B2B Payments

The Next IoT Leader Is … Canada?

When it comes to the Internet of Things market, the world’s largest technology conglomerates are concentrated in the U.S., Europe and Asia. U.S.-based Google, Facebook, Apple and Microsoft are just a few of the major players in the IoT revolution, as are South Korea’s Samsung and Germany’s SAP, who have spearheaded their own efforts in the market.

But for all of the world’s major technology hubs, Canada may not be the most obvious choice to become the world’s next Internet of Things pioneer. But according to experts, the nation has the prime environment to take such a title.

Reports published Tuesday (June 23) by the Huffington Post highlighted Canada’s unique position to take the IoT lead thanks to its existing world class telecommunications and Internet infrastructure. New technology incubators in the nation like DMZ at Ryerson University are fostering innovation within Canada’s borders.

Plus, reports said, Canadian consumers are especially eager to try the latest gadgets and technologies. According to research from Primus and DMZ, 83 percent of Canadians said they are willing to try new technology that makes their lives easier. Sixty-eight percent said IoT-connected devices will save them time and make their lives easier, and 40 percent said they consider themselves to already be an early adopter of technology.

The findings correlate with earlier data that found 75 percent of Canadians now have smartphones, and 60 percent admitted they would like to be connected to the Internet at all times.

Primus’ survey also found that Canadians are particularly interested in IoT technology that could help to improve their health and fitness and to better manage their homes.

“With strong evidence of public demand for tech-enabled devices,” the Huffington Post wrote, “Canadian technology companies are well positioned to bring the next generation of Internet-enabled technology to life.”



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