Research: China's 2021 IoT platform accounts for more than 30% of global

IDC released a report on Forecasting and Analysis of China's IoT Platform Expenditure. The report predicts that China's IoT platform will reach US$6.22 billion in expenditure in 2021. This increase will benefit from the steady growth of the Chinese economy and the government, manufacturing, and public utilities. Industry's strong demand for emerging technologies. IDC expects that China's IoT platform spending will maintain a CAGR of 13% CAGR between 2017 and 2021. By 2021, China's IoT platform spending will rank first among all regions in the world. The proportion in the world will exceed 30%.

IDC believes that the Internet of Things is an ecological system that covers a wide range of diverse and complex ecosystems. The Internet of Things platform is an important platform that links all elements of the ecosystem. The IoT platform vendors can aggregate the partners in the ecosystem, form an industry alliance, and explore business. The model, collaboration and division of labor, promote IoT solutions under more application scenarios. These cooperation and trials have also promoted the evolution and improvement of the Internet of Things platform, forming a complementary and benign development trend.

For example, a solution provider who has been deeply involved in the industry for many years, understands the development and characteristics of the industry more than other partners. Based on this, through the existing experience and accumulation, it can help IoT platform companies to improve their platform. For example, on the platform, a better digital model based on IoT products is defined; while the open IoT platform also promotes multiple parties including application developers, platform vendors, industry solution providers, and end users. The business model innovations, such as the tripartite model and the quadrilateral model, have also achieved commercial success in different industries.

IDC also pointed out that different IoT user needs are not the same, and IoT users are different from the traditional IT decision process when making decisions. The deployment of IoT applications, more from the needs of the corporate business sector, These requirements are to deploy IoT solutions for specific business scenarios to improve the operational efficiency of one or more segments and reduce the overall cost of the enterprise. In addition, most IoT users are difficult to access the top-level design due to financial constraints. The way for enterprises to plan the overall IoT solutions and implement them. Therefore, the IoT platform companies also need to provide diversified services or product strategies, and formulate different pricing strategies to serve IoT users, not only satisfying the company's steadily expanding Demand for networking applications also forms a strong and cooperative relationship with customers.

The IoT platform functions are authorized and opened according to certain combinations. IDC defines it as a “modular IoT platform strategy”, and the modularized IoT platform will also provide a more intensive approach to IoT application developers. , Convenience, and friendly development environment. Therefore, the modularized IoT platform can promote the development and implementation of IoT solutions from both user and developer perspectives.

According to Cui Kai, research manager of IDC Research Department of China Telecom and Internet of Things, in the next two years, more manufacturers and service providers will invest in and expand the IoT platform, and China’s Internet of Things platform will show fierce competition. The promotion of manufacturers will accelerate the maturity and implementation of Internet of Things technologies and solutions. The Internet of Things platform will also play a significant role in it.

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