Internet of Things refers to a network that comprises of physical objects that are capable of sharing and gathering of electronic information. The internet of things consists of a diversified variety of smart devices, from the sensors which track the information to the industrial machines, which transmits the data about the production process. It represents the electronic or electrical devices of different capabilities and sizes which are connected to the internet. The internet of things devices employs a wide array of networking protocols, network domains and applications. The rising prevalence of internet of things technology is facilitated by the physical objects being linked to the internet by several types of short-range wireless technologies that include RFID, ZigBee, sensor networks, and also through the location-based technologies.

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The development of smart cities coupled with the rising implementation of policies by the government pertaining to the information security for the smart cities in Taiwan are key factors bolstering the growth of internet of things across the country during the forecast period. In addition, the factors driving the growth of Taiwan internet of things market include the rising efforts for the development of a digital and innovation-driven economy along with increasing investments in the research and development activities in the field of internet of things. The manufacturing industry in Taiwan is considered to be the core component of the country’s economy and is inclining towards smart manufacturing as a keystone of its modern economy which is leading to increase in demand for internet of things across the country. For instance, Taiwan launched a Digital Nation and Innovative Economic Development Plan (2017-25) which has the aim to increase the digital economy of Taiwan up to USD 205.9 billion by 2025. In this plan, Taiwan is planning to transition its way from the OEM and high-tech manufacturing towards the of internet of things and smart technologies. The increasing adoption of the internet of things around numerous areas, including automotive, smart cities, healthcare, is also fuelling the growth of Taiwan internet of things market. The factors which are responsible for restraining the growth of Taiwan internet of things market include concern for data privacy concerns along with the complexity in the infrastructure of internet of things.

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On the basis of component, platform is anticipated to grow at a higher rate during the forecast period as it is the core component of every deployment of internet of things which brings together connectivity, software, hardware and application layer for offering an efficient solution for the device management and configuration, data analysis and collection, enablement of applications along with the connection with the on-site server or the cloud. The factors that affect the performance of platform in IoT include scalability, security, ease of use and interoperability. The proper device management in internet of things is an essential part of any successful IoT solution. It helps the solution provider of internet of things in authenticating, configuring, maintaining and monitoring the IoT devices.

Based on node component, sensor segment is anticipated to increase at a higher rate during the forecast period owing to the increasing consumption of sensors in IoT devices. The rise in adoption of internet of things in the country is also driving the growth of this segment. A sensor is a major component of a system of internet of things as it enables the internet of things by collecting the data for smarter decisions and is used for detecting the changes and events in its environment and then send the information to the devices.

On the basis of application, smart manufacturing is expected to grow at a higher rate over the forecast period as it entirely relies on the internet of things connected devices, big data, data analytics, sensor technologies and artificial intelligence and these technologies are used for optimizing the process of manufacturing, assisting the manufacturers and also increase the safety of the workers.

Based on network infrastructure, gateway is anticipated to increase at a higher rate during the forecast period due to it’s increased adoption in iot devices as it provides additional security for the IoT network and the data it transports. As the gateway manages the flow of information that is moving in both directions, it can protect the data moving to the cloud from leaking hence providing security and the prevention of unauthorized which also lead to the growth of market of this segment. The data transfer to the cloud or vice versa goes from the gateway.

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Various notable players operating in the Taiwan Internet of Things market include Microsoft Corporation, Intel Corporation, IBM Corporation, Google, Siemens AG, Hewlett Packard Enterprise, Amazon Web Services, Cisco Systems, Oracle Corporation and SAP SE among others.

Key Market Developments: 

• • In 2019, Amazon Web Services announced the setup of its Greater China Area AWS internet of things lab in Taipei. Through this setup, the company aimed at the deployment and design of internet of things applications in the country.
  • In 2018, Siemens AG announced the plan to double the investment in research and development center in Taiwan for addressing the growing demand for the industrial internet of things solutions and artificial intelligence technology. The company also planned to launch a digital experience and application center in Taichung.

Taiwan Internet of Things market is categorized on the basis of component, node component, application, network infrastructure and connectivity technology. The component segment is categorized into software solution, services and platform. The software solutions segment is further categorized into data Management, real time streaming analytics, remote monitoring, security solution and network bandwidth management. Services segment is further categorized into professional service and managed service. The professional service is further segmented into deployment & integration, consulting and support & maintenance. The platform segment market is further categorized into device management, cloud platform, network management and application management. Based on node component, the market is segmented into sensor, processor and connectivity IC. Based on application, the market is segmented into smart manufacturing, building & automation, connected logistics, smart energy & utilities, agriculture, smart mobility & transportation, government & defense, smart retail, connected healthcare and others. Based on network infrastructure, the market is segmented into storage, server, ethernet switch & routing and gateway. Based on connectivity technology, the market is segmented into Bluetooth low energy, wi-fi, near field communication, cellular, satellite and others.

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Key questions answered in this research report:

• • At what pace is the Taiwan Internet of Things market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Taiwan Internet of Things market? What will be the impact of drivers and restraints in the future?
  • What are the various application areas of the Taiwan Internet of Things market, and how they are poised to grow?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Component, By Software Solution, By Service, By Platform, Node Component, By Application, By Network Infrastructure and By Connectivity Technology
Companies Profiled	Microsoft Corporation, Intel Corporation, IBM Corporation, Google, Siemens AG, Hewlett Packard Enterprise, Amazon Web Services, Cisco Systems, Oracle Corporation and SAP SE, among others
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Taiwan Internet of Things Market by Component

• • Software Solution
    • Data Management
      • Product Data
      • Location Data
      • Customer Data
      • Supplier Data
      • Asset Data
  • Real Time Streaming Analytics
  • Remote Monitoring
  • Security Solution
    • • Data Encryption and Tokenization
      • Distributed Denial of Service Protection
      • Identity Access Management
      • Secure Communications
      • Others
  • Network Bandwidth Management
    • • Bundled Network Management
      • Standalone Network Management
  • Services
    • • Professional Service
        • Support and Maintenance
        • Deployment and Integration
        • Consulting
      • Managed Service
  • Platform
    • • Device Management
      • Cloud Platform
      • Network Management
      • Application Management

Taiwan Internet of Things Market by Node Component

• • Sensor
    • Inertial Measurement Unit
    • Accelerometer
    • Pressure Sensor
    • Image Sensor
    • Others
  • Processor
    • Microprocessor
    • Microcontroller
    • Application Processor
    • Digital Signal Processor
  • Connectivity IC
    • Wireless
    • Wired
    • Logic Device
    • Memory Device

Taiwan Internet of Things Market by Application

• • Smart Manufacturing
  • Building & Automation
  • Connected Logistics
  • Smart Energy & Utilities
  • Agriculture
  • Smart Mobility & Transportation
  • Government & Defense
  • Smart Retail
  • Connected Healthcare
  • Others

Taiwan Internet of Things Market by Network Infrastructure

• • Storage
  • Server
  • Ethernet Switch & Routing
  • Gateway

Taiwan Internet of Things Market by Connectivity Technology

• • Bluetooth Low Energy (BLE)
  • Wi-fi
  • Near Field Communication
  • Cellular
  • Satellite
  • Others

Leading market players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Microsoft Corporation
  • Intel Corporation
  • IBM Corporation
  • Google
  • Siemens AG
  • Hewlett Packard Enterprise
  • Amazon Web Services
  • Cisco Systems
  • Oracle Corporation
  • SAP SE