Views: 0 Author: Site Editor Publish Time: 2025-03-27 Origin: Site
Market size and growth rate
China has the fastest-growing Internet of Things market in the world. Data from the Ministry of Industry and Information Technology shows that the Internet of Things market in China will reach 3.1 trillion Yuan by 2023. This represents more than 25% of global market share. The market is expected to grow at a rate of 15% per year, reaching 4.5 trillion yuan in 2025.
The core driving factors
Support for policy: The 14th Five Year Plan of the country has identified Internet of Things (IoT) as an emerging strategic industry with a special focus on "new infrastructures" (5G industrial internet, data centers).
Breakthroughs in technology: increased 5G coverage (over 2,9 million base stations by 2023), lower cost of AI chips and widespread adoption edge computing.
Industry Demands: Intelligent transformation of manufacturing, expansion of smart cities and the surge in demand for digitalization of agriculture.
Market structure and industrial chains
The Internet of Things ecosystem in China is composed of three layers: "hardware, platform and application".
| Layer | Representative Companies/Technologies | Key Role |
|---|---|---|
| Perception Layer | Huawei, ZTE, Hikvision (sensors, RFID tags, cameras) | Data collection and transmission |
| Network Layer | China Mobile/Telecom/Unicom (NB-IoT, 5G networks) | Low-Power Wide-Area Network (LPWAN) for massive device connectivity |
| Platform Layer | Alibaba Cloud IoT, Tencent Cloud IoT, Huawei OceanConnect | Data storage, analytics, and device management |
| Application Layer | Smart City, Industrial Internet, Smart Home, Agricultural IoT | Implementation of vertical industry solutions |
