As noted in the discussion of Smart Cities, some industries included in our analysis are advancing rapidly and will become more critical as they evolve, most notably Smart Cities, Cloud and Colocation and Alternative Energy.
โCloud and Colocation growth continues to accelerate,โ noted Gaunt. โHere in Asia, we are right at the beginning of the up curve for core industriesโ cloud adoption and itโs likely that some future critical servicesโthe IoT networks that support Smart Cities and Manufacturing, for exampleโwill develop in the cloud. Cloud and Colocation providers are demonstrating they can deliver a combination of availability and convenience that exceeds what many organizations can achieve on their own and will attract increasingly critical applications in the future.โ
Alternative Energies, which include solar, wind, fuel cells and energy storage, are growing at a rate of as much as 42 percent per year and will play an increasingly important role in protecting industries from over-dependence on the electrical grid in the future. โCurrently, most applications of alternative energy technologies are supplementing utility power,โ noted Nation. โHowever, we are seeing early adopters use Alternative Energy as their primary source of power. The more these technologies can demonstrate their reliability and cost-effectiveness, the more viable this approach will become.โ
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