Singapore, South Korea, and New Zealand are the top three countries in the Asia Pacific excluding Japan (APeJ) region that are most capable and ready for the Internet of Things (IoT), according to IDC's APeJ Nations and IoT: A Comparative Assessment report.
"Countries at the top of the index are more likely to have adaptability for efficiencies that IoT solutions can create, be more conducive for business and product innovation, and more likely to have access to the technologies that align with IoT use cases," said Hugh Ujhazy, associate vice president for the IoT research at IDC Asia Pacific.
The report assesses APeJ countries' capabilities to sustain the adoption of IoT and accelerate the development of IoT solutions. The top three countries ranked well in all measures of stature, business readiness, and technological preparedness.
South Korea topped the list with its innovative and strong business environment that makes it attractive for investors. It also performs well on its current IoT spending.
Meanwhile, Singapore's cloud infrastructure, broadband penetration, and ease of doing business and startup/business-friendly environments are facilitating IoT growth. The same goes to New Zealand with its government effectiveness, ease of doing business and startup procedures, regulatory quality, and innovation.
"Knowing where a country stands in the loT index will help global and local IT vendors identify the opportunities that lie ahead of them as they line up their strategies at federal, local, and enterprise levels," Ujhazy added.
The report also benchmarked the IoT capabilities of China, Taiwan, Hong Kong, Australia, India, Malaysia, Thailand, Indonesia, Philippines and Vietnam.
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