Internet of Things (IoT) Market in China 2015-2019
IoT is the interconnection of devices with unique identifiers that have the ability to transfer data without human interaction. IoT is implemented by connecting various devices with each other as well as with communication devices of end-users. Sensor technology and wireless communication are some of the technologies used to implement IoT. It has evolved from the convergence of wireless technologies, micro-electromechanical systems, and the Internet. The major components of IoT include RFID, wireless sensor network, addressing schemes, data storage and analytics, and visualization elements. IoT facilitates efficient monitoring and management of numerous devices. The adoption of IoT is expected to grow significantly over the coming years as a result of the growing availability of Wi-Fi and LTE wireless connectivity.
TechNavio's analysts forecast the IoT market in China to grow at a CAGR of 32.15 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the IoT market in China for the period 2015–2019. To calculate the market size, the report considers revenue generated from the sales of various IoT elements such as:
TechNavio Announces the Publication of its Research Report – IoT Market in China 2015-2019
TechNavio recognizes the following companies as the key players in the IoT Market in China: Cisco Systems Inc., Honeywell International Inc., HP Co. and Huawei Technologies Co. (Huawei Investment and Holding Co. Ltd.)
Other Prominent Vendors in the market are: Alcatel-Lucent, Amdocs, Broadcom, China Mobile, China Telecom, China Unicom, EMC, Ericsson, IBM, Intel, Newland Group, Nokia Siemens Networks and Zebra Technologies.
Commenting on the report, an analyst from TechNavio’s team said: “One of the key trends in the market is the growth in mobile network infrastructure. With 3G and 4G technology, mobile networks have improved drastically. This has resulted in better connectivity of organizations worldwide.”
According to the report, one of the major drivers in this market is the increased adoption by the Manufacturing sector, which is one of the fastest growing sectors in China. It is the primary contributor to the country's GDP. In the Manufacturing sector, RFID tags are used to track and trace the flow of the manufacturing process.
Further, the report states that one major challenge in the market is the complexity of the IoT infrastructure. Because of the presence of several hardware and software technologies, the network infrastructure of the IoT becomes complex and difficult to manage. However, it is necessary to secure networks from threats arising out of unauthorized access and manipulation of data.
Cisco Systems , Honeywell International, HP, Huawei Technologies (Huawei Investment and Holding), Alcatel-Lucent , Amdocs , Broadcom , China Mobile , China Telecom , China Unicom , EMC , Ericsson , IBM , Intel , Newland Group, Nokia SiemensNetworks , Zebra Technologies
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