Dublin, May 30, 2019 (GLOBE NEWSWIRE) -- The "Global Internet of Things Policies, 2018" report has been added to ResearchAndMarkets.com's offering.
The Internet of Things (IoT) has been introduced to solve a variety of business challenges faced by enterprises in the following categories: 1) visibility and insights, 2) optimization of business processes, 3) tracking of assets, 4) monitoring of assets and environment, 5) improved customer engagement, 6) enabling new services, 7) enabling new business models, and 8) automation. This report provides in-depth knowledge about the fundamental elements that governments should provide so that the private sector can invest in IoT. The report details the policies that the different governments have been adopting with respect to the 8 elements above.
Policies are covered for the following regions: The European Union, the United States, India, China, Japan, Singapore, Malaysia, the Philippines, Thailand, Vietnam, and Indonesia. This research also contains a benchmarking index for each of these countries with respect to the policies developed.
IoT will change the way end users expect to consume products and services and how they measure services outcomes. Traditional services offered are not personalized, but this is changing with IoT as it provides the ability to cater services to suit individual needs. IoT is also changing the way enterprises are offering products and services to end users. Organizations offering IoT-enhanced services will increasingly adapt their business model towards a service-oriented and outcome-based pricing model while having to engage with an ecosystem approach to offer an end-to-end service that might span multiple domains.
Governments across The Association of Southeast Asian Nations (ASEAN), as well as from the other parts of the world, have realized that the volume of IoT devices is going to increase exponentially in their respective countries. This has forced them to think about drafting laws and developing an ecosystem for IoT to flourish in their respective countries. The European Union's General Data Protection Regulation (GDPR) came into effect in May 2018 and represents a paradigm shift with respect to data protection. It is likely to form a model for new data privacy rules in other jurisdictions. In order to reduce the burden of doing business in the EU for local companies, ASEAN countries must seek to harmonize their data privacy, cross-border transfer, and data security protocols. If they fail to do so, they risk being left behind their global competitors. ASEAN governments should avoid granting privacy exemptions to local firms that handle foreign data because doing so can lead to other countries viewing their privacy and data protection laws as weak and ineffective.
Key Issues Addressed
- What are the fundamental elements that governments should provide so that the private sector can invest in IoT?
- Do the governments of the selected countries actually provide such fundamentals?
Key Topics Covered:
1. Scope
- Scope of the Study
2. Executive Summary
- Key Findings
3. Internet of Things Overview and Nomenclature
- Defining the Internet of Things
- What is Enabling IoT Adoption?
- IoT Taxonomy
- Introduction of IoT Applications and Services into Different Domains
- IoT Finding Its Way into Numerous Domains and Applications
- Major Benefits of the Internet of Things
- IoT Creating Value for End Users
- Value Creation for Organizations Offering IoT
- How is IoT Going to Evolve to Support Business Objectives?
- Major Categories of Stakeholders
- Mapping the Messy IoT Value Chain and Approaches Taken
4. IoT Policy Review
- Questions That Need Answers
5. What are the Fundamental Elements that Governments Should Provide so that the Private Sector Can Invest in IoT?
- Fundamental Elements Governments Should Provide so the Private Sector Can Invest in IoT - Parameters
- Sub-parameters for Infrastructure
- Security, Data Sovereignty, and Privacy Have No Sub-parameters
- Data Privacy Issues Arise from the Collection and Use of Personal and Non-personal Information
- Regulatory Frameworks for Non-personal Data Typically Differ from Those for Personal Data
- Sub-parameters for Policy Framework
- Summary of Parameters and Associated Sub-parameters
6. Examination of the Fundamentals Provided by the Government for IoT Investment - European Union
- Infrastructure
- Data Privacy
- Security
- Data Sovereignty
- Policy Framework
7. Examination of the Fundamentals Provided by the Government for IoT Investment - United States
- Infrastructure
- Privacy
- The US Considering Introduction of a Novel IoT Cyber Security Act
- Security
- Policy Framework
8. Examination of the Fundamentals Provided by the Government for IoT Investment - Japan
- Infrastructure
- Privacy
- Act on the Protection of Personal Information
- Privacy
- Security
- Data Sovereignty
- Policy Framework
9. Examination of the Fundamentals Provided by the Government for IoT Investment - China
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
10. Examination of the Fundamentals Provided by the Government for IoT Investment - Singapore
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
11. Examination of the Fundamentals Provided by the Government for IoT Investment - Malaysia
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
12. Examination of the Fundamentals Provided by the Government for IoT Investment - Indonesia
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
13. Examination of the Fundamentals Provided by the Government for IoT Investment - Thailand
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
14. Examination of the Fundamentals Provided by the Government for IoT Investment - Vietnam
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
15. Examination of the Fundamentals Provided by the Government for IoT Investment - Philippines
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
16. Examination of the Fundamentals Provided by the Government for IoT Investment - India
- Infrastructure
- Privacy
- Security
- Data Sovereignty
- Policy Framework
17. IoT Policy Benchmarking Parameters
- Parameters for Benchmarking - Best Practices
18. IoT Policy Benchmarking Scoring Guide
- Scoring Guide for Benchmarking
- Introduction to Consulting Template
19. IoT Policy Benchmarking Selected Countries
- Benchmarking for Selected Countries
20. Growth Opportunities and Companies to Action
- Growth Opportunity - The Number of IoT Devices Increases Significantly
- Strategic Imperatives for Success and Growth
21. IoT Policy Benchmarking Conclusions
- Conclusions
- Legal Disclaimer
22. Appendix
- List of Exhibits
For more information about this report visit https://www.researchandmarkets.com/r/c0sn1r
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