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The Internet of Things is a major trend in social development, with various enterprises forming a large ecological主体.


 

   From the perspective of national policies and the promotion by local governments, China's research on the Internet of Things (IoT) has not blindly followed foreign trends, but instead focuses on the country's major strategic and application needs. Research has been conducted in areas such as the basic standard system, key technologies, application development, system integration, and testing and evaluation technologies for IoT, forming a distinctive development path driven by applications. In terms of technology, standards, industry, and applications and services, it has approached international levels, making it possible for China to occupy the high end of the value chain in this field.

 

 

   With the arrival of the era of the Internet of Everything, the IoT is becoming another competitive high ground following the internet, with ecological construction and industrial layout accelerating globally. There is no need to look to the future; it is happening now. The IoT is profoundly changing people's production and lifestyle, and a revolution of interconnected everything is thriving.

 

   Currently, global technologies, standards, industries, applications, and services related to the IoT are still in the initial stages. Overall, the core technologies of the IoT continue to develop, the standard system is being constructed, and the industrial system is in the process of establishment and improvement. According to the comprehensive analysis in the 'China IoT Industry Segmentation Market Demand and Investment Opportunity Analysis Report' by the Forward Industry Research Institute, in the next decade, the global IoT will achieve large-scale popularization, with an average annual compound growth rate of around 20%. By 2022, the global IoT market size is expected to reach approximately $2.3 trillion.

 

   As one of the earliest countries to layout the IoT, China's IoT industry scale has maintained steady growth over the years, with competitive advantages continuously strengthening. In 2015, the scale of China's IoT industry reached 750 billion yuan, with an annual compound growth rate of about 25% during the 12th Five-Year Plan period. According to current development trends, China's IoT market is expected to maintain a high-speed growth trend in the coming years. It is estimated that by 2022, the overall market size of China's IoT will reach 3.1 trillion yuan, with an annual compound growth rate of around 22%, indicating significant growth potential.

 

   According to the '2017-2022 China IoT Market Status Analysis and Investment Strategy Research Report', the global IoT market size is expected to exceed $100 billion in 2018. According to estimates by British chip design company ARM, the IoT market size will reach $5 trillion by 2035. The prosperity of the IoT will redefine all industries. The IoT features comprehensive perception, real-time transmission, and intelligent processing, with various enterprises being the main components of the large IoT ecosystem.

 

   With the continuous emergence of new technologies such as 5G and Narrowband IoT (NB-IoT), the construction of the IoT ecosystem and industrial layout is also accelerating. In the next decade, the landscape of the IoT will expand at a considerable speed and scale. The IoT will not only become a powerful tool to facilitate human life but also a major trend in the development of future society.