GSMA says China poised to dominate industrial IoT – News – IoT Hub
A new report from the GSMA highlights China’s rapid adoption of industrial IoT and suggests the nation is heading for global dominance.
In his foreword to the report, GSMA director general Mats Granryd said: “Backed by positive and proactive government support, China is betting big on the IIoT and, as one of the world’s largest economies, is poised to not only become the world’s leader in deploying solutions but benefit from enormous economies of scale.
“As the producer, supplier and end user of many of the world’s IoT-related sensors and devices, China is in the early stages of this latest industrial transformation.”
According to China’s Ministry of Industry and Information Technology the Industrial IoT market in China is growing by about 25 percent per annum and is set to reach almost 380 billion yuan ($A78 billion) in 2019. Read more…