Solution

o    Data Encryption and Tokenization

o    Distributed Denial of Service Protection

o    Identity Access Management

o    Secure Communications

o    Others

·         Network bandwidth management

o    Bundled Network Management

o    Standalone Network Management

By Services:

·         Professional service

o   Support and Maintenance

o   Deployment and Integration

o   Consulting Service

·         Managed Service

By Platform:

·         Device Management

·         Cloud Platform

·         Network Management

·         Application Management

By Node Component:

·         Sensor

o    Inertial Measurement Unit

o    Accelerometer

o    Pressure Sensor

o    Image Sensor

o    Others

·         Processor

o    Microprocessor

o    Microcontroller

o    Application Processor

o    Digital Signal Processor

·         Connectivity IC

o    Wireless

o    Wired

o    Logic Device

o    Memory Device

By Application:

·         Smart Manufacturing

·         Building & Automation

·         Connected Logistics

·         Smart Energy & Utilities

·         Agriculture

·         Smart Mobility & Transportation

·         Government and Defense

·         Smart Retail

·         Connected Healthcare

·         Others

By Network Infrastructure:

·         Storage

·         Server

·         Ethernet Switch & Routing

·         Gateway

By Connectivity Technology:

·         Bluetooth Low Energy (BLE)

·         Wi-fi

·         Near Field Communication

·         Cellular

·         Satellite

·         Others

Competitive Landscape:

The Taiwan IoT market report also scans the competitive landscape and profiles the major players operating in the market including Intel Corporation, Microsoft Corporation, IBM Corporation, Siemens AG, Hewlett Packard Enterprise, Google, Amazon Web Services, Oracle Corporation, SAP SE, and Cisco Systems, among others.

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