May 17, 2020

SAP opens Singapore data centre for APAC digital commerce

Data Centres
E-Commerce
William Smith
2 min
German enterprise software multinational SAP has announced the opening of its latest data centre
German enterprise software multinational SAP has announced the opening of its latest data centre.

Located in Singapore, the data centre is intended to...

German enterprise software multinational SAP has announced the opening of its latest data centre.

Located in Singapore, the data centre is intended to support deployment of SAP Commerce Cloud in the APAC region, which provides businesses with a unified ecommerce solution. Said to work in tandem with existing centres in Australia, China and Hong Kong, the combined effect is lower latency and better performance for the platform.

SAP Commerce Cloud is advertised as an “end-to-end” solution, enabling companies to offer features such as cart checkout and promotions, as well as supporting varied retail models such as business to consumer or business to business.

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In a press release, the company enthused about the potential of the APAC region, quoting figures suggesting digital commerce sales in the region are expected to grow by 14.2% year on year. Such growth would see total sales of $1.2trn in 2019, and $1.77trn by 2022. Southeast Asia (SEA) is undergoing particularly momentous growth, as a report co-authored by Google emphasised, with its internet economy expected to be worth $300bn by 2025.

Atul Tuli, vice president of SAP Southeast Asia said in the press release: “APAC’s digital commerce environment offers businesses unprecedented growth opportunities and with our goal of helping our customers master their transition to the experience economy, the region has become a key market for SAP. With the new Singapore Data Centre, we will be better positioned to support our customers as they tap into our best-in-class commerce cloud solution.”

SAP’s Commerce Cloud comes as part of its broader Customer Experience offering, C/4HANA, with functionality in regions such as marketing, sales and customer data.

The news comes on the heels of the stepping down of former CEO Bill McDermott, who has been replaced by new co-CEOs Jennifer Morgan and Christian Klein.

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Jul 30, 2021

IoT market expected to grow due to increase in IoT use cases

IoT
Internet of Things
market growth
Catherine Gray
3 min
The Internet of Things (IoT) service market is expected to grow at a rate of 24% through 2025 according to a report by The Business Research Company

An increase in the internet of things use cases is expected to drive the IoT service market, according to the IoT Services Global Market Report 2021: COVID-10 Growth and Change to 2030.

IoT has found its use in many areas over the years. It can be used in manufacturing, farming, smart cities, transportation and in many other industries and fields.

Due to the fact it can be utilised in many industries, there is an increased need for IoT services and applications. IoT services that provide support by delivering services such as consulting, data management, network management and security services, are in much higher demand.

The impact of COVID-19 on the IoT services market

According to the report, the global IoT services market is expected to grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%.

In the coming years, the IoT managed services market size is expected to reach $381.16 billion in 2025 at a CAGR of 24%.

This growth lends itself to companies resuming operations and adapting to the new normal as we emerge and recover from the pandemic.

Previously, COVID-19 restrictions led to restrictive containment measures, remote working and the closure of commercial activities that resulted in operational challenges.

IoT use cases driving growth

The IoT services market consists of the sales of IoT services and their related products. IoT services are delivered by the IoT services providers. These providers provide consulting, security and analytics services as per the requirements of the business.

Major players in the IoT services industry are Cisco Systems, Cognizant, Google, Infosys and Tieto Corporation, to name a few.

An increase in IoT use cases is expected to drive the IoT service market; this is where IoT can be used to automate processes and increase productivity. As it has found many uses cases over the years, this increases the demand for IoT services and this is expected to drive growth.

Enhancing deployment workloads with edge or cloud computing

Despite the expected growth, low enterprise adoption is expected to hinder the IoT services market. Although IoT has its use in many industries, due to factors such as low awareness, enterprise adoption is low, the report states.

Only 29% of enterprises have adopted IoT solutions according to the Omida data survey.

Edge or cloud computing however is enhancing the deployment workload on IoT devices, according to the report. This solution facilitates data processing and data storage in the cloud.

Microsoft released its Azure IoT Edge recently. This fully managed service is built on Azure IoT Hub. By moving certain workloads to the edge of the network, businesses that utilise Microsoft’s IoT platform spend less time communicating with the cloud, react more quickly to local changes and operate reliably in extended offline periods. 

The IoT Services Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides an IoT services market overview

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