The scale of China's Internet of Things market is close to 500 billion yuan in the year

Yesterday, the reporter learned at the "Strategic Emerging Industries and Growth Enterprises Forum" held in Guangzhou that in the past year, China's Internet of Things industry has shown a development trend of "prosperity." China's Internet of Things market reached 193.3 billion yuan, an increase of 61.1%. CCID Consulting estimated at the forum that by 2013, China's Internet of Things market size will reach 489.6 billion yuan, and the growth rate of China's Internet of Things market will remain at more than 30% in the next three years.

Inspired by "application-led industrial development," China's Internet of Things (IoT) application has expanded into multiple fields including security, power, transportation, medical and health, industrial control, agriculture, environmental monitoring, and financial services. Among them, the Taihu Lake water quality monitoring system based on low- and high-speed sensor networks has been put into use; the intelligent transportation system based on sensor networks has been put into use in traffic monitoring, traffic light control, and parking information services, and some products have also entered the North American market...