Internet of Things spending in Asia-Pacific reaches $4.8 million: Report

The average annual spend on the Internet of Things (IoT) among enterprises in the Asia-Pacific region reached $4.8 million, up 12 per cent from 2017, shows a new report on Wednesday.

Globally, the average annual spend on IoT increased four per cent year-over-year, showed the findings of the "Intelligent Enterprise Index" report released by Zebra Technologies, a global leader in providing solutions and services to enterprises.

The Index is a survey that measures where companies are on the journey to becoming an "intelligent enterprise".

An intelligent enterprise is the one that connects the physical and digital worlds to drive innovation through real-time guidance, data-powered environments and collaborative mobile workflows.

"Based on our second annual Index, it's clear that more companies acknowledge the value of leveraging IoT strategies, and they will continue to propel adoption and investment in the future," said Sanjay Nare, Pre-Sales Head - India and Sub-Continent, Zebra Technologies.

By scoring more than 75 points on the overall Index, the number of companies globally defined as an "intelligent enterprise" doubled to 10 per cent in 2018.

The average Asia-Pacific score increased from 49 points in 2017 to 63 points in 2018.

In Asia-Pacific, there was a major spike in the number of companies that were rated as truly "intelligent" - moving up to 22 per cent this year, from just two per cent last year, the findings showed.

The report revealed an 18 percentage point increase in the number of companies that are constantly - versus routinely - monitoring their IoT security to ensure privacy and integrity.

In Asia-Pacific, the increase was 20 percentage points from a year ago.

Corresponding to the growth of IoT adoption and spending in Asia-Pacific, Technologies also introduced Savanna - a data intelligence platform in India.

Savana aggregates and analyses raw edge data from Zebra's products and intelligence infrastructure, as well as select third-party devices to deliver real-time insights.

(With inputs from agencies.)