New Singapore office, key to help companies enter a potential market with more than 600 million consumers (Asean countries) and reach the thriving economies of Australia, India and China
Smart cities and Internet of things will drive investments in the Asia-Pacific region, that will reach 79,300 million dollars in 2020
Gedeth Network, a Spanish consultancy specialized on global trade and business development, has announced the opening of its new office in Singapore. From this new location, the company will support the growth strategies of foreign companies in the Asean countries (Association of Southeast Asian Nations) and other thriving economies in the Asia-Pacific region, such as Australia, India, China or Japan.
Two of the areas with highest growth will be the development of smart cities and internet of things (IoT). Just in 2016, an investment of 24,200 million dollars in IoT is expected in the Asia-Pacific region, and the figure will grow 26.8% yearly until reaching 79,300 million dollars in 2020, according to Frost & Sullivan.
“Experience and expertise in the smart city and IoT fields are very valuable assets to do business in a region that tries to improve its productivity through education and automation,” Juan Millan, Gedeth Network partner, explains. “Business opportunities are countless for companies that have a real will to invest in markets that, even if they sound far and unknown, are probably nearer than we think.”
There are interesting business opportunities in the field of construction -such as housing, shopping malls, infrastructure-; in the use of disruptive technology in smart cities and IoT -particularly with regards to energy efficiency-; technology-driven productivity improvements in agriculture and healthcare; or telecommunications, with consumers that will transition from regular phones to smartphones -with opportunities in mobile commerce, content, apps…
Gedeth Network, from its new office, will help its clients to have a better knowledge of each country’s peculiar characteristics, and to find new opportunities for growth, taking advantage of a thriving middle class that drives demand for new products and services. The Asia-Pacific region will contribute 90% of global economic growth in the next few years, and just the ten Asean countries together (Singapore, Malaysia, Thailand, Philippines, Indonesia, Brunei, Vietnam, Cambodia, Laos and Myanmar) have a potential market with more than 600 million people.
With the opening of its new Singapore office, Gedeth reinforces its international network of partners, to provide its clients investment and export opportunities across more than 35 countries in all 5 continents.