Greater China Set to Dominate Global Industrial IoT Market, Says New GSMA Report
LONDON–()–The GSMA today issued a new report, ‘The Industrial IoT in Greater China’, highlighting how the region is poised to lead the global Industrial IoT (IIoT) market. The in-depth report draws on interviews with mobile operators including Asia Pacific Telecom Group, China Mobile, China Telecom, China Unicom, Far EasTone and Taiwan Mobile who outline how the combination of fast internet speeds, data analytics, artificial intelligence (AI) and the IoT is transforming the region’s industrial sector. GSMA Intelligence estimates that there will be 13.8 billion IIoT connections globally by 2025. Greater China accounts for approximately 4.1 billion of these connections or a third of the global market.
“These new technologies will fundamentally alter the way we live and work, intelligently connecting virtually every device, making our cities smarter and our lives easier and more productive,” commented Alex Sinclair, Chief Technology Officer, GSMA. “China is betting big on the IIoT to increase productivity and drive efficiencies by streamlining and automating manufacturing processes via internet connectivity. Backed by positive government support, China is set to become the world’s leader.”
The IIoT, will increase productivity by combining AI, cloud computing and advanced analytics to automate manufacturing processes via internet connectivity. It will enable factories to monitor and interpret data from production lines and complex machinery in real time to anticipate faults, manage infrastructure and mitigate risk. The captured data will drive efficiencies, optimise productivity and decrease costs in many important economic sectors beyond manufacturing, such as energy and telecoms. China is also making advances in the area of AI which, with machine learning, will help factories and businesses manage complex processes and drive innovation.
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