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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

Huawei has joined Sisvel Wi-Fi 6 patent pool as one of its founding members. This new patent pool provides an avenue for Wi-Fi 6 standard essential patents of Huawei and other innovators to be shared. Huawei has also concurrently become a licensee of the pool.

Read more: Huawei Joins Sisvel Wi-Fi 6 Patent Pool as Founding Member

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