China IoT services on track to outpace all countries
China IoT services revenue will outpace all countries by 2020 to $41 Billion – ABI Research
In this week’s episode of IoT Innovation, Jeff Mucci from RCR Wireless News and Sanjay Khatri, Sr. Director of Product Marketing for Jasper, discuss recent China IoT news and events including:
- ABI Research announcement that China IoT revenue would outpace all countries by 2020. “Driving China’s IoT numbers is the smart meter segment,” says Dan Shey, VP and IoT Practice Director at ABI Research. “It leads all other segments in both connections and revenues. In fact, by 2020, smart meter connections will exceed the next highest market segment in total connections by nearly 10 to 1.”
- Jasper, a global Internet of Things (IoT) platform leader, announced that, in the first three months of availability, over 500 enterprises have activated trial accounts on the China Unicom Control Center IoT platform from Jasper.
- The first Huawei Developers Conference, held in Shenzhen, was attended by upwards of 2,000, predominantly enterprise software developers. Key takeaways included:
- IoT Connection manager featuring network, security and data APIs
- Industrial IoT case studies
- Smart-Safe City
- RCR Wireless News hosted an IoT panel titled “Industrial IoT: Designing, Testing and Securing the next mega-trend” featuring:
China IoT History
China IoT has been core to China’s overall technology roadmap since Chinese Premier Wen Jiabao called for the rapid development of Internet of Things during a speech in the city of Wuxi on August 7, 2009, during which he coined the phrase “Internet + Internet of things = wisdom of the earth”.
In March 2010, following Jiabao’s first mention of IoT by a head of state, China established the Shanghai Center of Internet of Things to develop IOT core technologies, to lead the nation in standards and regulations, to promote the application of the IOT and to accelerate the industrialization of technological achievements.
In December 2012, CNN reported that Beijing planned to invest 5 billion yuan ($800 million) in the IoT industry by 2015. The Ministry of Information and Technology estimated China’s IoT market will hit 500 billion yuan ($80.3 billion) by 2015, then double to 1 trillion yuan ($166 billion) by 2020.
In early 2014, Ministry of Housing and Urban-Rural Development of the People’s Republic of China (MoHURD), reported a commitment to fund 193 national smart city pilots representing a RMB 1 trillion investment.
In July 2015, GSMA declared that China IoT,with 74 million M2M connections, was the global leader in deployment of Internet of Things.