IoT GUIDE

As of 2016, a total of 64 transformation projects (or more) have been under way since the initiation of Made in China 2025 by Premier Li Keqiang in 2015, aiming to position China as the global manufacturing quality leader.

Being in the scene, IoT ONE has put together a progress analysis and opportunity overview of the Industrial IoT market in China.

Industrial IoT Market Potential in China

"An important step in the future IoT ecosystem development in China will be accelerating the shift from market fragmentation to market integration, and from vertical industry convergence to horizontal platform agglomeration."
- Antonio Liu, Senior Market Analyst, IDC China

Key insights:

1. IoT in China will deliver gains of between USD 540 billion and USD 1.8 trillion in cumulative GDP growth by 2030, with manufacturing contributing approximately 40% of the growth potential.
2. Market advisory IDC estimates that Chinese manufacturer spending on industrial IoT will grow at an average rate of 14.7% annual and will reach USD 128 billion by 2020.

Why now?

China's global manufacturing output has skyrocketed from less than 4% in the 1990s to more than 25% now. However, its manufacturing sector has exhausted growth strategies of the last three decades. Today China has saturated the market for low quality and low cost goods, and many industries are overcapitalized yet inefficient due to limited adoption of industrial software. To overcome these challenges, an industry wide move towards digitalization and industrial automation has been prioritized by the national government. China must increase both productivity and output quality.

Industrial IoT in China: Current Climate and Future Trends

Key insights:

1. Many Chinese manufacturers have yet to begin investing in Industry 4.0 technology, and many continue to use Industry 2.0 technologies.
2. The Chinese government has recognized and implemented strategic measures that aim to boost development of smart capabilites.
3. China experiences rapid growth in technological innovation and acquisition of foreign companies. Innovation activities are more intensive for traditional hardware whereas that of cloud computing, big data and advanced robotics are relatively weaker.

The full report includes:

• Industrial IoT market potential and digitized manufacturing in China
• Current climate and trends of Industrial IoT in China
• China's 13th Five-Year Plan
• Made in China 2025: an in-depth analysis
• IIoT organizations and and companies supporting industrial upgrading
• Featured IIoT case studies in China

Click here to download the full report.

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IoT ONE is an information platform dedicated to mapping the Industrial IoT ecosystem. Companies use our platform to identify the partners they need to achieve transformative business results using Internet of Things technologies. End users and systems integrators use IoT ONE to identify new use cases, technologies, and technology providers. IoT vendors use the platform to enhance market awareness and connect with customers and partners.

The platform is free for all users. To learn more, visit us at www.iotone.com or contact me to schedule a discussion.

Sincerely,
Erik Walenza-­Slabe | 王闻达
CEO | 首席执行官
P: + 86 21 6010 5058
M: + 86 156 0183 9705
E: erik.walenza@iotone.com
I: www.iotone.com