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Singapore IoT market to be worth more than $700 million in 2020, says Nokia

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Singapore IoT market to be worth more than $700 million in 2020, says Nokia

Chan Chao Peh Published on Thu, Jun 16, 2016 / 12:55 PM GMT+8

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SINGAPORE (June 16): The Internet of Things (IoT) market in Singapore is seen to be worth €507 million ($772 million) come 2020.

And nearly half of that, or 45%, will come from businesses that link up their equipment with processes and people. This according to a study by Machina Research and Nokia.

The next biggest segments will be mobility (20%) and followed by Smart City (10%) and retail and services (9%).

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