Forrester expects smart infrastructure investments to gain remarkable growth, powered by a government spending windfall in most APAC countries. : Forrester expects smart infrastructure investments to gain remarkable growth, powered by a government spending windfall in most APAC countries. When Forrester looked at Internet of Things (IoT) investment trends in the Asia-Pacific region (APAC) in early 2020, we found that smart manufacturing was the dominant market for IoT consultancies. Smart infrastructure was second. Enter COVID-19 and fast-forward to 2022, and we expect smart infrastructure investments to take the lead.