Global IoT technology is developing rapidly
--Global IoT device connections continue to grow
The Internet of Things (IOT) It refers to an intelligent service system that connects things (physical entities), people, systems and information resources through sensing devices and in accordance with agreed protocols to realize the processing of and response to information in the physical and virtual world. Currently, global IoT technology is in a phase of rapid development, and according to IoT Analytics, the number of global IoT device connections will grow to 16.7 billion in 2023, and IoT device connections are expected to continue to grow for many years to come. The rapid growth in the number of IoT devices and the massive amount of data they generate requires real-time processing and analysis. Edge computing pushes data processing and storage to the edge of IoT devices, reducing data transmission delays and network congestion and providing more efficient IoT services and applications.
--Global IoT shows explosive growth
In recent years, IoT technology has been accumulated and upgraded, and the industry chain has been gradually perfected and matured, coupled with cyclical factors such as infrastructure construction, transformation of foundational industries, and consumption upgrading. Driven by cyclical factors such as infrastructure construction, basic industry transformation and consumer upgrading, fields and industries at different levels of development have alternately continued to promote the development of IoT, driving the global IoT industry as a whole to show explosive growth. According to Statista statistics, the global IoT market size in 2022 exceeds $970 billion.
Note: Statista's IoT market size statistics cover: automotive IoT, consumer IoT, industrial IoT, IoT in healthcare, other IoT, smart cities, and smart finance.
Global Edge Computing Market Status
--Market Size Over $11 Billion
Currently, the global edge market is in its infancy, and in the context of 5G, Internet of Things and other technologies Under the background of rapid development, mobile applications and data volume surge, network bandwidth and computing throughput have become the performance bottleneck of computing, edge computing has become an important computing platform for technology landing in the data era, and the global edge computing industry is booming. According to Grand View Research data, in 2022, the global edge computing market size reached 11.24 billion U.S. dollars, of which, the industrial IoT field applications accounted for more than 29%.
--China's computing power index is in the leader position
According to the "2021-2022 Global Computing Power Index Assessment Report" jointly released by IDC, Wave Information, and Tsinghua's Institute of Global Industries, based on each country's computing power index score
Currently the U.S. and China are ranked first and second in the computing power index, respectively, and are in the frontrunner position; the second echelon countries include Japan, Germany, the U.K., France, Canada, South Korea and Australia; and the third echelon countries include India, Italy, Brazil, Russia, South Africa and Malaysia.
Global Edge Computing Market Prospects
With the exponential growth in the number of IoT devices, centralized cloud architectures may be challenged to handle massive amounts of data, and IoT applications require real-time or quasi-real-time processing capabilities; edge computing improves scalability, responsiveness, security, and privacy, while optimizing the utilization of network resources, and has the potential to respond to the needs of an evolving IoT ecosystem. In the future, the demand for IoT edge computing in industries such as public **** utilities, smart healthcare, energy and industrial internet represented by smart grid will remain strong, and edge computing applications are promising, with a preliminary forecast that by 2028, the global edge computing market size will exceed $58 billion.
For more research and analysis of this industry, please refer to the "China Edge Computing Industry Market Outlook and Investment Strategy Planning Analysis Report" by Prospect Industry Research Institute.