From 2006 to 2020, the application of Internet of Things (IoT) will move from closed-loop and fragmentation to openness and scale, and smart cities, industrial IoT, and automotive networking will take the lead in making breakthroughs. The scale of China's Internet of Things industry continues to improve, the industry scale to maintain high growth, Jiangsu, Zhejiang, Guangdong Province industry scale are more than 100 billion yuan.

As of 2019, the scale of China's Internet of Things market has grown to 1.5 trillion yuan. The huge market demand in the future will bring rare development opportunities and broad development space for the Internet of Things.

In recent years, China's government has introduced various policies to vigorously develop the Internet of Things industry, and many local governments have also introduced Internet of Things special planning, action programs and development opinions, providing policy support for the development of the Internet of Things industry in many aspects, such as land use, infrastructure support, tax incentives, core technologies and application areas. In the industrial automatic control, environmental protection, health care, public **** security and other areas to carry out a series of application pilot and demonstration, and made initial progress.

Currently, the scale of China's Internet of Things industry has reached trillion yuan. The scale of China's IoT industry has grown beyond expectations, with outstanding results in network construction and application promotion. Driven by national strategies such as network power and new infrastructure, China has accelerated the construction of networks such as IPv6, NB-IoT and 5G, and consumer IoT and industrial IoT have gradually begun to be applied on a large scale, and breakthroughs have been made in the development of 5G and vehicle networking.

Policy to promote the high-speed development of China's Internet of Things

Since the issuance of the Special Action Plan for the Development of the Internet of Things in 2013, the state has encouraged the application of Internet of Things technology to promote the production of life and social management methods to the direction of intelligence, refinement, network transformation, for improving the level of informatization of the national economy and social life. Enhance the level of social management and public **** service, drive the development of related disciplines and enhance the capacity of technological innovation, and promote industrial restructuring and transformation of the mode of development is of great significance.

The fourth industrial revolution, characterized by digitalization, networking and intelligence, is emerging. As a product of the deep integration of new generation information technology and manufacturing industry, the Internet of Things (IoT), through the comprehensive interconnection of people, machines and things, builds up a new manufacturing and service system that fully connects all elements, the whole industrial chain, and the whole value chain, which is a way to realize the digital transformation, and is a key force in realizing the transformation of old and new kinetic energy.

China's Internet of Things industry is in a state of rapid growth, the future will have a broader space

Since 2013 China's Internet of Things industry scale to maintain high growth, the growth rate has been maintained at more than 15%, Jiangsu, Zhejiang, Guangdong Province, the size of the industry are more than 100 billion yuan. Data from the China Communications Industry Association shows that with the development of IoT information processing and application services and other industries, the scale of China's IoT industry has grown from 489.6 billion yuan in 2013 to 1.5 trillion yuan in 2019.

While the development of China's IoT has been remarkable, the country's IoT industry is still in the early to mid stage of growth. There are currently more than 30,000 IoT and related enterprises in China, of which small and medium-sized enterprises (SMEs) account for more than 85% of the total, with outstanding innovation vitality and a huge role in promoting industrial development.

The Internet of Things, as the key direction of China's new-generation information technology independent innovation breakthroughs, contains a huge innovation space, in the field of chips, sensors, proximity transmission, massive data processing, as well as comprehensive integration, application and other areas of innovative activities are becoming increasingly active, and innovation elements continue to accumulate.

The deepening application of IoT in various industries will give rise to a large number of new technologies, new products, new applications and new models. The huge market demand in the future will bring rare development opportunities and broad development space for the Internet of Things.

Driven by policy, economic, social, technological and other factors, the 2020 GSMA Mobile Economy Development Report predicts that the 2019-2025 CAGR will be about 9%, and the scale of China's IoT industry in 2020 is targeted at 160 million yuan, and according to the current development trend of the IoT industry, the objectives of the 13th Five-Year Plan are expected to be completed beyond expectations; it is expected that by 2025, the China's Internet of Things industry scale will exceed 2.7 trillion yuan.

Future IoT industry will develop in a diversified direction

Standardization is one of the biggest challenges facing the development of IoT, and it is a struggle between industry leaders who wish to dominate the market at an early stage. At present, China's IoT industry has a hundred schools of thought, there is not yet a unified standard. So in the future, a limited number of vendors will dominate the market, similar to the Windows, Mac and Linux operating systems in use today, probably through constant competition.

Compliance is also one of the issues facing the IoT today, especially data privacy. Data privacy has now become a keyword in the online society, with various incidents of user data leakage or misuse, especially the Facebook scandal that has sparked global concern.

So in the future, various legislative and regulatory bodies in China will propose stricter regulations for user data protection, and users' sensitive data may be subject to stricter regulation over time.

Securitization refers to the prevention of IoT software from cyber hacking, and in the future, security-focused IoT facilities will receive more attention, especially in certain specific basic industries, such as healthcare, safety and security, and finance.

Multiple technologies push IoT technological innovation

From the point of view of technological innovation trends, the endogenous impetus for the development of the IoT industry is increasing. Connection technology continues to break through, NB-Iot, eMTC, Lora and other low-power wide-area network global commercialization process continues to accelerate; IoT platforms are growing rapidly, and the service support capacity is rapidly improving;

Blockchain, edge computing, artificial intelligence, and other new technology topics continue to be injected into the Internet of Things, which brings new innovation vitality to the Internet of Things. Driven by the combination of technology and industrial maturity, IoT is characterized by "intelligent edge, ubiquitous connectivity, platformization of services, and extension of data".

--The above data comes from Analytical Report on Market Demand and Investment Forecast of China's Internet of Things Industry Applications