The Internet of things has received a lot of attention from the whole society in China, and its attention is unmatched in the United States, the European Union, and other countries.
In the next few years, China's Internet of things market will maintain high growth momentum.
The total market size of China's Internet of things is expected to be 3.1 trillion yuan by 2022, with a compound annual growth rate of around 22 percent and a huge growth space.
Similar to the Internet, the Internet of things has a strong penetration in production and life, and has the potential to become a new economic growth point. It can provide technical impetus for the global economic recovery.
Therefore, the Internet of things is widely regarded as a key strategy to revitalize the economy and establish competitive advantage.

The status quo of global Internet of things

In November 2008, the United States IBM announced the strategy of "smarter planet", put forward "the embedded sensors and equipment to the electrical grid, railways, Bridges, tunnels, roads, construction, water supply, DAMS, oil and gas pipelines and other objects, and is widely connection, form the so-called Internet of things, and through the supercomputers and cloud computing will the Internet of things together, realizes the human society and the integration of the physical system".
The concept of "smart earth" has raised the global Internet of things interest, and the us has become one of the key points of national innovation strategy.
Currently, the United States is using the Internet of things in multiple areas.
The eu also around the Internet of things did a lot of innovative technology and application, issued the "Internet of things - European action plan, put forward, including chips, technology research and development, 14 framework.
In 2004, both Japan and south Korea launched a national informationization strategy based on the Internet of things, called u-japan and u-korea, aimed at creating a new generation of information technology revolution and realizing the ubiquitous convenience society.
In August 2009, China officially listed the Internet of things as one of the top five emerging strategic industries in the country and wrote "government work report".
The Internet of things has received a lot of attention in China, and its attention is unmatched in the United States, the European Union, and other countries.
In recent years, China has also made a number of national policies and plans on the development of the Internet of things and promoted the continuous improvement of the iot industrial system.
However, its huge market potential Internet of things, but the current lack of a unified industry standard, caused the serious iot market fragmentation, need on the Internet of things technology research and standardization work as soon as possible.
Overall, China's Internet of things the study did not blindly follow abroad, but face the national major strategic and application requirements, carry out standard system based on Internet of things, key technology, application development, system integration and test evaluation technology research, has formed to apply for the traction characteristics of development route, and application in technology, standards, industry and service, etc., close to the international level, made it possible to China in the field of the occupation of value chain.

Global iot market size forecast

Globally, the technology, standards, industries, applications and services of the global Internet of things are still in their infancy.
The core technology of the Internet of things is continuously developing, the standard system is being constructed and the industrial system is in the process of establishment and perfection.
According to forward-looking industry research institute "in China's Internet industry segment the market demand and investment opportunity analysis report, a comprehensive analysis in the next decade, the global Internet of things to achieve large-scale popularization, the average annual compound growth rate will remain at about 20%, to 2022 the global Internet of things the size of the market is expected to reach about $2.3 trillion.
As one of the earliest countries with Internet of things, the iot industry has maintained steady growth for many years and its competitive advantage has been increasing.
In 2015, China's Internet of things industry reached 750 billion yuan, and during the 12th five-year plan period, the compound growth rate was about 25%.
According to the current development trend, China's Internet market will continue to grow at a high speed in the coming years.
The total market size of China's Internet of things is expected to be 3.1 trillion yuan by 2022, with a compound annual growth rate of around 22 percent and a huge growth space.
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