With the advancement of connected device technology and the maturity of the standard system, China is vigorously promoting the accelerated integration and integration of the Internet of Things and other new generation information technologies, and the scale and application of Internet of Things connections continue to grow.
According to a report released by market research organization IDC, the number of IoT connections in China will reach 5.6 billion in 2022, and will increase to approximately 10.25 billion by 2026, with a compound growth rate of approximately 18%.
Cellular connectivity grows strongly, IoT industry accelerates innovation
From the perspective of connection technology, China’s cellular network connections are showing a strong growth trend thanks to the development and popularization of 5G technology. According to the report, the number of cellular IoT connections in China has exceeded 1.8 billion in 2022, with automobiles, smart homes, industrial equipment, etc. as the main application areas. It is expected to reach 3.63 billion by 2026 at a growth rate of 21%.
The rapid growth of cellular IoT has driven the continuous acceleration of innovation and improvement in China’s IoT industry. In terms of hardware, various IoT devices continue to emerge, not only getting smaller and smaller, but also becoming more powerful. At the same time, major operators are also accelerating the construction and coverage of 5G networks to meet the needs of an increasing number of cellular IoT devices.
In terms of software, the application of artificial intelligence, cloud computing, big data and other technologies continues to advance, providing strong support for data processing and analysis of the Internet of Things. At the same time, various industries are also actively exploring the application of IoT technology to improve production efficiency, reduce costs, and improve user experience.
It is foreseeable that with the continuous advancement of technology and the gradual understanding and application of IoT technology in various industries, China’s IoT industry will usher in broader development prospects.
Diversified industry application needs promote the Internet of Everything
The consumer industry is the largest component of IoT connections. Smart homes and wearables are still important growth points, with the number of connections reaching nearly 5.98 billion by 2026.
The number of IoT connections in the public facilities industry will be approximately 1.44 billion in 2022, and is expected to reach 2.2 billion by 2026.
The number of manufacturing IoT connections will exceed 300 million by 2026. Many small and medium-sized enterprises are accelerating the planning and deployment of the Internet of Things, which will bring more connections to the Internet of Things in the manufacturing industry, mainly focusing on intelligent manufacturing, product quality inspection, and production equipment monitoring.
With increased investment in campus Internet of Things and digital skills education for all, educational facilities and equipment in the education industry will also be widely used, and the number of educational Internet of Things connections will achieve a 22% growth rate.
In addition, affected by telemedicine and the aging population, the medical and health industry will rapidly deploy medical IoT at a growth rate of 27% and promote real-time monitoring and evaluation equipment for personal health.
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As one of the important development directions in the future, the Internet of Things will bring huge changes and opportunities to people. While realizing the rapid development of the Internet of Things, it is also necessary to continuously strengthen technology research and development and specification formulation to ensure the safety and reliability of the Internet of Things and promote its healthy and sustainable development. This is a cause that requires joint efforts. I believe that with the efforts of all parties, the future of the Internet of Things will be better.
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