This is the World and China’s Industry of IoT Market Outlook 2020-2026 and China Internet of Things Market Development Strategy and Investment Potential Feasibility Forecast Report in brief.
What is the Internet of Things?
The Internet of Things (IoT) is a network extension and application of communication networks and the Internet. It uses sensing technology and intelligent devices to sense and identify the physical world, interconnects through network transmission, computation, processing, and knowledge mining, realizes human and object, object and object information interaction and seamless link, and achieves real-time control, precise management and scientific decision-making of the physical world.
What is the significance of the emergence of the Internet of Things?
The Internet of Things is a new generation of highly integrated and comprehensive use of information technology, which is of great significance to the new round of industrial change and green, intelligent, and sustainable development of the economy and society.
Since the “Smart Earth” was proposed, the concept of IoT has been rapidly recognized worldwide and has become the core of the new… It has become the core driving force of the new scientific and technological revolution and industrial change.
The Internet of Things (IoT) is an important part of the new generation of information technology. Since August 2009, when the concept of Sensing China was introduced, China’s IoT has entered a brand new stage of development.
Commonly speaking, IoT is the Internet where everything is connected to everything else.
Through the connection of things, combined with the original Internet, IoT breaks through time and space to realize the connection between people, things and things, and people and things, and now new technologies such as big data, cloud computing, and artificial intelligence have been added, which can better meet people’s deep-seated needs.
The Internet of things is a new generation of information technology that is the highly integrated and comprehensive use of the new – round of industrial change and economic and social green, intelligent, sustainable development. It is of great significance.
Currently, the Internet is developing from consumer Internet to industrial Internet, which requires the integrated use of the Internet of things, big data, cloud computing, artificial intelligence, and other technologies to empower traditional industries.
The Internet of things is the basis of industrial Internet-related technologies because without the Internet of things, there is no big data, let alone intelligence, so the construction of the Internet of things is usually the front-runner of industrial Internet construction.
It is understood that the Internet of things is replacing the mobile Internet as the main driver of the information industry, to IoT devices, for example, the number of IoT devices connected in 2017 has exceeded the number of cell phone users, in addition, the Internet giant companies led by Ali, Huawei, Jingdong have put forward their own IoT strategy.
It is worth noting that countries around the world, especially the United States, the European Union, Japan and South Korea, and other developed countries attach great importance to the development of the Internet of Things, and actively carry out strategic layouts, in order to grasp the initiative of future international economic and technological competition.
What is the IoT market outlook in 2020-2026?
At present, the Internet of Things is mainly used in personal, office, automotive, logistics, consumer, information and environment, home, factory, and city nine aspects, the global Internet of Things output value of $4-12 trillion, involving all aspects of life and work.
Among them, smart city, smart transportation, smart wear, the smart medical market is the most promising. From the industry chain, China has formed a more complete IoT industry chain including chips, components, equipment, software, system integration, operations, and application services, and the development of each key link has also made significant progress.
M2M services, medium and high-frequency RFID, two-dimensional code, and other aspects of the industry chain have matured, and the domestic market share continues to expand, with a certain leading edge;
The gap between basic chip design, high-end sensor manufacturing, intelligent information processing, and other relatively weak links with foreign countries continues to narrow, especially fiber optic sensors in high-temperature sensors and fiber grating sensors have made significant breakthroughs;
IoT third-party operation platform continues to integrate various elements to form an orderly development situation, and the platform, and service development mode gradually clear, become a highlight of China’s IoT industry development.
The technical maturity, standardization, and cost of each link in the industry chain are the main factors affecting the large-scale promotion of IoT applications.
Along with 5G communication, big data, cloud computing, AI and other related technical standards and programs are becoming more and more mature, and IoT has the conditions for a comprehensive promotion. Technology standardization promotes the interconnection of all things to achieve.
With the continuous development and standardization of IoT, all parties in the industry chain are committed to solving the problem of the lack of technical standards in the development of IoT.
At present, a global IoT standardization system framework including general standards, basic common standards, and industry application standards has been basically formed, aiming to promote IoT terminal interconnection and accelerate industrial development.
Since 2015, China’s IoT market scale has grown steadily, and by 2018 China’s IoT market scale reached 1. 43 trillion yuan. According to the data of the Ministry of Industry and Information Technology, as of the end of June 2018, the national IoT terminal users have reached 4. 65 billion households. The future upside of the IoT market is considerable.
2020-2026 China Internet of things market development strategy and investment potential feasibility forecast report statistics show that: China’s Internet of things market size is expected to exceed 2 trillion in 2020.
China is predicted to become the world’s largest IoT connectivity market in 2022. China’s operators’ public networks are relatively perfect, which helps wide-area IoT applications to expand, and we believe that the domestic wide-area connection ratio will be higher than the global level in the next five years.
According to the report, the number of cellular connections in China was about 100 million in 2016, and the number of LPWA connections in China will reach 600 million by 2020 according to the requirement of the Ministry of Industry and Information Technology, which means that the share of domestic wide-area connections will be higher than the global level in the next five years.
The report points out that the number of cellular connections in China was about 100 million in 2016, and the number of LPWA connections in China will reach 600 million by 2020 as required by the Ministry of Industry and Information Technology.
The IoT market outlook forecasts that by 2022, the total number of IoT terminals in China will reach 4.48 billion, including 300 million for cellular IoT, 1.13 billion for LPWA, and 3.05 billion for local area IoT.
With the gradual expansion of the IoT scale, IoT communication mode tends to be diversified, IoT application is increasingly rich, and more and more enterprises start to improve the management efficiency of massive IoT terminals through IoT platforms and accelerate IoT business innovation.
At the same time, the IoT platform maintains a high growth trend. As more and more enterprises use IoT devices and technologies, the amount of data collected shows exponential growth and traditional computing methods can no longer meet the data processing needs.
AI, on the other hand, can fill the gap between data collection and data analysis. In addition, AI can achieve better image processing and video analysis, creating more application scenarios and business opportunities.
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