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Trends and Opportunities in the ASEAN and Indian Markets

Source: Compiled by the Industry, Science and Technology International Strategy Center (ISTI) of Industrial Technology Research Institute (ITRI)

In the future, the four main trends in the ASEAN and Indian markets will be population advantage, rising standards of income, digitization, and production model based on regional/short supply chains. The huge demographic bonus of ASEAN and Indian offers a plentiful supply of labor. About one-third of the regional population is concentrated in urban areas so cities are seeing strong growth too. Problems in city management are beginning to surface as well so countries are turning to smart application services to solve city problems. Smart cities in ASEAN and India, however, are mainly concentrated on basic applications. Only a few...