| dc.description.abstract | The manufacturing industry in Taiwan lacks natural resources, and its economy relies heavily on exports. It can invest in the development of the Internet of Things (IoT) industry chain, starting with the domestic market as a foundation and later expanding to the international market. The enterprise IoT industry is in a stage of development and holds promising market prospects. Suppliers in this industry compete intensely to gain market share. To expand their market presence, they engage in vertical integration, enhance business trust, and explore diverse application benefits. They all aim to seize the first-mover advantage in various application markets and enhance their business scale.
This research utilizes the ＂Structure-Conduct-Performance＂ (SCP) framework of industrial economics to analyze the market structure, firm conduct, industry performance, and current development of the enterprise IoT industry. It also examines trends and explores future development opportunities.
Taiwan possesses strong capabilities in semiconductor IC and ICT communication, and the enterprise IoT industry achieved a production value of NT$2 trillion in 2022, gradually demonstrating economies of scale. The future market exhibits high growth potential.
The efforts of various companies in IoT and digital transformation can be observed through the actual deployment of IoT devices in Taiwan, indicating that the enterprise IoT industry is in a growth phase. IoT not only enables companies to generate profits but also drives relevant job opportunities and contributes to social value. IoT services are also present in smart cities, enhancing the convenience of people′s lives and improving safety. Therefore, the value brought by IoT contributes to society, businesses, and governments in various aspects.
Furthermore, the diversification of IoT operations involves innovative behaviors, which can lead to product differentiation and change the market structure. This increases competitiveness and enables the attainment of new market profits and value. This positive cycle is also observed in the analysis of the SCP model, where various frameworks comprehensively analyze every aspect and interrelationship of a specific industry.
Overall, there is still room for development in the operational performance of IoT businesses in our country. With the rapid development of IoT and the emergence of the AI wave, IoT needs to provide comprehensive services for vertical markets to seize opportunities while undergoing digital transformation.
Moreover, the wave of ESG (Environment, Social, and Governance) has also been set in motion. Stock exchanges worldwide now require listed companies to publish regular ESG reports each year. Compliance with certifications such as ISO14064 and 14067 is a necessary step towards achieving net-zero carbon emissions. For enterprises, this poses new challenges. By utilizing IoT in conjunction with ESG carbon auditing, precise carbon calculation, and carbon offset transactions, the achievement of ESG goals can be further explored. | en_US |