China's Internet of Things is undergoing rapid progress. According to the IoT plan of the Ministry of Industry and Information Technology, the expenditure on the Internet of Things in the mainland will reach the top in the world in 2021, and the NB-IoT network will continue to cover a large area.
The development of the Internet of Things industry in the mainland will maintain stable and high-speed growth in the next five years. The improvement of government policy support and Internet of Things standards, the demand for smart city and public utility construction, and the transformation and upgrading of enterprises will all become the main driving forces for the stable growth of the mainland Internet of Things market. IDC released the "Half-year Global Semi-annual Expenditure Guide for 2017" forecast that by 2021, the mainland's Internet of Things spending will reach $291.22 billion.
By then, mainland Internet of Things spending will account for 25.6% of global spending, and the mainland IoT market spending will maintain an average annual growth rate of 11.9% over the next five years. Looking back on 2017, the Ministry of Industry and Information Technology released the "Internet of Things 13th Five-Year Plan" at the beginning of the year, clearly defining the development goals of the Internet of Things industry. In the technical field, 5G spectrum planning has been completed and millimeter wave technology testing is underway.
In addition to following the official growth rate reduction guidance policy, the three major operators also provided special subsidies for the Internet of Things to promote the scale application of NB-IoT technology. With the steady development and maturity of NB-IoT technology, eMTC and 5G technologies, IoT terminals and platforms will maintain stable and high-speed growth. The development of standards related to the Internet of Things has also shifted from the general standard to the industry standard.
Looking into the future, in the many segments of safe city, intelligent transportation, energy saving and environmental protection, retail, etc., the industrial cluster effect brought by the Internet of Things will become more and more obvious. The market prospect of the Internet of Things will far exceed the information technology (IT) and communication under the current concept. Technology (CT) market. Based on the mature smart city cloud platform, it will innovate more business models, such as private construction and post-operation transfer (BOT), contract energy management (EMC), government purchase of public services, etc., which will jointly promote things in smart city scenes. With the development of the networking market, in the fields of intelligent transportation, intelligent infrastructure management, environmental protection and energy conservation, the Internet of Things will be more widely used.
In 2017, the three basic communication operators in mainland China commercialized the NB-IoT network, and the number of NB-IoT base stations was far greater than the 400,000 required by the Ministry of Industry and Information Technology.
The continuous coverage of the NB-IoT network has greatly accelerated the application of Internet of Things in the smart city, intelligent transportation, intelligent agriculture and other fields in the mainland, and once again proved the commercial value of the Internet of Things application. With the maturity of eMTC, LoRa, 4G+ and other technologies, there will be more types of communication services in the future to meet the needs of IoT scenario applications.
In the field of logistics, supply chain logistics and express delivery companies' IoT applications are gaining popularity. Alibaba's "new retail" and "new logistics" innovation models; online storefronts, digital marketing and smart retail store solutions are emerging; Smart factories are shifting from order production to customer demand. With the spread of application scenarios, enterprises will invest more resources in integrating enterprise data and solving enterprise problems, and tap more value of data.
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