South Korea, Singapore, New Zealand and Australia are the most IoT prepared countries for the IoT, according to IDC.
The research firm’s Asia Pacific (excluding Japan) IoT Readiness Index ranked 13 APeJ nations (mix of developed and developing) across 13 critical parameters such as economic stability, technology spends, innovation potential, etc. as articulated in the global G20 study.
While globally United States, South Korea and United Kingdom led this model, in the region the top three countries are South Korea, Singapore and New Zealand respectively. These have the most efficiencies for nationwide IoT adoption across all criteria.
APeJ comprises a significant portion of spend in the IDC IoT Spending guide. The regional economies provide a rich diversity and quality of overall economic stature, business readiness, and technological preparedness along with different levels of efficiencies that loT solutions can create.
“Countries are keen to demonstrate their relative digital competitiveness, and as such are looking to The Internet of Things as one of those initiatives,” IDC associate vice president for the IoT in APeJ Hugh Ujhazy said.
“Knowing where a country stands in the IoT index will help global and local IT vendors know what opportunities lie ahead of them as they line up their strategies at federal, local, and enterprise levels.”