What is the Internet of Things (IoT) market research situation, IoT industry outlook and current status? The Internet of Things market benefits from external and endogenous dynamics of continuous enrichment, the Internet of Things application scenarios ushered in a wide range of expansion, smart government, smart industry, smart family, personal informatization and other aspects of the production of a large number of innovative application solutions, Internet of Things technology and solutions in various industries penetration rate continues to accelerate.
What about the IoT market research situation, IoT industry outlook and current status? The Internet of Things market has benefited from the external and endogenous dynamics of the continuous enrichment of the Internet of Things application scenarios ushered in a wide range of expansion, smart government, smart industry, smart family, personal information and other aspects of the production of a large number of innovative application programs, Internet of Things technology and programs in various industries to accelerate the penetration rate. The advent of the Internet of Things (IoT) has made it possible for "everything" to have access to the Internet, but the IoT industry chain is very long, and from the point of view of the development of industry customers, their strengths are concentrated in the vertical industries they have been y cultivated.
2022 IoT Industry Report and Market Analysis
Currently, IoT communication capabilities have been expanded on the basis of 2G, 3G, and 4G in the past, and NB-IoT, Cat.1, and other technologies that are more in line with IoT connectivity needs have been born.
In recent years, IoT technology has been accumulated and upgraded, and the industry chain has been gradually improved and matured. Driven by cyclical factors such as infrastructure construction, basic industry transformation and consumption upgrading, fields and industries at different levels of development have alternately continued to push forward the development of IoT, which has led to the explosive growth of the global IoT industry as a whole.
The Internet of Things is a new stage in the development of networks built on the Internet. It can be widely used in the convergence of networks through a variety of wired or wireless networks and the Internet, and is therefore known as the third wave of the development of the world's information industry following the computer, the Internet.
IoT Industry Output Value, Growth Rate Analysis
Currently the global IoT output value is about $15 trillion or so, and its average annual growth rate is close to 23%, and it is expected that the growth rate of IoT is expected to reach 30% after 2021, and by 2025, the global IoT output value will reach a volume of $30 trillion.
China is the country with the most IoT application practices and innovation development, and China accounts for about 1/4 of the global IoT output value; one of the main reasons for this is that China has already completed more than 700,000 5G base stations, and it is expected that the annual output value in 2021 will be more than RMB 2.7 trillion. Additionally IoT generates $344 billion in additional revenue, while also reducing operating costs by $177 billion.
The key core advantage of IoT is to realize the interconnection of everything, so the car is the focus of the development of IoT, to the car network, for example, in 2025, 5G networked vehicles will be more than 60 million, and 100% of new cars will be connected to the network, the car network market space is immeasurable.
IoT Market Scale
China is the country with the most IoT application practice and innovation development, and China accounts for about 1/4 of the global IoT output value; one of the main reasons for this is that China has already completed more than 700,000 5G base stations, and it is expected that the annual output value in 2021 will be over RMB 2.7 trillion. In addition, IoT generates $344 billion in additional revenue in 2020, while also reducing operating costs by $177 billion. IoT and smart devices are already improving performance metrics and increasing productivity levels by 40-60% in major factories around the world.
It is expected that during the "14th Five-Year Plan" period, China's IoT industry will continue to grow at a high rate, with the IoT growing at a compound annual growth rate of 23%-26%. 2021 will mark the beginning of the "14th Five-Year Plan" period, and will usher in the development of the IoT industry. The year 2021, as the beginning of the "14th Five-Year Plan", will usher in a new period of development.
Global IoT market size of about 1.36 trillion U.S. dollars, the IoT industry power continues to enrich. Currently, the global Internet of Things core technology continues to develop, the standard system to accelerate the construction of the industrial system is in the process of establishing and improving. In the next few years, the global Internet of Things market size will see rapid growth.
"2022-2027 China's Internet of Things Industry Market Depth Research and Investment Strategy Forecast Report" by the China Research Institute, Internet of Things report on the supply and demand of China's industry, the current state of development of the Internet of Things, the development of changes in sub-industries, focusing on the analysis of the development of the Internet of Things industry, how to face the challenges of the development of the Internet of Things industry, IoT industry development proposals, IoT industry competitiveness, as well as the industry's investment analysis and trend forecasts and so on. The IoT report also synthesizes the overall development of the industry, the IoT industry in the product provides reference suggestions and specific solutions.