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Spending on IoT products and services in Australia and New Zealand (A/NZ) is forecasted to exceed $16 billion in 2022, an increase of 13% from 2021, according to IDC's latest Worldwide Semiannual Internet of Things Spending Guide. A/NZ IoT market faces challenges due to rising inflation, chip shortages, trade restrictions, natural calamities and supply chain disruptions. However, despite these challenges, increasing 5G deployment, surging currency rates and maturing adoption of technologies such as AI, cloud and big data together add potential to the IoT deployment in the region. IDC forecasts A/NZ spending on IoT to reach $24 billion in 2026, with a CAGR of 10% for 2021 to 2026.

Read more: A/NZ IoT Spending to Reach $24b in 2026

Hong Kong’s HKT has announced that it entered a strategic partnership with the city’s property company, New World Development, to boost the digital innovation of its expanding operations in Hong Kong and mainland China.

Read more: Hong Kong’s HKT, New World Development Tie Up To Boost Digital Transformation

Toku has become the first telco-service provider in Singapore, and Southeast Asia, to join the global AB Handshake Community. Asia Pacific’s cloud communications and Singapore-licenced telecom service provider, Toku is currently the leading provider of virtual numbers in Singapore, providing 60% coverage of all virtual numbers in the country.

Read more: Toku Steps Up Efforts to Eliminate Call Frauds in Singapore

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