IoT market in China to grow at a CAGR of 32.15% over the period 2014-2019, Finds New Report

Report forecast the IoT market in China to grow at a CAGR of 32.15 percent over the period 2014-2019.

IoT is the interconnection of devices with unique identifiers that have the ability to transfer data without human interaction. IoT is implemented by connecting various devices with each other as well as with communication devices of end-users. Sensor technology and wireless communication are some of the technologies used to implement IoT. It has evolved from the convergence of wireless technologies, micro-electromechanical systems, and the Internet. The major components of IoT include RFID, wireless sensor network, addressing schemes, data storage and analytics, and visualization elements. IoT facilitates efficient monitoring and management of numerous devices. The adoption of IoT is expected to grow significantly over the coming years as a result of the growing availability of Wi-Fi and LTE wireless connectivity.

This report covers the present scenario and the growth prospects of the IoT market in China for the period 2015–2019. To calculate the market size, the report considers revenue generated from the sales of various IoT elements such as:

• RFID
• Sensors
• NFC
• Others including gateways, networking components, SCADA, cloud services, and CEP

The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, the report does not provide the market shares of the vendors; it merely lists the key vendors in the market. In addition, the report discusses the major drivers that influence the growth of the IoT market in China. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

According to the report, one of the major drivers in this market is the increased adoption by the Manufacturing sector, which is one of the fastest growing sectors in China. It is the primary contributor to the country's GDP. In the Manufacturing sector, RFID tags are used to track and trace the flow of the manufacturing process.

Further, the report states that one major challenge in the market is the complexity of the IoT infrastructure. Because of the presence of several hardware and software technologies, the network infrastructure of the IoT becomes complex and difficult to manage. However, it is necessary to secure networks from threats arising out of unauthorized access and manipulation of data.

The report only provides the number of connected devices in use and their forecast. However, the report does not include the revenue from the sale of connected devices.

Key players in the IoT Market in China: Cisco Systems Inc., Honeywell International Inc., HP Co. and Huawei Technologies Co. (Huawei Investment and Holding Co. Ltd.)

Other Prominent Vendors in the market are: Alcatel-Lucent, Amdocs, Broadcom, China Mobile, China Telecom, China Unicom, EMC, Ericsson, IBM, Intel, Newland Group, Nokia Siemens Networks and Zebra Technologies.

Market Driver

• Growing Hub for Manufacturing Sector
• For a full, detailed list, view our report

Market Challenge

• Improper Infrastructure
• For a full, detailed list, view our report

Market Trend

• Growing Mobile Network Infrastructure
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 75 pages “Internet of Things (IoT) Market in China 2015-2019” report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, China Overview, Market Landscape, Market Segmentation by Technology, Market Segmentation by End-users, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4xp

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