Home > Industry Updates

China's IoT market to top $300b in 2025: report

Xinhua Updated: 2021-12-08

61ac3f36a310cdd3d81ecc86_副本.jpg

Visitors view introductions to technologies related to the IoT during an expo in Xiamen, Fujian province. [Photo by Yang Fushan/China News Service]

China's Internet of Things (IoT) market is expected to surpass $300 billion in 2025, according to an industry report.

The figure will account for about 26.1 percent of the total global IoT market volume, said a report released by research firm International Data Corporation (IDC).

In the next five years, China's spending on software, hardware and service will maintain steady growth, with the hardware spending taking the lion's share during the period, according to the report.

Internet of vehicles, smart metering, intelligent home and wearable terminal will see a rapid increase thanks to the construction of infrastructure including 5G, said the report.

The global spending on IoT will reach $754.28 billion this year, while in 2025 it will top $1.2 trillion with a compound annual growth rate of 11.4 percent between 2021 and 2025.


ORGANIZED BY
Cyberspace Administration of China
People's Government of Zhejiang Province
CO-ORGANIZED BY
United Nations Department of Economic and Social Affairs
International Telecommunication Union
World Intellectual Property Organization
GSMA
HOSTED BY
Secretariat of World Internet Conference (Preparatory Office)
Cyberspace Administration of Zhejiang Province
Economy and Information Technology Department of Zhejiang Province
Tongxiang Municipal People's Government
National Internet Emergency Center
CONTACT US
Tel: 0086-571-85311391(For Conference) 0086-571-85800770-213(For Exhibition)
Fax: 0086-571-85195207
Email: service@wicwuzhen.cn
QQ: 2092919312

Copyright © World Internet Conference. All rights Reserved
Presented by China Daily. 京ICP备13028878号-23

Copyright © World Internet Conference. All rights Reserved Presented by China Daily. 京ICP备13028878号-23