Published on 06/12/2018 | IoT Index
China is the world’s largest Machine-to-Machine (M2M) market by a number of cellular connections with almost a third of the global base. GSMA forecasts that the number of cellular M2M connections will grow by almost 29% annually to 336 million by 2020.
Despite its leadership in connected devices, Chinese leaders are quick to note that Chinese industry is ‘big but not strong’. Chinese industry is characterized by highly uneven automation, efficiency, and quality. Asset utilization efficiency is generally low due to both a deficiency of the IT talent needed to manage connected assets and under-investment in maintenance and value-added services. In sum, Chinese industry is not maximizing the benefits of its investment in M2M.
The Made in China 2025 and Industry Plus initiatives are intended to accelerate the investment in M2M and IoT technologies to avoid being squeezed between emerging low-cost producers and advanced industrialized economies. Improved software and services are required to ensure M2M data is yielding improved efficiency and business decisions.
“Made in China 2025" is an initiative to comprehensively upgrade Chinese industry inspired by Germany's "Industry 4.0" concept. The Chinese effort is broader in scope due to highly uneven efficiency and quality among Chinese producers. Multiple challenges must be rapidly overcome if China is to avoid being squeezed between emerging low-cost producers and advanced industrialized economies.
10 Strategic Industries are targeted for investment in industrial Internet technologies: