Published on 05/04/2017 | Market Sizing
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.
"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
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.
The full report includes:
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.
Erik Walenza-Slabe | 王闻达
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