[China Instrument Network Instrument Market] It is reported that the Internet of Things market will grow exponentially in the next few years. By 2020, the overall scale of the Internet of Things market, including hardware, software and services, can be expanded to US$1.29 trillion, which is the scale of 2016. For 737 billion U.S. dollars.
In 2016, utility companies invested $69 billion in IoT technology, of which nearly $58 billion went to the IoT-driven smart grid market to serve the electricity and gas industry.
The smart home market is the fourth largest market segment, and there will be tremendous growth in this area. It is estimated that by 2020, the annual investment in the smart home market will double to about US$63 billion.
Hardware is the largest component of the Internet of Things market, and spending on software and services will grow fastest. By 2020, the IoT hardware market may have nearly doubled to about US$400 billion, with the main growth coming from connectivity modules and sensor technologies.
Navigant's research company Navigant Research Center in the US Internet of Things market explores the IoT market in the United States through cost curve forecasting and procurement forecasting, focusing on technology trends, customer acceptance, case promotion, and supplier environments up to 2025.
It pointed out that the development of the Internet of Things market requires rethinking the current utility company business model to capture market share in this broader demand management area. In addition, because of equipment, software, and services, the Internet of Things will enable users to use energy more easily.
The Internet of Things is not a device or technology, but a data collection platform that provides visual operations, a secure data network, and a software and service platform. If utilities can seize the opportunity, they can use this to enhance customer service and attract more users.
China's Internet of Things industry has achieved remarkable results in the development of the Internet of Things. From the perspective of industry scale, from 2009 to 2015, China's Internet of Things industry scale jumped from 170 billion yuan to 750 billion yuan, the annual compound growth rate exceeded 25%, and the number of machine-to-machine applications exceeded 100 million. From the perspective of industrial layout, the spatial pattern of the development of the four major regions of the Bohai Rim, the Yangtze River Delta, the Pan-Pearl River Delta, and the central and western regions has been formed.
As the development of the global Internet of Things enters a new period of strategic opportunities for ecological distribution, the development of China's Internet of Things is also undergoing a single point of force to shift to the ecological system, the transition from simple applications to high-end applications, and the transition from government input to market leadership. Presented three trends: First, the domestic leading companies have laid out the Internet of Things industry ecology. Huawei, Baidu, Alibaba, Tencent, China Mobile, Sany Heavy Industry, Haier and other domestic backbone enterprises have successively issued Internet of Things strategies, and have gradually established the Internet of Things (IoT) industry ecosystem by opening key components such as the Internet of Things platform and operating system. Second, the industry application and integration of consumer applications gradually mature. Traditional enterprises in the fields of industrial manufacturing, agriculture, transportation, and energy actively applied the Internet of Things technology to upgrade and reconstruct different links. The integration of consumer applications in the areas of household life, security, health care, pensions, and other areas of livelihood has been widely promoted. Third, smart cities have become an important driver for the development of the Internet of Things. As of the end of 2015, the number of smart city construction in China has reached 386, providing a comprehensive integrated application platform for IoT technology and effectively promoting its large-scale application.
Summary: The global Internet of Things market will usher in spurt development. Experts estimate that by 2020, the Internet of Things will connect nearly 50 billion items. With the arrival of the Internet of Things, will utility companies and meter companies make a difference? Go forward together and discover your own opportunities.
(Original title: The global Internet of Things market will grow into a booming development)
In 2016, utility companies invested $69 billion in IoT technology, of which nearly $58 billion went to the IoT-driven smart grid market to serve the electricity and gas industry.
The smart home market is the fourth largest market segment, and there will be tremendous growth in this area. It is estimated that by 2020, the annual investment in the smart home market will double to about US$63 billion.
Hardware is the largest component of the Internet of Things market, and spending on software and services will grow fastest. By 2020, the IoT hardware market may have nearly doubled to about US$400 billion, with the main growth coming from connectivity modules and sensor technologies.
Navigant's research company Navigant Research Center in the US Internet of Things market explores the IoT market in the United States through cost curve forecasting and procurement forecasting, focusing on technology trends, customer acceptance, case promotion, and supplier environments up to 2025.
It pointed out that the development of the Internet of Things market requires rethinking the current utility company business model to capture market share in this broader demand management area. In addition, because of equipment, software, and services, the Internet of Things will enable users to use energy more easily.
The Internet of Things is not a device or technology, but a data collection platform that provides visual operations, a secure data network, and a software and service platform. If utilities can seize the opportunity, they can use this to enhance customer service and attract more users.
China's Internet of Things industry has achieved remarkable results in the development of the Internet of Things. From the perspective of industry scale, from 2009 to 2015, China's Internet of Things industry scale jumped from 170 billion yuan to 750 billion yuan, the annual compound growth rate exceeded 25%, and the number of machine-to-machine applications exceeded 100 million. From the perspective of industrial layout, the spatial pattern of the development of the four major regions of the Bohai Rim, the Yangtze River Delta, the Pan-Pearl River Delta, and the central and western regions has been formed.
As the development of the global Internet of Things enters a new period of strategic opportunities for ecological distribution, the development of China's Internet of Things is also undergoing a single point of force to shift to the ecological system, the transition from simple applications to high-end applications, and the transition from government input to market leadership. Presented three trends: First, the domestic leading companies have laid out the Internet of Things industry ecology. Huawei, Baidu, Alibaba, Tencent, China Mobile, Sany Heavy Industry, Haier and other domestic backbone enterprises have successively issued Internet of Things strategies, and have gradually established the Internet of Things (IoT) industry ecosystem by opening key components such as the Internet of Things platform and operating system. Second, the industry application and integration of consumer applications gradually mature. Traditional enterprises in the fields of industrial manufacturing, agriculture, transportation, and energy actively applied the Internet of Things technology to upgrade and reconstruct different links. The integration of consumer applications in the areas of household life, security, health care, pensions, and other areas of livelihood has been widely promoted. Third, smart cities have become an important driver for the development of the Internet of Things. As of the end of 2015, the number of smart city construction in China has reached 386, providing a comprehensive integrated application platform for IoT technology and effectively promoting its large-scale application.
Summary: The global Internet of Things market will usher in spurt development. Experts estimate that by 2020, the Internet of Things will connect nearly 50 billion items. With the arrival of the Internet of Things, will utility companies and meter companies make a difference? Go forward together and discover your own opportunities.
(Original title: The global Internet of Things market will grow into a booming development)
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