Research and Markets has announced the addition of the “Internet of Things (IoT) Market in China 2015-2019” report to their offering.
The IoT market in China to grow at a CAGR of 32.15% over the period 2014-2019
IoT is the interconnection of devices with unique identifiers that have the ability to transfer data without human interaction. IoT is implemented by connecting various devices with each other as well as with communication devices of end-users. Sensor technology and wireless communication are some of the technologies used to implement IoT. It has evolved from the convergence of wireless technologies, micro-electromechanical systems, and the Internet.
The major components of IoT include RFID, wireless sensor network, addressing schemes, data storage and analytics, and visualization elements. IoT facilitates efficient monitoring and management of numerous devices. The adoption of IoT is expected to grow significantly over the coming years as a result of the growing availability of Wi-Fi and LTE wireless connectivity.
One of the key trends in the market is the growth in mobile network infrastructure. With 3G and 4G technology, mobile networks have improved drastically. This has resulted in better connectivity of organizations worldwide.
According to the report, one of the major drivers in this market is the increased adoption by the Manufacturing sector, which is one of the fastest growing sectors in China. It is the primary contributor to the country’s GDP. In the Manufacturing sector, RFID tags are used to track and trace the flow of the manufacturing process.
Further, the report states that one major challenge in the market is the complexity of the IoT infrastructure. Because of the presence of several hardware and software technologies, the network infrastructure of the IoT becomes complex and difficult to manage. However, it is necessary to secure networks from threats arising out of unauthorized access and manipulation of data.
To calculate the market size, the report considers revenue generated from the sales of various IoT elements such as
- Others including gateways, networking components, SCADA, cloud services, and CEP
- Cisco Systems
- Honeywell International
- Huawei Technologies (Huawei Investment and Holding)
Other Prominent Vendors
- China Mobile
- China Telecom
- China Unicom
- Newland Group
- Nokia Siemens Networks
- Zebra Technologies
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- China Overview
- Market Landscape
- Market Segmentation by Technology
- Market Segmentation by End-users
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/w86sbp/internet_of