Taiwan IoT market is expected to witness a significant growth with the CAGR of approximately 23.8% during the forecast period. IoT adoptions are one of the major breakthroughs in Taiwan. The country has implemented smart cities technology in a most effective manner in the area of transportation. Various advancements such as establishment of a nationwide electronic toll collection system (ETC) and evolution of a cash reloadable smart transportation card (EasyCard) in country are driving the market. Additionally, increasingly monitors parking spaces electronically as well as installation of an embedded chip in its national health card that contains the cardholder’s full medical history are some top IoT technological innovations in the country. These technologically advanced solutions acts as an integral to Taiwan in moving up the global value chain.
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Taiwan IoT market is segmented on the basis of infrastructure, vertical, and application. Based on the infrastructure, the market is segmented into platform, mobile networks and access technologies, cloud solutions/storage and processing, analytics, and security. Based on the vertical, the market is segmented into healthcare, energy, public & services, transportation, retail, individuals, and others (manufacturing). Healthcare segment includes health, pharmaceuticals segment, and biotechnology. Public & Services includes government, BFSI, others (hospitality and entertainment).transportation segment include aerospace, automotive, rails and systems, and marine. Further, based on the infrastructure, the market is segmented into smart home, smart wearable, smart cities, smart grid, IoT industrial internet, IoT connected cars, IoT connected healthcare, and others (toys and drones).
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Some of the major players operating in the Taiwan IoT market include Dell EMC, Apple Inc., AT&T Inc., and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in Taiwan market.
Market Segmentation
Taiwan IoT Market by Infrastructure
- Platform
- Mobile Networks And Access Technologies
- Cloud Solutions/Storage And Processing
- Analytics
- Security
Taiwan IoT Market by Vertical
- Healthcare
- Health
- Pharmaceuticals Segment
- Biotechnology
- Energy
- Public & Services
- Government
- BFSI
- Others (Hospitality And Entertainment)
- Transportation
- Aerospace
- Automotive
- Rails And Systems
- Marine
- Retail
- Individuals
- Others (Manufacturing)
Taiwan IoT Market By Application
- Smart Home
- Smart Wearables
- Smart Cities
- Smart Grid
- IoT Industrial Internet
- IoT Connected Cars
- IoT Connected Healthcare
- Others(Toys And Drones)
Company Profiles
- Dell EMC
- Apple Inc.
- Amazon Web Services
- AT&T Inc.
- Blackberry
- Cisco systems Inc.
- HCL Technologies
- Ericsson
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