China enters the Internet of Things 2.0 era 2020 market will exceed 400 billion yuan

[New concept of instrument network in China] He Guili, deputy director of the China Academy of Information and Communication Technology, recently stated that with the next generation of information technology such as mobile Internet of Things, cloud computing, and big data, a closer connection has been achieved, which has previously solved and affected the Internet of Things. With regard to the fragmentation of development, China has officially entered the era of the Internet of Things 2.0. It is predicted that by 2020 China's mobile Internet of Things market will exceed RMB 4 trillion.

(Image from the Internet, invaded)
He Guili made the above statement on September 1st at the press conference for Jiangxi's mobile internet development strategy jointly sponsored by the Jiangxi Provincial Information Technology Committee, Yingtan Municipal Government and the China Institute of Information and Communications. He Guili believes that China’s transition from the Internet of Things 1.0 era to the 2.0 era is embodied in three aspects.
The first is technical standards. Inadequate technical preparation in the past, such as incomplete standardization. Nowadays, the mobile Internet of Things has formed a technical system composed of NB-IoT (narrow-band Internet of Things), eMTC (Enhanced Machine Communication Technology), and cellular network's future evolution technology 5G (fifth-generation mobile communication technology); The globally unified standard of NB-IoT has been adopted by 3GPP, the international mobile communications standardization group, and the related standards of eMTC have also stabilized.
The second is the industrial environment. In the Internet of Things 1.0 era, the industrial structure and chain are incomplete. At present, China has initially formed a mobile Internet of Things (IoT) industry system covering chips, modules, systems, and platforms. Industrial development is entering a period of rapid growth, and the IoT has greatly improved the industrial environment for the development of new technologies.
The third is the application scenario. From the initial stage of “knowing only the technology and the unknown use” to the exploration stage, it is now clear what areas this new technology can be applied to and what problems to solve. According to research by authoritative organizations, the mobile Internet of Things will drive the number of globally connected devices to exceed 24 billion in 2020, and the global economic growth in 2025 will reach 11.1 trillion U.S. dollars, accounting for 11% of the world's GDP.
He Guili also said at the meeting that China’s mobile Internet of Things market will exceed 4,000 billion in 2020, and the five fields of smart manufacturing, public utilities/smart cities, car networking/transportation, smart home and wearable will become the hot topics for the development of the Internet of Things. Smart manufacturing and utilities/wisdom cities will become a trillion market.
(Original Title: China Enters the Internet of Things (2.0) Era 2. The market will exceed 4,000 billion in 2020)

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