Significant Growth Of IoT Market In China Will Reach At A CAGR Of 18.99% From 2016 - 2020
The IoT technology helps connect any device to the internet. Devices such as smartphones, household appliances, and wearable devices can be part of the IoT ecosystem and can be controlled through the internet. The IoT works as the core of modern concepts such as smart homes, smart shopping, smart transportation, and smart healthcare.
The IoT has started to scale and deliver real changes across the Chinese economy. The nation is becoming a global leader in adopting the IoT and is firmly establishing itself as the manufacturing hub of the world with the help of the technology. Chinese manufacturers are rapidly adopting new technologies such as 3-D printing, robotics, and artificial intelligence and enabling local players from China to strengthen their economic and global footprints
Technavios analysts forecast the IoT market in China to grow at a CAGR of 18.99% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the IoT market in China for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IoT components, which include connected devices equipped with radio frequency identification (RFID) and near-field communication, sensors, gateways, networking components, supervisory control and data acquisition, and complex event processing.
Technavio's report, IoT Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Other prominent vendors
Ayla Network China
Increasing adoption of IoT in manufacturing sector
For a full, detailed list, view our report
Growing complexity of IoT infrastructure
For a full, detailed list, view our report
Expansion of semiconductor industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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