China is projected to maintain its position as the dominant market for GenAI, while Japan and India are set to become the most rapidly expanding markets in the forthcoming years.

China leads regional security investments, comprising over 40 percent of total spending in 2024, with a 13.5 percent five-year CAGR

The IoT CoE has been formed to assist the enterprises in escalating their operations in an effort to meet the industry’s increasing demand for embedded software solutions and services

The Asia Pacific region will see the fastest growth; six countries forecasted to have the largest GDP growth are in Asia

The benefit is that the Indian industry will be saved from a huge challenge like high-cost for purchasing IoT solutions from the global companies