May 17, 2020

5G IoT revenue predicted to reach $8bn by 2025

IoT
5G
William Smith
2 min
New research has suggested revenue from 5G internet of things (IoT) connections will reach $8bn by 2025, up from a relatively paltry $525mn in the current year
New research has suggested revenue from 5G internet of things (IoT) connections will reach $8bn by 2025, up from a relatively paltry $525mn in the curre...

New research has suggested revenue from 5G internet of things (IoT) connections will reach $8bn by 2025, up from a relatively paltry $525mn in the current year.

That’s according to a report by Juniper Research. That 1,400% growth figure is among a number of findings, including the suggestion that, by 2025, 5% of all 5G connections will be from IoT-enabled objects. Additionally, the report predicts that the growth will be chiefly driven by the automotive and smart city sectors, with the two together making up 70% of 5G IoT connections.

5G is essential to the continued growth of IoT, allowing devices to connect together wirelessly at hitherto unprecedented speeds. That speed, coupled with low latency, means the devices of tomorrow have the potential to open up entirely new areas of utility, such as smart public bins that notify authorities when they are full, or car parks that direct drivers to empty spaces in real time.

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Fears remain, however, about the security of the vast amounts of data generated by IoT devices, which are increasingly being brought into the home (think smart speakers) and the workplace (in a smart factory for instance). There’s also the risk of malicious actors hijacking such devices to cause damage.

Commenting, Cesar Cerrudo, CTO at IOActive, said: “Whilst the IoT boom is undoubtedly good for business, increasingly, the physical and cyber realms are converging and opening up new areas of risk. IT systems are controlling so many important aspects of all our lives that when they are attacked there can be serious physical, real world consequences. The growing use of IoT devices, connected cars, SCADA networks controlling critical infrastructure, smart cities, even our connected homes are introducing unpredictable risks that could have a direct impact on public safety. We need to be sure that, as these systems and technologies are introduced, they have been built with security in mind at the design stage.”

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Jul 21, 2021

Bukalapak raises $1.5bn in record Singapore IPO, say sources

Bukalapak
Ecommerce
Indonesia
singapore
2 min
Bukalapak
Reuters is reporting that the Indonesian ecommerce giant Bukalapak has raised $1.5 billion in its IPO, making it Singapore’s largest issue

Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.

Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.

Bukalapak's 50x growth

Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.

Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.

Indonesia is Southeast Asia’s biggest economy.

Indonesia’s four biggest ecommerce companies

Tokopedia
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.

Shopee
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.

Lazada
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.

Bukalapak
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.

Source: Wikipedia

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